Error message
User error : Failed to connect to memcache server: druportbe01:11211 in dmemcache_object() (line 415 of /production/drupal/dim_prod/drupal/d7cl4/prod/unich/releases/7/web/sites/all/modules/contrib/memcache/dmemcache.inc ).
Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Objectives
Contents The course introduces the student to the fundamental theories of the international economy from the least recent to the most recent ones based on increasing returns and non-competitive market forms. Topics such as: globalization of markets, significant economic growth in emerging countries are addressed; the interventions of international institutions to liberalize international trade and reduce market protectionism.
Extended Syllabus The course introduces the student to the fundamental theories of the international economy from the least recent to the most recent ones based on increasing returns and non-competitive market forms. Topics such as: globalization of markets, significant economic growth in emerging countries are addressed; the interventions of international institutions to liberalize international trade and reduce market protectionism. The lessons are divided into two parts.
- PART I -
Theory of international trade
- International trade: an overview
- Labor productivity and comparative advantages: the Ricardian model
- Specific factors and income distribution
- Resources and international trade: the Heckscher-Ohlin model
- The general model of international trade
- External scale economies and production localization
- Companies in the global economy: exports, outsourcing and multinationals
- PART II -
International trade policies
- The tools of commercial policy
- The political economy of commercial policy
- Trade policy in developing countries
- Disputes over commercial policy
- National accounts and balance of payments.
Recommended Bibliography Krugman P.R., Obstfeld M., Melitz M.J. (2019), Economia internazionale. Teoria e politica del commercio internazionale, Vol. I, Pearson, Milano.
Additional teaching material will be specified during the course.
Methods of Provision
Teaching Methods Lectures and exercises also with the use of Power Point slides, which are then made available to students, who can download them in pdf format from the teaching page.
Evaluation methods Verification of learning:
Verification of learning is carried out with a written exam with a mark expressed out of thirty.
The test aims to ascertain the level of knowledge of the topics indicated in the program and to verify that the student has acquired knowledge of the discipline, ability to interpret economic data and ability to show clear and reasoned. The written test consists of 3 open-ended questions on the topics covered in class, each of which is assigned a maximum grade of 10/30. The evaluation takes place by adding the scores accrued for the answers given to the three questions. The answer to each question involves the attribution of a score from 0 to 10, depending on whether the answer demonstrates an insufficient level of preparation (from 0 to 2 points), sufficient (from 3 to 4 points), good (from 5 to 6 points), very good (7 to 8 points), excellent (9 to 10 points). Honors are awarded if a score of 10 is awarded for each open-ended question. Failure to achieve the minimum score of 18/30 leads to failure to pass the exam.
Two partial written tests are scheduled during the semester of the lessons. Each test consists of 3 open-ended questions on the topics covered in class up to the date of the partial, each of which is assigned a maximum grade of 10/30 according to the methods specified above. To pass the exam it is necessary to pass both partials with a minimum grade of 18/30 each. The overall final grade is given by the arithmetic average of the votes of the two partial. Praise is recognized only if one already has praise in at least one of the two partial and 30 in the other.
Contacts/More Information