International Economics (2017/2018)

Learning outcomes

Aim of the course is to give students the knowledge of recent international trade theories based on technological progress and imperfect competition.
The course will also analyze the role of international economic institutions such as the International Monetary Fund (IMF) and the World Trade Organization (WTO)
Recent dynamics of international trade will be discussed in seminars in which students shall presents short papers.
Upon completion of the course, students will be able to understand the dynamics of international trade and to use the main international dataset in order to evaluate its impact on domestic welfare.
The course will be taught in English language

Comparative advantages and international trade;
The Heckscher-Ohlina theory of international trade;
Limits of neo-classical theory of international trade;
The Leontieff Paradox and empirical tests of the Heckscher-Ohlin theory;
Technical change and international trade: the neo-technological approach;
Imperfect competition and intra-industry trade;
International trade, tariffs and protectionism;
The role of WTO in the world economy.

Textbooks:

J. Borkakoti, International Trade, MacMillan, chapters: 6 (from 6.1 to 6.4) 8,10,11, 13,16,17,21,22,24,25 (from 25.1 to 25.4),26,29 (paragraphs 29.1, 29.2,29.3,29.4,29.6 only);

The teacher will suggest additional readings during the course. The course shall use the e-learning platform.

The exam is written and lasts two hours. It consists in four "open" questions on the topics discussed during the course ranging from economic models to empirical evidence on the theories explained in classroom lessons.
Short papers written and presented in classromm by students shall contribuite to the final mark up to two additional point on the mark obtained with the written exam.

STUDENT MODULE EVALUATION - 2017/2018