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.