- Docente: Luciano Messori
- Credits: 10
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
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Corso:
First cycle degree programme (L) in
Political, Social and International Sciences (cod. 8853)
Also valid for First cycle degree programme (L) in Economics, Markets and Institutions (cod. 8038)
Learning outcomes
The aim is to provide basic knowledge of Open Macroeconomics and International trade issues. At the end of the course the students are expected to be able to use concepts currently employed in the economic debate, like, exchange rates, balance of payments, exports, FDI. They are expected to understand the rationales underlying the macroeconomic and trade policies in open economies and to analyse the main international economic events related to globalization.
Course contents
Introduction
Labor Productivity and Comparative Advantage: The Ricardian Model
Specific Factors and Income Distribution
The Heckscher-Ohlin Model
The Standard Trade Model
External Economies of Scale and the International Location of Production
Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
The Instruments of Trade Policy
The Political Economy of Trade Policy
Trade Policy in Developing Countries
Controversies in Trade Policy
National Income Accounting and the Balance of Payments
Exchange Rates and the Foreign Exchange Market: An Asset Approach
Money, Interest Rates, and Exchange Rates
Price Levels and the Exchange Rate in the Long Run
Output and the Exchange Rate in the Short Run
Fixed Exchange Rates and Foreign Exchange Intervention
Readings/Bibliography
Krugman P. R., Obstfeld M., Melitz M. J. (2019), International Economics: Theory and Policy, 11th Edition, Pearson.
Teaching methods
Lectures, exercises.
Assessment methods
Written midterm and final exams.
Each student is required to have access to a video link as an essential condition to take the exam. Stunets must use also a second video contact point via the mobile phone,or a different device, orented at 45 degrees with respect to the PC screen showing the keyboard and the screen itself.
Students must keep the camera and microphone turned on during the whole test.
You must book your exam on Almaesami non longer than five days before the given esam date.
Teaching tools
Blackboard and chalk or touch screen (face-to-face lectures).
Paper, pen and 2 webcams (online lectures).
Office hours
See the website of Luciano Messori
SDGs
This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.