ADVANCED MACROECONOMICS

Single discipline educational activity

Course Sheet

Course code:

000227L

Academic Year of enrolment:

2019

Year of supply:

2020/2021

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in ECONOMICS AND COMMERCE

Disciplinary Sector:

Political Economy

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

DEL GATTO Massimo

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

Basic knowledge of mathematics, statistics and macroeconomics.

Objectives

The aim of the course is to analyze some of the main macroeconomic models by applying them to real-world problems. In particular, the course will study short and long term macroeconomic models that will be analyzed and discussed with the aim of offering the student conceptual and analytical tools for interpreting the international macroeconomic reality.

Contents

The course explores macroeconomic issues such as economic growth, international trade, protectionism, exchange rates and monetary unions, public debt.

Extended Syllabus

- Economic growth and convergence
- Waves of globalization: similarities and differences
- The fall in communication costs
- Global markets and trade flows: long-term trends
- International trade: technology and comparative advantages
- International trade: factor endowments
- Trade policy with competitive markets
- Trade policy with imperfect competition
- Global markets and foreign direct investment: long-term trends
- Opening of markets and flows of foreign direct investments
- Multinational enterprises and intra-firm trade: long-term trends
- Open economies and choices of outsourcing and offshoring
- Global value chains: long-term trends
- MNE theory and formation of global value chains.
- Productivity, technology and competitiveness: from the company to sectors and countries. Basic concepts and measurement issues
- From small to big data: the effects of the increased availability of information on the analysis of markets and the internationalization of firms

Recommended Bibliography

Krugman-Obstfeld-Melitz , International Economics: Theory and Policy
Additional teaching material (articles and lecture notes) will be made available at the during the course.

Teaching Methods

Lectures and tutorial aimed at verifying the learning of the students about the topics examined in the lectures

Evaluation methods

Verification of learning:

The verification of the learning outcomes will be carried out through a written and oral examination. In particular:

Knowledge and ability to understand
The verification of knowledge and comprehension skills will be carried out through a written and an oral examination that will cover the whole program with particular attention to the theoretical part and to the critical interpretation of graphs and tables.

Ability to apply knowledge and understanding
The ability to apply knowledge and understanding will be evaluated through the preparation of a small dissertation focused on the practical analysis of a case in order to assess the students’ ability to analyse in person (and possibly in team) the international economic dynamics related to a company, a sector or a country.

The score of the exam is assigned by a vote expressed in thirtieths. The final grade will be an average of the written-oral exam (weight 70%) and the dissertation (weight 30%).

Contacts/More Information

Seminars and laboratories given by external scholars will be part of the course.

Office hours: Thursday, 10am (to be agreed by email).

E-mail: m.delgatto@unich.it

course web page: http://docenti.unich.it/delgatto/delgatto_web/teaching

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree

Error message