- Docente: Marco Grazzi
- Credits: 10
- Language: Italian
- Moduli: Marco Grazzi (Modulo 1) Cecilia Vergari (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- 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
Part 1 (Cecilia Vergari)
INTRODUCTION
- What is International economics about?
- Two waves of globalization, 1820 -1914; 1960 - onwards
INTERNATIONAL TRADE THEORY
- Gains from trade and 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
Part 2 (Marco Grazzi)
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
GLOBALIZATION: OPPORTUNITIES AND THREATS
DEVOLOPING COUNTRIES: GROWTH, CRISES, REFORMS
Readings/Bibliography
De Arcangelis Giuseppe, "Economia Internazionale", terza
edizione, McGraw-Hill
McLaren J., 2013, "International Trade", WILEY.
Krugman, Obstfeld, Melitz, "Economia Internazionale",
Pearson.
Some useful website for the course: www.istat.it,
www.bancaditalia.it, www.ecb.int, http://www.lavoce.info/,
http://www.voxeu.org/, www.economist.com,
http://www.project-syndicate.org/
Further readings will be communicated during the course
Teaching methods
Lectures and slides
Assessment methods
There are 2 intermediate tests which have equal weight. Exams are
based on multiple choice questions and exercises.
Teaching tools
Readings and bibliography suggested plus lectures slides.
Links to further information
http://www.unibo.it/docenti/marco.grazzi
Office hours
See the website of Marco Grazzi
See the website of Cecilia Vergari