EC/0011 - INTERNATIONAL ECONOMICS
Anno Accademico 2021/2022
FRANCESCO PIGLIARU (Tit.)
- Modalità d'Erogazione
- Lingua Insegnamento
|[11/80] ECONOMIA MANAGERIALE||[80/30 - Ord. 2018] International Management||6||36|
This course provides basic knowledge of international trade economics, trade policy and the strategic choices of firms operating in the global context (assessment of knowledge and understanding). The course aims as well at providing tools for evaluating the role of a country and its firms in the global system (assessment of the ability to apply knowledge and understanding).
Particular emphasis will be given to explaining why individuals and firms should be aware of the possibility that while trade generates gains at the aggregate level for each participating country, the distribution of these gains within a country is typically very uneven to the point that trade can make a large share of the existing firms worse off. So, strategical positioning of firms and individuals is crucial in order to avoid losses from trade.
At the end of the course students will be able to:
1. critically discuss the most important international trade theories and the principles which drive the strategic decisions of firms in the global context; (assessment of knowledge and understanding; evaluation of judgment ability)
2. analyse the statistics of international trade data to describe the position of a country and its firms in the global system; (assessment of the ability to apply knowledge and understanding)
3. analyse the position of a firm in the global system (assessment of communication skills; assessment of the learning process)
Basic principles of microeconomics is the main prerequisite for this course.
1. Causes and Consequences of International Trade
a) Comparative Advantage with one factor of production
b) Comparative Advantage with two factors of production
c) Distribution of gains from trade between countries
d) Trade and within-country inequality
e) Trade with increasing returns
f) Implications for traditional trade models of new technologies and trade patterns (GVC)
g) The multinational firm
2. Trade Policy
a) Trade Policies
b) The political economy of trade policy
The course will be based on formal lectures, 6 hours per week.
Students will have the option to write a short essay on an agreed topic. The mark obtained by the essay will count as one-third of the final exam mark.
In general, the teaching will be mainly face-to-face, supplemented and "augmented" with online strategies to ensure its fruition innovatively and inclusively.
A written in-person examination with questions on main IT trade theories and policies (assessment of knowledge and understanding).
The use of a proper language represents another important element in the evaluation process (assessment of communication skills).
To determine the final grade the following elements will be considered:
- The proper use of the model
- The use of graphs
- The ability to explain through an intuitive language the solution
- The logic of the reasoning presented
The final grade is out of thirty. To achieve a maximum score in the written examination, the student must show that they have acquired an excellent knowledge of all the topics covered during the course. To pass the exam, the student must demonstrate that they have acquired sufficient knowledge of the subjects.
A ppt file with 100+ slides is available, covering all the topics included in the course in analytical detail.
To download the file, go to MS Teams and click "Unisciti a un team o creane uno". Enter the code arbctmc when required. This will allow you to join the "International Economics IM" team and access all the available teaching material.
International Economics: Theory and Policy
Paul R. Krugman, Maurice Obstfeld, Marc Melitz
ISBN-10: 0138018987 ISBN-13: 9780138018986
©2015 Prentice Hall
Ch.s 2 to 12
International Trade. Theory and evidence.
J R Markusen, J R Melvin, W H Kaempfer, K E Maskus
downloadable for free from:
As an alternative:
Fixing Globalisation: Time to Make it Work for All
Examples of questions similar to those you should expect for the final exam are present in our space in MS Teams. See above for instructions on how to access our team and the available teaching material.
OFFICE HOURS: Thursdays at 10:00 through the MS Teams platform, team "International Economics IM", channel "Lezioni".
The textbooks are also available in electronic form. On the website of the textbook, students can find additional material.