88042 - International Economy (A-L)

Course Unit Page


This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.

No poverty Decent work and economic growth Reduced inequalities

Academic Year 2021/2022

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. 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

The course is organized in two different sections. One section consists of lessons in blended mode (26 hours) which aims to introduce students to the acquisition of basic concepts and theoretical tools. Another section (36 hours), organized according to seminar methods.

For the section organized according to seminar modalities, students will be divided into different groups: some of them will carry out the seminar in person (12 hours) and other groups will carry out the seminar remotely on MS TEAMS (12 hours). Students are required to come to class having already read the assigned material and - in the case of seminars - active participation will be required.

For each student a total of 38 classroom hours are provided.

General Section

Introduction to the subject

Labor productivity and comparative advantages: the Ricardo model

Specific factors model and income distribution

The Heckscher-Ohlin model

The general model of international trade

Instruments of trade policy

Political economy of trade policy

Trade policy in developing countries

Controversies in trade policy

Seminar Section

Case studies


Krugman P. R., Obstfeld M., Melitz M. J. (2019) Economia Internazionale, Volume 1 Pearson.

If needed, references to additional teaching material (articles, reports, slides, etc.) will be provided in class.

Teaching methods

Lessons with the support of pptx and blackboard.

The general part of the course will be divided into lessons aimed at introducing students to the discipline, its major themes and its conceptual categories to learn economic reasoning.

In the seminar part of the course, both face-to-face and remote, the lessons will be interactive and may also include seminars. In this case, students will be required to prepare before the lesson with the readings indicated by the teacher on the topics that will be addressed.

Assessment methods

There are three intermediate exams for attending students.

The first two intermediate exams will consist of multiple choice questions.

The third intermediate exams consists of group work presentations.

The final exam will be written and will consist of:

- multiple choice questions

- open question that requires a broad and articulated answer

To take the exam it is essential to register for the test on Almaesami. Registrations expire five days before the test. There are no exceptions. It is advisable not to wait until the last moment to register to avoid system problems.

Any form of academic dishonesty will not be tolerated.

The student has the right to decline the grade only once.

Evaluation criteria:

18-23: sufficient preparation and ability to analyze but relating to a limited number of topics covered in the course, use of an overall correct language;

24-27: technically adequate preparation but with some limitations with respect to the topics covered, good analytical skills, even if not particularly articulated, expressed in correct language;

28-30: excellent knowledge of a large number of topics covered in the course, good analytical and critical skills, mastery of specific terminology;

30L: excellent and very in-depth and exhaustive knowledge of the topics covered in the course, critical analysis and connection skills, mastery of specific terminology.

Teaching tools

For in-presence lectures (blended learning): slides, blackboard and chalk (if compatible with remote use) or touch screen.

For remote lectures: slides, paper, pen and 2 webcams.

Office hours

See the website of Alessandro Saia

See the website of Luciano Messori

See the website of Sabrina Pedrini

See the website of