- Docente: Bruno Salituro
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in International Relations (cod. 8782)
Learning outcomes
The aim of the course is to give students the basic
theoretical tools to understand the functioning of an open economy.
At the end of the course student will be able to use simple
economic models to analyze the interaction among home and foreign
real and monetary variables, to value the effects of macroeconomic
policies and the recent experience of European Monetary
Union.
Course contents
Exchange rate and the foreign exchange market.
Monetary and fiscal policy in flexible exchange rate systems.
Monetary and fiscal policy in flxed exchange rate systems. Devaluation.
Currency crisis.
The international monetary system.
Currency areas and the Euro experience.
The sovereign debt crisis
Readings/Bibliography
P. Krugman, M.Obstfeld, M. Melitz , "Economia Internazionale 2,(Economia monetaria internazionale), Pearson, 2015. (English translation from "International Economics", global edition, Pearson, 2014).
More readings will be suggested during lectures.References will be found on the web site of prof. Salituro.
Teaching methods
Front lectures.
Assessment methods
Written examination consisting in five open questions. The student selects 4 questions and answers to the chosen questions. The questions can be of theoretical kind or mathematical exercises.
Teaching tools
Links to further information
Office hours
See the website of Bruno Salituro