INTERNATIONAL ECONOMICS AND DEVELOPMENT
Stampa
Enrollment year
2018/2019
Academic year
2020/2021
Regulations
DM270
Academic discipline
SECS-P/02 (POLITICA ECONOMICA)
Department
DEPARTMENT OF ECONOMICS AND MANAGEMENT
Course
ECONOMICS
Curriculum
PERCORSO COMUNE
Year of study
Period
1st semester (28/09/2020 - 22/12/2020)
ECTS
9
Lesson hours
66 lesson hours
Language
Italian
Activity type
WRITTEN TEST
Teacher
Prerequisites
Basic knowledge of the main concepts from microeconomics (consumer behaviour and demand theory; market equilibrium with perfect competition, monopoly and monopolistic competition) and macroeconomics (national accounting, IS-LM model).
Learning outcomes
The course aims at providing the theoretical basis to understand international economics, both real (trade) and monetary (international finance) and the linkages with economic development. These theoretical models will be used to interpret and understand stylized facts on these topics.
The course aims to contribute to the awareness and knowledge of the 17 sustainable development goals (SDG) promoted by the UN by 2030, with special attention to the contribution that economic theory brings to the attainment of the goals:
1. No Poverty
8. Decent Work and Economic Growth
10. Reduced Inequalities
17. Partnership for the Goals
Course contents
Part I. International trade theory

- Measures of economic development
- Measuring poverty and inequality
- Policies for development: The Sustainable Development Goals
- International trade and inequality
- The gravity model
- Comparative advantage: The Ricardian model
- The Heckscher-Ohlin model
- External economies of scale and the international location of production
- International trade with internal economies of scale
- Firms in the global economy
- The instruments of trade policy
- Trade policy in developing countries
- Controversies in trade policy
- International organizations for trade and economic development
- National income accounting and the balance of payments
- Migrations, remittances and development
- Finance and development: The debt crisis in developing countries and the ensuing policies

Part II. International monetary economics

- Money, interest rates, and exchange rates
- Price levels and exchange rate in the long run: Purchasing Power Parity.
- Macroeconomic policies with fixed or flexible exchange rates.

Students taking the 6 ECTS course will be examined on the program of the 22 lectures held by Prof. Nicolini. Students taking the 9 ECTS course will be examined on the full program.
Teaching methods
Lectures will take place in part in presence on the premises of the University, if possible given the concurrent health conditions, according to the rules set by the University. Lectures will be available on-line as synchronous sessions for those not present in the classroom and will be made available on the KIRO web page of the course later.
Reccomended or required readings
Krugman, P., Obstfeld, M., Melitz, M. (2019) – “Economia Internazionale”, vol. 1 and 2, Pearson Ed.
Assessment methods
Written exam: 3 open questions, divided in sub-points. Each question gets 10 points max. time: 1h.

up to 2 additional points can be earned through participation in class and will be considered only once, the first time the student sits for the exam, in the first two exam dates.
Further information
Sustainable development goals - Agenda 2030