2016/2017

2016/2017

DM270

SECS-P/02 (POLITICA ECONOMICA)

DIPARTIMENTO DI SCIENZE ECONOMICHE E AZIENDALI

ECONOMICS, FINANCE AND INTERNATIONAL INTEGRATION - ECONOMIA, FINANZA E INTEGRAZIONE INTERNAZIONALE

International Economic Integration and Development

1°

Primo Semestre (26/09/2016 - 22/12/2016)

9

66 ore di attività frontale

ENGLISH

SCRITTO

NICOLINI MARCELLA GIOVANNA MARIA (titolare) - 9 CFU

Basic knowledge of microeconomics

The course aims to provide basic tools to analyse international trade, exchange rates and the behaviour of multinational firms.

A.International trade theory

- The gravity model
- The Ricardian model
- The Hecksher-Ohlin model
- The Krugman model
- The instruments of trade policy

B. International macroeconomics
- The balance of payments
- National accounts in open economies
- Exchange rates and prices
- Exchange rates and interest rates
- Exchange rate and trade balance
- Models of exchange rate determination
- Fixed exchange rates regimes
- The Mundell-Fleming model
- Currency crises

C. Multinationals
- Empirical evidence on foreign direct investments (FDIs)
- The theory of multinational enterprises (MNEs):
• Horizontal foreign direct investments
• Vertical foreign direct investments
• The boundaries of the firm
- The determinants of FDI
- The effects of MNEs on host countries

The program for the 9 credits course includes topics A, B and C.
The program for the 6 credits course includes topics A and B.

The first part of the course is based on frontal lectures on the course program and is common for 9 and 6 credits.

The 9 credits course includes students’ presentations on related topics. These presentations are on a voluntary basis and will contribute to the final grade.

Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson, Ninth ed.
Barba Navaretti, G., Venables, A. J. Multinational Firms in the World Economy, Princeton University Press
Additional instructor’s notes on selected topics.
Additional references will be discussed in class, see the course's KIRO page.

Written examination at the end of the classes. Three open questions. Time: 1h 30 min.