Two - Year Master Degree in Economics

The goal of the course is to familiarize the student with the defintion of the balance of payments and the theory of the determination of the current account, the workings of the foreign exchange market, the determination of the macroeconomic equilibrium in an open economy under different exchange rate regimes and the features of monetary unions with reference to the Euro case.

The student is expected to acquire the knowledge and reasoning tools needed to critically evaluate the current working of the international macroeconomy and to evaluate macroeconomic policies in the context of the open economy.

1) The balance of payments

2) The theory of the determination of the current account

3) Goods markets integration and the determination of the real exchange rate

3) Capital markets integration and the determination of the Exchange Rates

4) Output, Exchange Rates, and Macroeconomic Policies

8) Fixed versus Floating: International Monetary Experience

9) The Euro

 

Guest lectures

 

Thursday, April 18th, 2024

Luca Dedola, Senior adviser at the research division of the European Central Bank will persent the lecture:

 

"Relative prices and international transmission in the workhorse two-goods, two-country open economy model with intratemporal and intertemporal trade"

 

The lecture is open to anyone and will be recorded and uploaded on ESOMAS and SME social networks

 

 

Course delivery will be through formal theory classes. Problem sets are assigned and the correction presented later in practice classes.

The exam will be written. It is about one hour long and consists of a mixture of problems and short questions

Articles or part of other books may e suggested during the course as the need arises