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Course 2014-2015 a.y.

20501 - TOPICS IN INTERNATIONAL ECONOMICS


CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Department of Economics

Course taught in English


Go to class group/s: 31

CLMG (6 credits - I sem. - OP  |  SECS-P/01) - M (6 credits - I sem. - OP  |  SECS-P/01) - IM (6 credits - I sem. - OP  |  SECS-P/01) - MM (6 credits - I sem. - OP  |  SECS-P/01) - AFC (6 credits - I sem. - OP  |  SECS-P/01) - CLAPI (6 credits - I sem. - OP  |  SECS-P/01) - CLEFIN-FINANCE (6 credits - I sem. - OP  |  SECS-P/01) - CLELI (6 credits - I sem. - OP  |  SECS-P/01) - ACME (6 credits - I sem. - OP  |  SECS-P/01) - DES-ESS (6 credits - I sem. - OP  |  SECS-P/01) - EMIT (6 credits - I sem. - OP  |  SECS-P/01)
Course Director:
FRANCO BRUNI

Classes: 31 (I sem.)
Instructors:
Class 31: FRANCO BRUNI


Course Objectives
Trade theory and international macroeconomics are currently dealing with the new issues emerged with globalisation and, more recently, with the global financial and economic crisis. The course selects specific topics relevant for theoretical research and policy making. Developments in trade patterns and trade policies are illustrated, which characterise the globalisation process and challenge the macro views of global markets and of the efforts to deal with their weaknesses and complexities by firms and policymakers. International capital markets are also discussed, looking at the consequences of their integration and with special attention to the single market in financial services which is being built in Europe. Exchange rate policies (and European monetary unification) are looked at both for their impact on trade competitiveness and for their implications for the efficiency of the financial industry and financial stability.

Course Content Summary
  • Trade patterns and international organization of production.
    • From comparative advantage in goods to comparative advantage in parts and tasks.
    • The debate on international outsourcing: gains from trade and redistribution effects of international outsourcing.
    • Global value chains and international organization of production: outsourcing and foreign direct investments.
    • Measurement and empirical evidence on international outsourcing.
  • Trade policy in the 21st century.
    • Trade policy in presence of global value chains.
    • Multilateral vs preferential liberalization and trade agreements.
    • Trade policy and growth in advanced and emerging countries.
  • Exchange rates, capital flows and international monetary policy coordination.
    • Patterns in financial globalisation.
    • Instability and crises.
    • A new need for a global coordination of monetary policies? Theory and policy discussions.
  • A single market for financial services in Europe: financial segmentation vs banking union.
    • From one market, one money to a unified banking system to support monetary unification.
    • Coming developments and potential consequences of the banking union.

Detailed Description of Assessment Methods
Assessment methods will be communicated at the beginning of the course.

Textbooks
 Readings available at the beginning of the course.
Last change 08/07/2014 11:59