- Oggetto:
INTERNATIONAL MACROECONOMICS
- Oggetto:
INTERNATIONAL MACROECONOMICS
- Oggetto:
Academic year 2024/2025
- Course ID
- SEM0195
- 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 - economics
- Delivery
- Formal authority
- Language
- English
- Attendance
- Optional
- Type of examination
- Written
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Sommario del corso
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News
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Course objectives
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 real exchange rate and its determinants, the workings of the foreign exchange market and the determination of the macroeconomic equilibrium in an open economy under different exchange rate regimes.
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Results of learning outcomes
Knowledge and understanding: The student will learn the main concepts related to the working of open economy macroeconomics and the theories that economists have developed to understand their determination
Applying knowledge and understanding: The concepts will be applied to interpret a number of recent (mostly post 1990’) significant developments/episodes ocurred in the world economy
Making judgments: The students will learn how to make sound reasonings to use data to check the validity of the theories developed and how to use the theories to check the validity of statements related to the working of the global economy found in the economic/financial press
Communications skills: The student is required to learn how to expose clearly and concisely the economic concepts presented in the course
Learning skills: The student is expected to become familiar with the reasoning behind micro-founded macroeconomics which is a basic conceptual approach to study further macroeconomics coureses at a more advanced level he/she may find later in his/her career
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Program
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
4) Capital markets integration, the nominal exchange rate and asset pricing in an open economy
5) Output, Exchange Rates, and Macroeconomic Policies
6) Fixed versus Floating: International Monetary Experience
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Course delivery
Course delivery will be through formal theory classes. Problem sets are assigned and the correction presented later in practice classes.
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Learning assessment methods
The exam will be written. It is about one hour and a half long and consists of a mixture of problems and short questions
Suggested readings and bibliography
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- Book
- Title:
- International macroeconomics. A modern approach
- Year of publication:
- 2022
- Publisher:
- Princeton university press
- Author:
- Schmitt-Grohé, Uribe, Woodford
- ISBN
- Required:
- Yes
- Oggetto:
Feenstra, Taylor, "International macroeconomics", 2017 (4th international edition), Pearson
(This book is more elementary than the level of the course but may be useful as complementary reading especially if you have never been exposed to international macroeconomics as taught for example in macroeconomics courses before)
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