- Docente: Natalia Montinari
- Credits: 10
- Language: Italian
- Moduli: Cecilia Vergari (Modulo 1) Natalia Montinari (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
- FDI and multinationals
- Free trade or protectionism?
- Trade policy instruments
- Competitive and imperfect markets
- International factor movements
- International labour mobility
Part 2 (Natalia Montinari)
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", quarta 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
Readings and bibliography suggested plus lectures slides.
Assessment methods
There are 2 intermediate tests which have equal weight. Exams are based on multiple choice questions and exercises.
Teaching tools
Lectures and slides
Office hours
See the website of Natalia Montinari
See the website of Cecilia Vergari