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. be able to discuss trade policy issues applying the theory to real-world questions
2. analyse the basic welfare implications of a range of trade policies used by governments
3. gain an ability to discuss, analyse and apply basic international monetary concepts
4. understand what factors and mechanisms determine the foreign exchange rates
5. be able to discuss the link between price levels, output and exchange rates

This course discusses the economic relationships between countries, covering both trade policy and monetary issues. We will look at the impact of international trade policy, more specifically instruments of trade policy, political economy of trade policy, trade policy in developing countries and controversies in trade policy. The course will also cover topics on exchange rates and open-economy macroeconomics, including national income accounting and the balance of payments, exchange rates, interest rates, price levels and output.

Polimi Open Knowledge Moocs – Economics

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

Or undergraduate level introduction to economics /macroeconomics course.

Formal assessment (counting towards the final mark):

A written exam (online multiple-choice question) 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. The group project will consist of a short written analysis.

Informal assessment /feedback on progress (not counting towards the final mark):

-During practice sessions students will be working both in teams and individually, solving problem sets and engaging in discussions, on which they will occasionally receive oral feedback (not counting towards the final mark).

-Based on a random draw, some of the teams will provide a short presentation of their group project.

-There will be a mock exam where you can practice the final exam.