The course aims to teach students the concepts and theoretical bases necessary for understanding the main phenomena of the international economy and the most important trends of globalization. The course will deal with theories and empirical evidence on international trade and international macroeconomic equilibrium. First, the characteristics of international trade will be examined (absolute advantage - comparative advantage - intra-sectoral trade - political economy of trade); of the foreign exchange market; of international macroeconomic policies and economic development. Second, we will examine the advantages and disadvantages associated with: (1) the exchange of goods and services, (2) trade structure, (3) protectionism, (4) balance of payments, (5) exchange rate, (6 ) international coordination of policies (7) capital market.

• International trade, productivity and comparative advantages: absolute advantage - comparative advantage - intra-sectoral 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 pattern 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 instruments of commercial policy and the political economy of trade
• Globalization and technological competition

No

- Knowledge and understanding: Students will have to acquire knowledge of the main theoretical tools developed to understand the determination of exchange rates and international macroeconomic equilibrium. The teaching methods with which these results will be achieved will consist of: lectures, analysis and discussions of concrete cases, group work and in-depth seminars.
- Applied knowledge and understanding: Students will have to acquire knowledge of the historical evolution and functioning of currency markets and the main instruments of international macroeconomic policy. The teaching methods with which these results will be achieved will consist of: lectures, analysis and discussions of concrete cases, group work and in-depth seminars.
- Making judgements: Students will have to acquire the ability to evaluate the costs and benefits of international financial transactions and the different macroeconomic policies adopted in open economies. The teaching methods with which these results will be achieved will consist of: lectures, analysis and discussions of concrete cases, group work and in-depth seminars, production of papers.
- Communication skills: Students will have to acquire the ability to discuss the main themes of international economic and financial globalization with conceptual and terminological rigor. The teaching methods with which these results will be achieved will consist of: lectures, analysis and discussions of concrete cases, group work and in-depth seminars, production of papers.
- Ability to learn: Students will have to acquire the ability to keep themselves continuously updated on the evolution of the international economy and on the main issues of international economic current affairs. The teaching methods with which these results will be achieved will consist of: lectures, analysis and discussions of concrete cases, group work and in-depth seminars, production of papers.

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

• Frontal lessons.
• The in-person teaching method will be enriched with in-depth studies, which the students will carry out using the platform

Innovative teaching methods

Organization of Research Labs in the classroom for carrying out group work on selected topics of International Economics. Each group of 5-8 students will be asked to develop a paper on the selected topic and present the research results in the classroom.

Attendance

In-class attendance advisable

Course books

Paul R. Krugman, Maurice Obstfeld, Marc Melitz, Economia Internezionale 1: Teoria e politica del commercio internazionale, Undicesima edizione a cura di R. Helg, Pearson Italia, 2019. 

Handouts and other teaching material made available on the Moodle platform

Assessment

The evaluation criteria are: the level of mastery of the theoretical knowledge, graphic and mathematical tools used; the degree of articulation of the response; the degree of adequacy of the explanation; the degree of accuracy of the graphic and formal analysis. The vote is expressed in thirtieths.

The written exam. Once the written test has been passed, the student will be able to optionally access an additional oral exam.

The written test lasts one hour. With this test, knowledge will be assessed during the course. The written test includes 3 open questions (3 questions for a maximum of 15 points in total) and 10 multiple choice questions (total 15 points). In the open questions, the student will have to respond in an articulated and in-depth manner, making use of the aid of graphs, in such a way as to demonstrate that they have acquired full knowledge and understanding of the topics on the programme. In multiple choice questions, the student will have to demonstrate the ability to rework the knowledge acquired in a limited time.

Sufficiency is considered achieved with a minimum score of 18/30. A score between 18 and 20 indicates a sufficient level of competence, in which the candidate demonstrates knowledge and understanding. Between 21 and 23 full sufficiency is reached, where applied knowledge and understanding are fully demonstrated. A score between 24 and 26 indicates a good level of competence, as the candidate demonstrates that he has also developed a certain autonomy of judgement. Between 27 and 29 the candidate also demonstrates a certain communication ability, while a score between 30 and 30 with honors indicates an excellent level of competence, where in addition to the previous skills, the candidate also demonstrates that he has developed the ability to learn .

The proposed assessment can:
- be rejected by the student. In this case the test must be repeated;
- accepted by the student;
- accepted with the addition of an oral test (which can increase or reduce the evaluation of the written test).

Disability DSA

Students who have registered their disability certification or DSA certification at the Inclusion and Right to Study Office can ask to use concept maps (by keywords) during the exam. To this end, it is necessary to send the maps, two weeks before the exam session, to the course teacher, who will verify their consistency with the indications of the university guidelines and may request their modification.

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

To give students and non-attending students the opportunity to compensate for what is done during the lessons with independent study, the following materials referring to the same contents of the program are indicated in order to promote full understanding: please refer to the textbook and the material that the teacher will put online during the course on the blended.uniurb.it platform blended.uniurb.it

Attendance

Not required

Course books

Paul R. Krugman, Maurice Obstfeld, Marc Melitz, Economia Internazionale 1: Teoria e politica del commercio internazionale, Undicesima edizione a cura di R. Helg, Pearson Italia, 2019. 

Handouts and other teaching material made available on the Moodle platform

Assessment

The evaluation criteria are: the level of mastery of the theoretical knowledge, graphic and mathematical tools used; the degree of articulation of the response; the degree of adequacy of the explanation; the degree of accuracy of the graphic and formal analysis. The vote is expressed in thirtieths.

The written exam. Once the written test has been passed, the student will be able to optionally access an additional oral exam.

The written test lasts one hour. With this test, knowledge will be assessed during the course. The written test includes 3 open questions (3 questions for a maximum of 15 points in total) and 10 multiple choice questions (total 15 points). In the open questions, the student will have to respond in an articulated and in-depth manner, making use of the aid of graphs, in such a way as to demonstrate that they have acquired full knowledge and understanding of the topics on the programme. In multiple choice questions, the student will have to demonstrate the ability to rework the knowledge acquired in a limited time.

Sufficiency is considered achieved with a minimum score of 18/30. A score between 18 and 20 indicates a sufficient level of competence, in which the candidate demonstrates knowledge and understanding. Between 21 and 23 full sufficiency is reached, where applied knowledge and understanding are fully demonstrated. A score between 24 and 26 indicates a good level of competence, as the candidate demonstrates that he has also developed a certain autonomy of judgement. Between 27 and 29 the candidate also demonstrates a certain communication ability, while a score between 30 and 30 with honors indicates an excellent level of competence, where in addition to the previous skills, the candidate also demonstrates that he has developed the ability to learn .

The proposed assessment can:
- be rejected by the student. In this case the test must be repeated;
- accepted by the student;
- accepted with the addition of an oral test (which can increase or reduce the evaluation of the written test).

Disability DSA

Students who have registered their disability certification or DSA certification at the Inclusion and Right to Study Office can ask to use concept maps (by keywords) during the exam. To this end, it is necessary to send the maps, two weeks before the exam session, to the course teacher, who will verify their consistency with the indications of the university guidelines and may request their modification.

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.