International Trade and Economic Development (2017/2018)

Course partially running (all years except the first)

Course code
Name of lecturers
Eugenio Peluso, Riccardo Fiorentini
Eugenio Peluso
Number of ECTS credits allocated
Academic sector
Language of instruction
Primo Semestre Magistrali dal Oct 2, 2017 al Dec 22, 2017.

Lesson timetable

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Learning outcomes

The course consists of two complementary parts. The first part (taught by prof. Peluso), addresses selected topics of development economics: the analysis of the determinants of growth, technological progress, productivity, the study of the distributive implications of growth and the accumulation of human capital. Dual development models and the agglomeration mechanisms are examined to explain the mobility choices of workers and firms and the effects of uncertainty on these choices. The effects of risk on economic and social development will be studied also by analyzing credit and insurance market. The second part of the course, taught by prof. Fiorentini, completes the analysis illustrating the recent evolution of the world economy with a special focus on regional integration processes and to the link between financial crisis, global imbalances and inequalities.
Invited lectures by foreign professors and experts from international organizations will enrich the course. The e-learning website will be available with copy of the lectures and of the recommended additional readings. Students aiming at working in firms and public companies active on international markets will be provided with useful tools for evaluating the economic opportunities offered by the various countries, both as potential markets as possible production sites. The students will become able to critically analyze and interpret the scenarios of countries operating at different stages of economic development. They will be also able to assess opportunities and risks of international markets in a context of growing integration.
The course will be taught in English


1. Overview of development experiences
2. Credit mkt and development
3. Insurance MKT and development
4. Economic growth and technological change
5. Endogenous growth, history and institutions
6. Inequality, poverty and social mobility
7. The dual model, international labor mobility and migration.
8. Urban agglomeration and New economic Geography
9. International trade, labour market and inequality.

10. Financial crisis, globalization, development and income inequalities
11. Regional integration in the world economy

R. Fiorentini e G. Montani (2012), The New Global Political Economy, Edward Elgar, ISBN 978-0-85793-404-8, capitoli 2,3,4
D. Ray: Development economics Princeton University Press, ISBN 0-691-01706-9, Chapters 2, 3,4,5,6,7,10.
Further readings will be suggested during the lectures

Reference books
Author Title Publisher Year ISBN Note
DEBRAJ RAY Development economics Princeton University Press 1998 0691017069 Chapters 2, 3, 4, 5, 6, 7, 10
R. Fiorentini and G. Montani The New Global Political Economy Edward Elgar 2012 978-0-85793-404-8 Chapters 2,3,4

Assessment methods and criteria

The exam is written and is evaluated from 0 and 30 points. It aims at assessing the knowledge of the main topics presented by the instructors. Students are required to understand ad manage the theoretical models presented during the course and also to show their ability to critically analyze and comment empirical research and reports published by major international research institutions (OECD, IMF, WB) to describe the economic scenario of single countries or to compare different countries. The weight of each part of the course on the final mark will be proportional to the respective credits.
Students (both attending and not-attending the lectures) are also invited to prepare a written essay on a relevant topic, agreed with the instructors and (possibly) presented to the class. This essay is optional and is assessed from 0 to 4 additional points, according to its originality, the difficulty of the subject and the student's ability in the written and oral presentation.