The course aims to provide students with the theoretical concepts required to understand the fundamental phenomena of the international monetary economy: balance of payments, exchange rates, macroeconomics policy in an open economy under flexible and fixed exchange rate regime, the historical evolution of the international monetary system, the theory of optimum currency areas, the international financial crisis.

1.National Income Accounting and the Balance of Payments
2.Exchange Rates and the Foreign Exchange Market: An Asset Approach
3.Money, Interest Rates, and Exchange Rates
4.Price Levels and the Exchange Rate in the Long Run
5.Output and the Exchange Rate in the Short Run
6.Fixed Exchange Rates and Foreign Exchange Intervention
7.International Monetary Systems: An Historical Overview
8.Financial Globalization: Opportunity and Crisis
9.Optimum Currency Areas and the Euro
10. Developing Countries: Growth, Crisis, and Reform

After completing the course, students must have adequate general knowledge about the fundamental issues of international monetary economics, knowing apply with independent judgment the knowledge acquired and to understand and  problems related to the international economic contexts. They must also be able to communicate individual ideas and them emerged in working groups.

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

Teaching

Lectures and involvement of the students individually or in groups for the realization of written essays and presentations on specific issues.

Attendance

To be considered attending, students must frequent 75% of lectures.

Course books

Paul R. Krugman, Maurice Obstfeld, Marc Melitz, Economia Internezionale Vol. 2: Economia monetaria internazionale, Decima edizione a cura di R. Helg, Pearson Italia, 2015

Assessment

Oral examination and ongoing evaluation of the work in the classroom.cThe oral interview is aimed at assessing the level of competence, acquired in the ability to coordinate knowledge and skills, to deal with complex situations or problems in the context of international economic analysis.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Course books

Paul R. Krugman, Maurice Obstfeld, Marc Melitz,International Economics: Theory and Practice, Pearson Education, 2018.

Assessment

Oral examination, as attending students, on the whole course program.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.