ID:
SHX
Tipo Insegnamento:
Obbligatorio
Durata (ore):
48
CFU:
6
SSD:
ECONOMIA POLITICA
Url:
INTERNATIONAL RELATIONS/BASE Anno: 1
Anno:
2023
Dati Generali
Periodo di attività
Secondo Semestre (05/02/2024 - 04/05/2024)
Syllabus
Obiettivi Formativi
The course analyzes the fundamental elements of modern international economic theory and policy. The objective is to understand the behavior of the main economic variables at a global level, paying attention to the aspects of international trade and open economy macroeconomics. International economic phenomena will be studied by taking into account theoretical and empirical standpoints. Issues pertaining international trade and open macroeconomic policy formulation, and their consequences, will be addressed also in light of current global events and current economic and social trends.
This course is inspired by the Fully Enquiry Based Learning model.
This course is inspired by the Fully Enquiry Based Learning model.
Prerequisiti
Students are assumed to be familiar with the basic concepts of Microeconomics and Macroeconomics.
Metodi didattici
Lectures (often interactive), team work and group presentations, case studies’ discussion, Oxford debate, possible guest speakers.
Verifica Apprendimento
For students attending the course:
- Attendance, participation and individual contribution to class discussions: 25% of the grade
(attendance to class will be monitored)
- Group presentations and class discussion on case study 1 and individual discussions on case study 2: 25% of the grade
- Individual test (written): 20% of the grade. Midterm will cover the first part of the course (international trade theory and policy). Exact date of the midterm will be announced on the first day of the course.
- Final exam (written): 30% of the grade. The final exam is comprehensive (covers the whole course program).
Retake Sessions:
In the first available retake session, attending students who did not participate to any previous examination sessions (scheduled after the end of the semester) can decide to maintain either the grade obtained during the semester or to be assessed as non-attending
After the first available retake session, in the other retake sessions the students will be considered and assessed as non-attending
Non-attending students
Students will do the final written exam, in the examination session scheduled after the end of the semester and/or in the retake sessions, based on an extended course program. Extended course program is represented by all the topics covered in the two recommended in the syllabus.
Final exam will account for 100% of the grade.
*non-attending students are those who, at the beginning of the semester, have demanded to obtain this status to the Graduate School and whose requests have been accepted by the Dean.
- Attendance, participation and individual contribution to class discussions: 25% of the grade
(attendance to class will be monitored)
- Group presentations and class discussion on case study 1 and individual discussions on case study 2: 25% of the grade
- Individual test (written): 20% of the grade. Midterm will cover the first part of the course (international trade theory and policy). Exact date of the midterm will be announced on the first day of the course.
- Final exam (written): 30% of the grade. The final exam is comprehensive (covers the whole course program).
Retake Sessions:
In the first available retake session, attending students who did not participate to any previous examination sessions (scheduled after the end of the semester) can decide to maintain either the grade obtained during the semester or to be assessed as non-attending
After the first available retake session, in the other retake sessions the students will be considered and assessed as non-attending
Non-attending students
Students will do the final written exam, in the examination session scheduled after the end of the semester and/or in the retake sessions, based on an extended course program. Extended course program is represented by all the topics covered in the two recommended in the syllabus.
Final exam will account for 100% of the grade.
*non-attending students are those who, at the beginning of the semester, have demanded to obtain this status to the Graduate School and whose requests have been accepted by the Dean.
Testi
The following books are strongly recommended:
Magnani Marco, The great disconnect, Bocconi University Press, 2024, ISBN 979-12-8062-314-0
Italian edition: Magnani Marco, Il grande scollamento, Bocconi University Press, 2024, ISBN: 979-12-8062-315-7
Krugman P., Obstfeld M., Melitz M.: International economics, theory and policy (11th ed, Pearson)
Magnani Marco, The great disconnect, Bocconi University Press, 2024, ISBN 979-12-8062-314-0
Italian edition: Magnani Marco, Il grande scollamento, Bocconi University Press, 2024, ISBN: 979-12-8062-315-7
Krugman P., Obstfeld M., Melitz M.: International economics, theory and policy (11th ed, Pearson)
Contenuti
International trade theory
Absolute cost advantage
Comparative advantage
Specific factor model
Heckscher–Ohlin model
Standard model
International trade policy
The instruments of trade policy
Trade Restrictions: tariffs
Nontariff trade barriers and the political economy of protectionism
International trade agreements and the World Trade Organization
Economic integration: customs unions and free trade areas
International trade, economic growth and development
Trade policy, recent events and international affairs
Free trade vs. Trade policies
The balance of payments, foreign exchange markets, and exchange rates
Balance of payments
The foreign exchange market and exchange rates
Exchange rate determination
Foreign exchange war
Global imbalances and debt sustainability
The 2008 crisis: exacerbation of trade unbalances or excessively expansionary monetary policy?
International Macroeconomics Policy
Fiscal and monetary policy under fixed and flexible exchange rates
The International Monetary System and the role of the International Monetary Fund and the World Bank
Theory of optimum currency areas and the Euro
The future of the Eurozone
Globalization: Opportunity and Crisis
Global value chains
Technology, trade and the international division of labor
The globalization paradox
De-globalization trends
Absolute cost advantage
Comparative advantage
Specific factor model
Heckscher–Ohlin model
Standard model
International trade policy
The instruments of trade policy
Trade Restrictions: tariffs
Nontariff trade barriers and the political economy of protectionism
International trade agreements and the World Trade Organization
Economic integration: customs unions and free trade areas
International trade, economic growth and development
Trade policy, recent events and international affairs
Free trade vs. Trade policies
The balance of payments, foreign exchange markets, and exchange rates
Balance of payments
The foreign exchange market and exchange rates
Exchange rate determination
Foreign exchange war
Global imbalances and debt sustainability
The 2008 crisis: exacerbation of trade unbalances or excessively expansionary monetary policy?
International Macroeconomics Policy
Fiscal and monetary policy under fixed and flexible exchange rates
The International Monetary System and the role of the International Monetary Fund and the World Bank
Theory of optimum currency areas and the Euro
The future of the Eurozone
Globalization: Opportunity and Crisis
Global value chains
Technology, trade and the international division of labor
The globalization paradox
De-globalization trends
Risultati di Apprendimento Attesi
Knowledge and understanding
The course will offer key theoretical tools to compare international economics theories and to understand pros and cons on each one. The course provides advanced
knowledge that will enable students to understand the processes, content and consequences of different policies across countries and globally as well as their potential impact on international affairs.
Applying knowledge and understanding
The students will be able to:
-apply international trade theories to current economic situation
-examine international trade policies through comparing different approaches across countries in Europe, USA and Asia
-look at how politics and institutions shape, constrain and enable policy making
Making judgments
We expect students to be able to analyze international economics theories, public policy and governance models to demonstrate an in-depth,
critical understanding of their scope and challenges.
Throughout the whole course, students will be invited to critically analyze current events that influence international economics.
Communications Skills
This course will give the students the possibility to acquire and understand major terms and concepts in order to communicate their ideas, proposals, analysis and critical reasoning. This will be done through individual contribution in class, class discussions and simulations and team work among students.
Learning skills
This course will contribute to empower learners giving them the tools to determine benefit and challenges of certain policies and the impact of current events on international economics.
The course will offer key theoretical tools to compare international economics theories and to understand pros and cons on each one. The course provides advanced
knowledge that will enable students to understand the processes, content and consequences of different policies across countries and globally as well as their potential impact on international affairs.
Applying knowledge and understanding
The students will be able to:
-apply international trade theories to current economic situation
-examine international trade policies through comparing different approaches across countries in Europe, USA and Asia
-look at how politics and institutions shape, constrain and enable policy making
Making judgments
We expect students to be able to analyze international economics theories, public policy and governance models to demonstrate an in-depth,
critical understanding of their scope and challenges.
Throughout the whole course, students will be invited to critically analyze current events that influence international economics.
Communications Skills
This course will give the students the possibility to acquire and understand major terms and concepts in order to communicate their ideas, proposals, analysis and critical reasoning. This will be done through individual contribution in class, class discussions and simulations and team work among students.
Learning skills
This course will contribute to empower learners giving them the tools to determine benefit and challenges of certain policies and the impact of current events on international economics.
Criteri Necessari per l'Assegnazione del Lavoro Finale
Instructor's approval of final paper's topic.
Corsi
Corsi
INTERNATIONAL RELATIONS
Laurea Magistrale
2 anni
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Persone
Persone
Altro personale docente
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