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TOPICS IN INTERNATIONAL ECONOMICS
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TOPICS IN INTERNATIONAL ECONOMICS
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Academic year 2021/2022
- Course ID
- SEM0093
- Teacher
- Claudio Giovanni Campanale (Lecturer)
- Year
- 2nd year
- Teaching period
- Second semester
- Type
- Related or integrative
- Credits/Recognition
- 6
- Course disciplinary sector (SSD)
- SECS-P/01 - economia politica
- Delivery
- Formal authority
- Language
- English
- Attendance
- Optional
- Type of examination
- Written
- Prerequisites
- A good knowledge of macroeconomics and microeconomics as it is studied in the 3-year degree is needed to follow the class.
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Sommario del corso
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Course objectives
The goal of the course is to familiarize the student with 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.- Oggetto:
Results of learning outcomes
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.- Oggetto:
Course delivery
[[english]Course delivery will be through formal theory and practice lessons.
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Learning assessment methods
Given the health emergency the assessment will be through a final oral examination in video conference until further notice- Oggetto:
Program
1) The Global Macroeconomics2) Introduction to Exchange Rates and the Foreign Exchange Market
3) Exchange Rates I: The Monetary Approach
4) Exchange Rates II: The Asset Approach in the Short Run
5) National and International Accounts: Income, Wealth, and the Balance of Payments
6) Balance of Payments I: The Gains from Financial Globalization
7) Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
8) Fixed versus Floating: International Monetary Experience
9) Exchange Rate Crises: How Pegs Work and How They Break
10) The Euro
Suggested readings and bibliography
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We will also use parts of the draft book "International macroeconomics" by Schmitt-Grohé, Uribe and Woodford available on the internet on the first author websites.
- Articles or part of other books may e suggested during the course as the need arises
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