Ing Ind - Inf (Mag.)(ord. 270) - BV (479) MANAGEMENT ENGINEERING - INGEGNERIA GESTIONALE
097367 - INTERNATIONAL ECONOMICS
SELECT UP TO MAXIMUM 3 GOALS AMONG THE FOLLOWING 5, DELETING THOSE NOT PRIOR FOR THIS SPECIFIC COURSE
The course fits into the overall program curriculum pursuing some of the defined general learning goals.In particular, the course contributes the development of the following capabilities:
Understand context, functions, processes in a business and industrial environment and the impact of those factors on business performance
Develop new ideas and solutions in business and industrial scenarios evolving over time
Interact in a professional, responsible, effective and constructive way in a working environment, also motivating group members
Risultati di apprendimento attesi
By the end of the course, students will:
have an ability to describe and analyse the main drivers of international trade
gain an understanding of the most important models of international trade
be able to discuss trade policy issues applying the theory to real-world questions
have the ability to apply tools learned during the course to analyse and discuss the welfare effects of various trade policies
gain an ability to discuss, analysis and apply basic international monetary concepts
Trade aspects of international economics:
-The first part covers international trade theory including an overview of world trade, the Ricardian model, specific factors and income distribution, the Heckscher-Ohlin Model, standard trade model, external economies of scale, and firms.
-The second part in international economics covers topics related to international trade policy, more specifically instruments of trade policy, political economy of trade policy, trade policy in developing countries and controversies in trade policy.
Monetary aspects of international economics
-The first part covers topics on exchange rates and open-economy macroeconomics, including national income accounting and the balance of payments, exchange rates and the foreign exchange market, interest rates and exchange rates, price levels and the exchange rate in the long run, output and the exchange rate in the short run, fixed exchange rates and foreign exchange intervention.
-The second part covers international macroeconomic policy, more specifically, a historical overview of the international monetary systems, optimum currency areas, financial globalization.
Polimi Open Knowledge Moocs – Economics
Modalità di valutazione
A written exam at the end of the course amounting to 90% of the final mark, and a group project amounting to 10% of the final mark. In the group project, students will get equal marks, unless they specify who contributed to which part of the group project.
Krugman P., M. Obstfeld and M. J. Melitz, International Economics: Theory and Policy, Editore: Pearson International Edition, Anno edizione: 2015, ISBN: 978-0133423648
Tipo Forma Didattica
Ore di attività svolte in aula
Ore di studio autonome
Laboratorio Di Progetto
Informazioni in lingua inglese a supporto dell'internazionalizzazione
Insegnamento erogato in lingua
Disponibilità di materiale didattico/slides in lingua inglese
Disponibilità di libri di testo/bibliografia in lingua inglese
Possibilità di sostenere l'esame in lingua inglese
Disponibilità di supporto didattico in lingua inglese