- Docente: Tommaso Sonno
- Credits: 8
- SSD: SECS-P/01
- Language: English
- Moduli: Tommaso Sonno (Modulo 1) Tommaso Sonno (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Bologna
- Corso: First cycle degree programme (L) in Economics and Finance (cod. 8835)
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from Feb 11, 2025 to Mar 18, 2025
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from Apr 15, 2025 to May 21, 2025
Learning outcomes
The students learn to interpret and understand the process of globalization from the viewpoint of international trade in goods and services and factor movements. They learn the causes and consequences of international trade, the effects of trade policies, the causes of international factor movement and multinational operations, and the role of the World Trade Organization. Upon completing the course students will have acquired an empirical and theoretical understanding of the complex issues raised by the economic interdependence of nations and to analyze them in a systematic way.
Course contents
The course initially focuses on international trade theory and policy, addressing classic questions such as: who trades what with whom? What are the effects of trade on welfare and income distribution? How do micro-aspects influence international trade? The course explores these questions through the lenses of both classical and new trade theories. This theoretical journey concludes with an overview of recent research on the role of heterogeneous firms in international trade. Subsequently, the course applies these models to examine various aspects of globalization, including the role and impact of multinational companies in developed and developing countries, migration, and protectionism.
Readings/Bibliography
Krugman, P., M. Obstfeld, and Marc Melitz: "International Economics: Theory and Policy", 11th edition. Pearson Eds. Additional materials will be distributed in class.
Teaching methods
The course will include lectures and exercises led by the instructor, along with discussions of real-life cases involving trade, migration, and multinationals. Students will also work in groups to produce presentations based on recent journal articles and op-eds.
Assessment methods
The final grade will be based on a written exam, along with essays and team projects.
The grading scale is as follows:
<18: Insufficient
18-23: Sufficient
24-27: Average/Good
28-29: Very Good
30: Excellent
30 cum laude: Outstanding
Teaching tools
Slides based on the textbook and relevant articles will be made available on Virtuale.
Office hours
See the website of Tommaso Sonno
SDGs
This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.