Ing Ind - Inf (Mag.)(ord. 270) - BV (479) MANAGEMENT ENGINEERING - INGEGNERIA GESTIONALE
097374 - INTERNATIONAL MARKETS AND EUROPEAN INSTITUTIONS
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 to 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
Design solutions applying a scientific and engineering approach (Analysis, Learning, Reasoning, and Modeling capability deriving from a solid and rigorous multidisciplinary background) to face problems and opportunities in a business and industrial environment
Interact in a professional, responsible, effective and constructive way in a working environment, also motivating group members
Risultati di apprendimento attesi
The course will allow students to:
1) understand the functioning of international markets and of the main international institutions;
2) know how changes in the regulations and institutions affect business decision making in an international environment;
3) analyse the international environment to develop adequate solutions to internationalization challenges and opportunities;
4) discuss issues and solutions in international teams.
1. Introduction to international markets and the role of international institutions.
Market failures and externalities in international markets.
The role of institutions as public goods.
2. Macroeconomic analysis of the interdependencies between countries
Balance of payments and international transmission of policies and shocks
Economic growth , development and market imperfections
The role of the IMF and World Bank
3. Microeconomic analysis of the interdependencies between countries and the effects of trade liberalization and market integration
Problems with market access and risks in foreign markets
Effects of international openness and the elimination of barriers to markets
Economic policies of integration and protectionism in manufacturing and services
4. The role of the WTO and multilateral agreements between countries
Multilateral agreements on international trade
Current functions of the WTO: trade integration, international rules on market access and intellectual property protection.
The ongoing negotiations within the WTO
5. The basics of the EU integration process
Short history of the EU
From the custom union to the single market
The enlargements and their implications
EU actors: the community institutions and the national powers
6. Why integrating? Economics of preferential liberalization and regional integration
Forms of preferential liberalization
Costs and benefits of preferential agreements between countries: static and dynamic effects of preferential liberalization
7. The European Union integration: rules and policies of the Single Market The main EU policies for the creation and functioning of the Single Market EU enlargements and regional policies
8. The European Union monetary integration
The rational of the creation of the single currency
Monetary integration and the Eurozone fiscal and monetary policies
Financial markets integration
9. Recent evolution and the future of the EU
Knowledge of basic economics principles is strongly suggested to fully benefit from the course. Especially students that did not take a course in Economics in their undergraduate studies, are strongly adviced to take the online course "Fundamentals of Economcis" available on the Politecnico website https://www.pok.polimi.it/courses/course-v1:Polimi+ECON101+2019_M5/about
Modalità di valutazione
The final evaluation will be in two parts:
a) there will be a final written test on the topics covered in class, which will count 60% of the final grade, aiming to verify the acquired knowledge on the functioning of international markets and the role of international institutions (intended learning outcomes 1 and 2).
b) the remaining 40% of the grade will be given on a presentation to be done in class by groups of students on one of the topics of the course, agreed with the instructor, chosen with reference to real world cases and situations (intended learning outcomes 3 and 4).
Non-attending students will be required to prepare a written essay to replace the class presentation. The essay will have similar characteristics to the class presentation and it must be turned in before taking the final test.
R. Baldwin and C. Wyplosz, The economics of European integration, Editore: McGraw-Hill, Anno edizione: 2015, ISBN: 978-0-0771-6965-7
World Trade Organization, World Trade Report 2011, The WTO and preferential trade agreements: from co-existence to coherence, Anno edizione: 2011
Addition readings from the EU website and from websites of other international institutionshttps://europa.eu/european-union/about-eu_en
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