INTERNATIONAL ECONOMICS AND MANAGEMENT

Adalgiso AMENDOLA INTERNATIONAL ECONOMICS AND MANAGEMENT

0222200056
DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
EQF7
ECONOMICS
2020/2021

OBBLIGATORIO
YEAR OF COURSE 2
YEAR OF DIDACTIC SYSTEM 2018
PRIMO SEMESTRE
CFUHOURSACTIVITY
1060LESSONS
Objectives
THE COURSE ADDRESSES THE BALANCE OF PAYMENT AND EXCHANGE RATES DETERMINANTS, AND, USING MACROECONOMIC MODELS, THE OPERATION OF THE ECONOMIC POLICY INSTRUMENTS IN THE OPEN ECONOMY. SPECIFIC ISSUES WILL BE: INTERNATIONAL MONETARY SYSTEM EVOLUTION, INTERNATIONAL FINANCE AND GLOBALIZATION PROBLEMS AND GOVERNANCE AND EUROPEAN MONETARY UNION.
KNOWLEDGE AND UNDERSTANDING: THE STUDENT AT THE END OF THE COURSE: (I) WILL BE AWARE OF THE WORKING OF CURRENCY MARKETS AND OF THE DIFFERENT FACTORS THAT INFLUENCE SHORT- AND LONG-TERM EXCHANGE RATES; (II) WILL HAVE ACQUIRED THE THEORETICAL TOOLS OF INTERNATIONAL MACROECONOMICS AND THE KNOWLEDGE OF HOW TO MANAGE ECONOMIC POLICY IN INTERNATIONAL ENVIRONMENTS; (III) WILL BE AWARE OF THE OPERATION AND GOVERNANCE OF INTERNATIONAL MONETARY SYSTEM AND WILL HAVE KNOWLEDGE OF THE PROBLEMS RELATED WITH FINANCIAL GLOBALIZATION.
CAPACITY TO APPLY KNOWLEDGE AND UNDERSTANDING: THE STUDENT AT THE END OF THE COURSE WILL BE ABLE TO: (I) ANALYSE INDEPENDENTLY THE MAIN INTERNATIONAL MACROECONOMIC ISSUES; (II) ASSESS THE EFFECTIVENESS OF THE DIFFERENT ECONOMIC POLICY INSTRUMENTS IN THE CONTEXT OF DIFFERENT EXCHANGE RATE REGIMES; (III) CRITICALLY INTERPRET ANALYSES AND REPORTS ON WORLD FINANCIAL MARKETS PRODUCED BY THE MAJOR INTERNATIONAL BODIES (IMF, OECD, WORLD BANK, WTO, ETC.); (IV) EXPLAIN CAUSES AND CONSEQUENCES OF INTERNATIONAL FINANCIAL CRISES; (V) CONSCIOUSLY DISCUSS PROPOSALS CONCERNING : EXCHANGE RATE POLICIES, ESTABLISHMENT AND MANAGEMENT OF CURRENCY AREAS, FUNCTIONING AND GOVERNANCE OF THE INTERNATIONAL MONETARY SYSTEM.

Prerequisites
BASIC KNOWLWDGE OF MACROECONOMICS AND ECONOMIC POLICY
Contents
BALANCE OF PAYMENTS, CURRENCY MARKETS AND EXCHANGE RATE; (2) NATIONAL ACCOUNTING: THE MULTIPLIER AND THE FOREIGN ACCOUNT CONSTRAINT, (3) EQUILIBRIUM AND ECONOMIC POLICY IN AN OPEN ECONOMY (4) DEMAND SIDE AND SUPPLY SIDE POLICIES IN AN OPEN ECONOMY; (5) DETERMINING THE EQUILIBRIUM EXCHANGE RATE; (6) FROM SHORT TO LONG TERM: THE RISK OF CRISIS; (7) THE INTERNATIONAL MONETARY SYSTEM AND ITS EVOLUTION; (8) THE GLOBAL FINANCIAL CRISIS AND ITS EFFECTS; (9) CURRENT PROBLEMS AND POLICIES; (19) THE COVID-19 ECONOMIC IMPACT.

Teaching Methods
LECTURES: THEORETICAL LECTURES, ALSO WITH THE HELP OF SLIDES
SEMINARS: ANALYSIS AND DISCUSSION WITH INVITED GUESTS
TUTORIALS: CASE STUDIES AND REPORTING WITH THE ACTIVE PARTICIPATION OF STUDENTS
Verification of learning
TEAM REPORT OR ESSAY 30%
FINAL RESULT OF A TEAM WORKING ACTIVITY ON A SINGLE TOPIC COVERED IN SEMINARS OR CLASSES, IT WILL CONSIST IN A REPORT OR A SHORT ESSAY THAT WILL BE PRESENTED IN CLASS. BY FAVORING THE ATTITUDE TO TEAM WORKING IT WILL EVALUATE AUTONOMY OF JUDGMENT AND COMMUNICATION SKILLS OF THE STUDENTS AS DECLINED IN THE SECTION “EXPECTED LEARNING RESULTS”

WRITTEN EXAM 40%
STRUCTURED IN TWO SECTIONS: A MULTIPLE CHOICES QUESTIONS AND AN OPEN QUESTIONS ON THE ISSUES COVERED IN THE COURSE. IT CHECKS THE KNOWLEDGE OFTHE TOPICS COVERED IN THE COURSE. THE SECTION OF OPEN QUESTIONS WILL VERIFY IN PARTICULAR THE ABILITY OF APPLYING KNOWLEGE TO SPECIFIC TOPICS. ENTER THE ORAL EXAMS STUDENT WHO PASS THE WRITTEN ONE WHIT A MINIMUM OF 18/30.

ORAL EXAM 30%
IT REFERS TO THE SOME TOPICS OF THE WRITTEN EXAM AND EVALUATES THE KNOWLEDGE AND THE ABILITY OF ARGUMENTATION ON THEM.

THE FINAL SCORE WILL BE A WEIGHTED AVERAGE OF THE SCORES OBTAINED IN THE THREE TESTS.
Texts
KRUGMAN, P.R. - OBSFIELD, M. – MELITZ, M.J. (2018), INTERNATIONAL FINANCE. GLOBAL EDITION, PEARSON, CHAPT. 1-10, (PP.1-450)

OR

ROB FEENSTRA, ALAN TAYLOR, INTERNATIONAL MACROECONOMICS (4TH EDITION), MC MILLAN.

DE GRAWE, P. (2018) ECONOMICS OF MONETARY UNION, OXFORD UNIVERSITY PRESS, OXFORD.

A READING LIST AND OTHER LEARNING MATERIALS WILL BE AVAILABLE ON-LINE
More Information
FURTHER BIBLIOGRAPHIC REFERENCES AND TRAINING MATERIALS WILL BE AVAILABLE ON-LINE
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