- Docente: Gianpaolo Rossini
- Credits: 10
- SSD: SECS-P/02
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Forli
- Corso: First cycle degree programme (L) in International relations and diplomatic affairs (cod. 8048)
Learning outcomes
The aim is to provide basic knowledge of Open Macroeconomics and
International trade issues.
Course contents
The course is based on 3 sections
INTRODUCTION
What is International economics about?
Two waves of globalization, 1820 -1914; 1960 - onwards
INTERNATIONAL TRADE THEORY
Gains from trade
Patterns of trade
-The Ricardian model and comparative advantage
-The Heckscher Ohlin model, resources and income distribution
-Interindustry vs intraindustry trade
-Economies of scale, imperfect competition
International factor movements
-International labour mobility
-FDI and multinationals
Free trade or protectionism?
-Trade policy instruments
-Competitive and imperfect markets
OPEN MACROECONOMICS
National accounting and the balance of payments
Exchange rates
-Foreign exchange markets
-Exchange rates, interest rates and good prices
Macroeconomic policies
- Current account and exchange rates
-Mundell Flemming
-Money interest rates and exchange rates
-Fixed vs flexible exchange rates
-International economic institutions
Readings/Bibliography
See the Italian section
Teaching methods
lectures and ppt presentations
Assessment methods
There are 3 intermediate tests and the final grade is the sum of
the 3 respective scores. The xams are based on multiple choice
questions and exercises
Teaching tools
Lectures and notes
Office hours
See the website of Gianpaolo Rossini