ID:
504827
Duration (hours):
44
CFU:
6
SSD:
POLITICA ECONOMICA
Year:
2025
Overview
Date/time interval
Primo Semestre (22/09/2025 - 19/12/2025)
Syllabus
Course Objectives
The course provides the tools to analyse international trade and international macroeconomics. After completing this course, students will be able to understand and interpret the global landscape regarding trade policies, exchange rate policies, and macroeconomic policies in general. Additionally, the 9 ECTS course will offer students insights into the behavior of multinational enterprises. The course aims to enhance awareness and understanding of the 17 sustainable development goals (SDGs) promoted by the UN by 2030, with a particular focus on how economic theory contributes to achieving these goals.
1. No Poverty
8. Decent Work and Economic Growth
9. Industry, Innovation and Infrastructure
16. Peace, Justice and Strong Institutions
1. No Poverty
8. Decent Work and Economic Growth
9. Industry, Innovation and Infrastructure
16. Peace, Justice and Strong Institutions
Course Prerequisites
Knowledge of the main concepts from microeconomics (consumer behaviour and demand theory; market equilibrium with perfect competition, monopoly, and monopolistic competition) and macroeconomics (national accounting, IS-LM model). Knowledge of the basic concepts of statistical inference.
Teaching Methods
Lectures will be held in person on the university premises. The course also includes students’ presentations on related topics.
Assessment Methods
Written exam. Three open-ended questions, each divided into sub-points. Each question is worth a maximum of 10 points. Time limit: 1 hour.
Up to 2 additional points can be earned through class participation and will be considered only once, the first time the student takes the exam, in the first two exam dates (January or February).
Up to 4 additional points can be earned through a paper presentation during the course and will be considered only once, the first time the student takes the exam, in the first two exam dates.
Up to 2 additional points can be earned through class participation and will be considered only once, the first time the student takes the exam, in the first two exam dates (January or February).
Up to 4 additional points can be earned through a paper presentation during the course and will be considered only once, the first time the student takes the exam, in the first two exam dates.
Texts
6 ECTS:
Part A: Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson,
Part B: Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson, and additional instructor’s notes
Additional references on current events (i.e. articles from newspapers) will be discussed in class, see the "Course Material" tab in KIRO.
9 ECTS only:
PART C: instructor’s notes
Part A: Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson,
Part B: Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson, and additional instructor’s notes
Additional references on current events (i.e. articles from newspapers) will be discussed in class, see the "Course Material" tab in KIRO.
9 ECTS only:
PART C: instructor’s notes
Contents
6 ECTS: part A and B
9 ECTS: part A, B and C
Part A
- International trade theory:
- The gravity model
- The Ricardian model
- The Hecksher-Ohlin model
- The Krugman model
- The instruments of trade policy
Part B
- The balance of payments
- National accounts in open economies
- Exchange rates and prices
- Exchange rates and interest rates
- Exchange rate and trade balance
- Models of exchange rate determination
- Fixed exchange rates regimes
- The Mundell-Fleming model
- Currency crises
Part C
- Empirical evidence on foreign direct investments (FDIs)
- The theory of multinational enterprises (MNEs):
- Horizontal foreign direct investments
- Vertical foreign direct investments
- The boundaries of the firm
9 ECTS: part A, B and C
Part A
- International trade theory:
- The gravity model
- The Ricardian model
- The Hecksher-Ohlin model
- The Krugman model
- The instruments of trade policy
Part B
- The balance of payments
- National accounts in open economies
- Exchange rates and prices
- Exchange rates and interest rates
- Exchange rate and trade balance
- Models of exchange rate determination
- Fixed exchange rates regimes
- The Mundell-Fleming model
- Currency crises
Part C
- Empirical evidence on foreign direct investments (FDIs)
- The theory of multinational enterprises (MNEs):
- Horizontal foreign direct investments
- Vertical foreign direct investments
- The boundaries of the firm
Course Language
English
More information
On the KIRO web page of this course you can find:
- Slides and lecture notes;
- Additional readings that are part of the program;
- Slides of your presentations;
- All information concerning the schedule, changes in the timetable, etc.
- Slides and lecture notes;
- Additional readings that are part of the program;
- Slides of your presentations;
- All information concerning the schedule, changes in the timetable, etc.
Degrees
Degrees (2)
INTERNATIONAL BUSINESS AND ENTREPRENEURSHIP
Master’s Degree
2 years
INTERNATIONAL BUSINESS AND ENTREPRENEURSHIP
Master’s Degree
2 years
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