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

By the end of the course, students will:

1. have an ability to describe and analyse the main drivers of international trade
2. gain an understanding of the most important models of international trade
3. be able to discuss trade policy issues applying the theory to real-world questions
4. gain an ability to discuss, analysis and apply basic international monetary concepts

1. 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.

2. 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

https://www.pok.polimi.it/

A written exam at the end of the course amounting to 75% of the final mark, and a group project amounting to 25% 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.