The course analyzes the fundamental elements of international economic theory and policy. The objective is to understand the behavior of the main economic variables at a global level, paying attention to the aspects of international trade and open-economy macroeconomics. International economic phenomena will be studied by taking into account theoretical and empirical perspectives. Issues pertaining to international trade and open macroeconomic policy formulation, and their consequences will be also addressed.
Lesson 1) Course introduction
Lesson 2) Why do nations trade? comparative andavange and gains from trade
Lesson 3) Comparative advantage and factor endownment: the standard trade model
Lesson 4) The product cycle model, Foreign Direct Investment, and migration
Lesson 5) Monopolistic competition, product differentiation and Intra Industry trade
Lesson 6) Trade policy I: tariffs in small and large open economies
Lesson 7) Trade policy II: quotas and other barriers to trade
Lesson 8) International trade standards: labour and environment
Lesson 9) The relationship between international trade and the environment
Lesson 10) Global Value Chains
Lesson 11) Automation, Artificial Intelligence and International trade
Lesson 12) Search and presentation of international trade data
Lesson 13) The Balanace of Payment
Lesson 14) Exchange rates regimes
Lesson 15) Search and presentation of international financial data
Lesson 16) Introduction to Open Economies Macroeconomics
Lesson 17) Optimal Currency Areas and the European Monetary Union
Lesson 18) International Financial Crises
Lesson 19) The Pandemics effect and the recent years
Lesson 20) Exam
