- Docente: Marco Grazzi
- Credits: 10
- Language: Italian
- Teaching Mode: Traditional lectures
- 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
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
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
Readings/Bibliography
Textbook: De Arcangelis Giuseppe, "Economia Internazionale",
terza edizione, McGraw-Hill
Other suggested readings:
- Krugman, Obstfeld, Melitz, "International Economics - Theory and
Policy", edizione Pearson.
- Basevi, Calzolari, Ottaviano "Economia politica degli scambi
internazionali", Carrocci editore, Roma
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 3 intermediate tests plus a final exam. The intermediate
tests will be on October 21st; November 4th; December 12th. The
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