INTERNATIONAL ECONOMICS

Single discipline educational activity

Course Sheet

Academic Year of enrolment:

2016/2017

Optional/Mandatory:

Compulsory

Degree:

Bachelor's Degree Programme in ECONOMICS AND MANAGEMENT

Disciplinary Sector:

Political Economy

Credits:

Programme Year:

Professor and Collaborators:

ATZENI Gianfranco Enrico

Hours of classroom activity:

Prerequisites:

Basic knowledge of microeconomics and macroeconomics

AF code:

40000507

Assessment Methods

Verification of learning:

Written exam, duration 2 hours. The exam consists in three parts, each of them assigns 10 points. Part A: 5 multiple choice questions (max 2 points each). Part B: 2 open answer question (max 5 points each). Questions in part B may involve also some basic calculation to provide answer. Part C: one exercise similar to the exercises solved in class (max 10 points). Demand in part B and the exercise in part C are divided into sub-questions, with indication of points for each item. The sum of points obtained in each of the items of the three parts determines the final grade.

Teaching period

First semester

Objectives

Understanding of basic theory of international trade and factor movements; understanding the impact of different structures of market and industries on international trade; understanding the basic functioning of international money market, exchange rates; understanding the equilibrium in the currencies market.
At the end of the course the student will have acquired:
1. Knowledge and understanding: of the basically mechanism underlining the trade of goods, services and factors of production among economies; of the effect of trade policies in various type of markets; of equilibrium in the exchange rate market.
2. Applying knowledge and understanding: ability to identify interventions on trade through duties, quotas and subsidies in different market structures. Ability to identify exchange rate market tendencies related to changes in interest rates and in the movement of financial assets.
Making judgments: ability to analyze trade under different market structures (competition, oligopoly, with differentiated goods). Ability to analyze recent phenomena related to globalization (product fragmentation, delocalization, international migrations).
Communication: although the course does not provide specific communication competences, group activities and classroom presentations contribute to build student competences to present report on specific economic phenomena.

Contents

1. BASIC CONCEPTS
1.1. International Economic Institutions (2 h)
1.2 The Balance of Payments (2 h)
2. INTERNATIONAL TRADE
2.1 Trade and technology differences (8 h)
2.2 Trade and factors endowments (6 h)
2.3 Trade with perfect competition (6 h)
2.4 Trade, economies of scale and not competitive markets (6 h)
2.5 Trade and factor movements (6 h)
2.6 Trade policy with perfect and imperfect competition (6 h)
3. INTRODUCTION TO INTERNATIONAL MONETARY ECONOMICS
3.1 Currency markets (6 h)
3.2 Exchange rate, prices and interest rates (6 h)

Recommended Bibliography

Giuseppe De Arcangelis, Economia Internazionale, McGraw-Hill, 2009.
or
Paul Krugman, Maurice Obstfeld, Economia Internazionale, vol. 1 e 2, Pearson Education Italia, 2007.

Teaching Methods

Lessons with power point slides and blackboard. Tutorials, case studies and classroom group presentations are also provided during the course. Tutorials consist in the solution of exercises aimed to the comprehension and application of the theoretical models explained during the classes. Some exercises are solved by the students and submitted. The module leader will provide solutions in class. Case studies consist in an analysis of some key phenomena in international economics. For the classroom presentations students are asked to work in groups and to analyze and expand on the given topics. Lessons slides and exercises in pdf are provided to the student through the following web page: www.ecopol.uniss.it.

Contacts/More Information

1. The module leader is available to provide additional explanations about the lessons and the tutorials to Erasmus students also in English and Spanish.

2. Additional materials and references about the models explained in the course are available on request.

INTERNATIONAL ECONOMICS

Course year: 2

Course year: 3

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INTERNATIONAL ECONOMICS