• Knowledge and understanding: Acquire knowledge of international trade models, evaluating their significance and implications. Develop an understanding of the key aspects of international economic relations and monetary dynamics. • Applying knowledge and understanding: Students will be able to apply the main tools and methods of the discipline with critic curiosity and capacity of tracing the links among different areas of the discipline. They will also be able to collect and interpret relevant data with particular reference (but not only) to the specific discipline. • Making judgements: Students will be able to formulate their critical judgments on typical problems of the discipline, with particular reference to topics discussed in current international economic policy debates. • Communication skills: Students will be able to communicate information, themes and topics related to the discipline to an academic and professional public.

Students should have Knowledge of Micro- and Macroeconomics.

The course is divided into two parts. The first part focuses on the models of trade. The second part deals with issues of international monetary economics.

Krugman, Obstfeld and Melitz, Economia internazionale: Teoria e Polica, Pearson, 11th edition, 2018. Additional references: Gandolfo Giancarlo, Economia Internazionale, Springer 2nd edition, 2014. Dominick Salvatore, Economia internazionale, Zanichelli Editore. Additional material will be provided during the course, in Moodle2.

The first part focuses on the following topics: labor productivity and comparative advantage: the Ricardian model; resources and trade: the Heckscher-Ohlin model; the general model of international trade; Trade policy. The second part deals with international monetary economics topics such as: balance of payments, exchange rates, goods and asset markets, international monetary systems.

Lectures.

The attendance is mandatory. Teaching materials and other information are available in Moodle2.

The assessment will be based on a final written exam. The written exam is based on open questions. Students are required to have mathematical, graphical and analytical skills. Grades are awarded on a 30-point scale.

This course explores topics closely related to one or more goals of the United Nations 2030 Agenda for Sustainable Development (SDGs)