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Università Liedia de Bulsan

Economia politica internazionale

Semester 1 · 27197 · Corso di laurea in Economia, Politica ed Etica · 7CFU · DE


• Trade theory
• Trade policy
• Open economy macroeconomics
• Exchange rate theory

Dozenc: Stefan Franz Schubert

Ores de ensegnament: 42
Ores de laboratore: -
Oblianza de frecuenza: Attendance suggested, but not required

Argomenc dl curs
1. Ricardo model 2. Resources, comparative advantage, and income distribution – Heckscher-Ohlin model 3. Specific factors model 4. Standard trade model 5. Economies of Scale, imperfect competition, and international trade 6. Summary: trade theory 7. Trade policy and its instruments 8. Balance of payments and national accounting 9. Foreign exchange market and elasticity approach 10. Gross domestic product and trade balance 11. Expenditure and exchange rate in the Keynesian model 12. Mundell-Fleming model 13. Purchasing power parity theory and interest parity theory 14. Monetary exchange rate model (flex price model) 15. Exchange rate overshooting (Dornbusch model)

Cursc propedeutics
None, but the frequency of the courses Macroeconomics, Microeconomics and Mathematics for EPE is suggested in order to properly follow these lectures

Modalité de ensegnament
Front-of-class lectures (in person).

Obietifs formatifs
ILO (Intended Learning Outcomes) ILO 1 Knowledge and understanding ILO 1.1 The ability to understand the role of governments in market economies; ILO 1.2 the ability to analyse the behaviour of economic variables in the short, medium and long term; ILO 1.3 the ability to understand complex texts in the field of economics in the three languages of instruction; ILO 2 Ability to apply knowledge and understanding ILO 2.1 the ability to assess the appropriateness of monetary and fiscal policy in relation to macroeconomic variables; ILO 2.2 the ability to communicate fluently and spontaneously with native speakers on economic topics; ILO 2.3 the ability to assess the impact of trade in a globalised world; ILO 3 Making judgements ILO 3.1 Acquire the necessary judgement and methodological tools to critically analyse data, sources, assumptions and implications of scientific practice and the political, ethical and legal contexts in which economic phenomena are situated and with which they interact. ILO 4 Communication skills ILO 4.1 Proficiency in written and spoken Italian, German and English, including the translation of these languages. Intercultural competence. Conceptual conciseness, ability to capture facts in writing, especially for scientific and science-based texts ILO 5 Learning skills ILO 5.1 Fostering critical thinking and analytical skills to recognise complex problems in their long-term dynamics and in the diversity of their - also ethical - implications

Sort de ejam
Written exam (100 %), consisting of problems and muliple choice questions (ILOs assessed: 1-5).

Criters de valutazion
Knowledge, analytical skills.

Bibliografia obligatora

Krugman, Obstfeld, International Economics, Theory and Policy, 7th ed., part 1, Pearson Addison Wesley

Van Marrewijk, International Economics, second edition, Oxford University Press

Caves, Frankel, Jones, World Trade and Payments: An Introduction, 9th ed., Pearson Addison Wesley



Bibliografia aconsieda

Ethier, Modern International Economics, 3rd ed., Norton

Gandolfo, Elements of International Economics, Springer

Gandolfo, International Trade Theory and Policy, Springer

Gerber, International Economics, 3rd ed., Pearson Addison Wesley

Husted, Melvin, International Economics, 6th ed., Pearson Addison Wesley

Mordechai, Kreinin, International Economics – A Policy Approach, 10th edition, Thomson South Western

Salvatore, International Economics, 9th ed., Wiley

Sawyer, Sprinkle, International Economics. 2nd ed., Pearson Prentice Hall

Shambaugh, Goldberg, Klein, Study Guide to accompany “International Economics, Theory and

Policy, 7th ed., (Krugman, Obstfeld)”, Pearson Addison Wesley

Yarbrough, Yarbrough, The World Economy – Trade and Finance, 7th edition, Thomson South Western

Zur Wiederholung mikroökonomischer Konzepte hilfreich:

Pindyck, Rubinfeld, Microeconomics, 6th ed., Pearson Addison Wesley

Varian, Intermediate Microeconomics, 7th ed., Norton




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