The course aims to analyze and study the concepts and theoretical bases necessary for the understanding of the fundamental phenomena of international economics; and the most important and recent developments in international economics. International economics deal with the interaction between countries through the exchange of goods and services, through monetary flows and through investments. International economics is an ancient matter, but it continues to increase its relevance with the intensification of links between countries. States are now more than ever connected to each other through the trade in goods and services, through monetary flows and through investments (globalization). The area of ??interest of international economics is constituted by the issues that arise from the commercial interaction between sovereign states. We will explore the topics under study through theories (models) and empirical research. When analyzing the theories of international trade and international macroeconomic equilibrium, the following will be examined: international trade, absolute advantage - comparative advantage - intra-sector trade - the political economy of trade; the characteristics of the foreign exchange market; international macroeconomic policies and economic development. The recurring themes in the study of international economics are: (1) the advantages deriving from exchange, (2) the structure of trade, (3) protectionism, (4) the balance of payments, (5) the determination of the rate of exchange, (6) the international coordination of economic policies and (7) the capital market.

• What is international economics and international trade about.
• International trade, productivity and comparative advantages: absolute advantage - comparative advantage - intra-sector trade.
• International trade theory: the Ricardian model. Specific factors and income distribution.
• The Heckscher-Ohlin model. A general model of international trade.
• Trade policy analysis - the general model of international trade. International production: entry into foreign markets and international production - the effects of a tariff on supply and demand.
• Economies of scale, imperfect competition and international trade.
• The tools of commercial policy and the political economy of commerce
• Globalization, populism and financial crises
• Comparative Advantage and Dynamic Games: The Poverty Traps

At the end of the course, students will be able to manage the techniques acquired to understand and solve various problems of international economics.

Knowledge and Understanding: at the end of the semester students are expected to know introductory economics by means of microeconomic and macroeconomic senarios. Futher, they will learn how to analyse and likely solve economic real problems.

Applying Knowledge and Understanding: students will be able to understand the fundamental concepts of the discipline and to learn how to use the main tools to solve problems and interpretate economic phenomena.

Making Judgements: students will develop a critical evaluation capacity about the goodness of the proposed solutions regarding the themes of economic policy.

Communication Skills: students will learn how to communicate the results of the analyzes carried out in terms of political economy, based for example, of synthetic relationships and graphs.

Learning Skills: students will be able to apply technical knowledge acquired in other courses and integrate them with skills that they will learn during this course.

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

Integrated with slides.

Teaching

Frontal lessons.

Attendance

Highly suggested

Course books

Paul R. Krugman, Berkeley Maurice Obstfeld,  Marc Melitz (2018). International Economics: Theory and Policy, 11th Edition, Pearson.

Assessment

Written examination with five questions. The duration of the examination is h. 01.10.

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.

Teaching

There are no changes in the conditions for non-attending students 

Attendance

There are no changes in the conditions for non-attending students 

Course books

There are no changes in the conditions for non-attending students 

Assessment

There are no changes in the conditions for non-attending students 

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.