Scheda insegnamento


L'insegnamento contribuisce al perseguimento degli Obiettivi di Sviluppo Sostenibile dell'Agenda 2030 dell'ONU.

Sconfiggere la povertà Lavoro dignitoso e crescita economica Ridurre le disuguaglianze

Anno Accademico 2019/2020

Conoscenze e abilità da conseguire

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.


This class will cover the following topics:


Introduction to the global economy.


International trade theory

Comparative advantage, and the Ricardian model.

Factor proportions and Heckscher-Ohlin model.

International trade policy

Trade restrictions. Effects of a tariff in a Small and in a Large Nation. The optimum tariff and retaliation.

Nontariff trade barriers.


International trade and investment relations

Economies of scale and new trade theory.

Trade policy and politics.

Integration, development and factor movements.


Topics in international finance

Balance of payment and exchange rate.

Automatic adjustments and adjustment policies.

Optimum currency areas and European integration.

(Salvatore, Ch. 1 to 11, 15.1 to 15.8, Appendix Ch 4.1, 9)


Dominik Salvatore (2012), Introduction to International Economics, 3rd Edition, Wiley.

Further readings may be assigned.

Metodi didattici

Traditional class-lectures, group discussions.

Modalità di verifica dell'apprendimento

During the term there will be two intermediate learning assessments. They will take place on November 4th and on December 20th. If you miss or you do not pass an intermediate learning assessment under no circumstances a make-up exam will be granted.

Students who will obtain an average grade equal to 18/30 or higher in the two intermediate learning assessments will have to enroll on Almaesami in a dedicated list the first time that a final exam will be scheduled. They will not need to show-up on exam day. However, their registration will allow the instructor to upload their grades on the system. 

Students who will not obtain an average grade equal to 18/30 or higher in the two intermediate learning assessments will be required to take a comprehensive final exam.

After the end of the term there will be only final exams on the whole program (90 minutes). These exams will include 4-5 open questions. Calculators will be allowed, while any use of cell phones will be strictly forbidden.

Any form of academic dishonesty will not be tolerated.

To take the exam, you are required to enroll on Almaesami. Class attendance is strongly recommended to improve the productivity of the time spent studying this subject.

The student has the right to refuse the passing grade obtained only once.

Strumenti a supporto della didattica


Orario di ricevimento

Consulta il sito web di Luciano Messori