- Docente: Guglielmo Barone
- Credits: 8
- SSD: SECS-P/01
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Forli
- Corso: Second cycle degree programme (LM) in International relations and diplomatic affairs (cod. 6058)
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from Feb 18, 2025 to May 09, 2025
Learning outcomes
The course is designed to provide some basic theoretical tools for students who have not taken International Economics in their first degree. The course focuses on the reasons that explain trade patterns between countries and the gains and losses from trade. The main instruments of trade policy are analysed, the costs and benefits of protectionist trade policies are assessed, and the political economy of trade policy is discussed. A thorough review of microeconomic theories of the consumer and the firm is strongly recommended before the course.
Course contents
Introduction: GDP, expenditure and trade balance
Long and short run models of equilibrium in closed and open economies
Theories of international trade: the Ricardian model, the specific factor model, the Heckscher-Ohlin model
Readings/Bibliography
Lecture notes at the Virtuale online platform
Gregory Mankiw and Mark Taylor, "Macroeconomics", 2° Edition, European Edition, Macmillan, 2014
Paul R. Krugman, Maurice Obsfeld and Marc Melitz, "International Economics: Theory and Policy", Pearson Education, 2022Teaching methods
Frontal lectures, discussions, and exercises
Assessment methods
Written exam.
The maximum possible score is 30 cum laude. The grade is graduated as follows:
<18 failed
18-23 sufficient
24-27 good
28-30 very good
30 cum laude excellent
Teaching tools
Slide and other materials
Office hours
See the website of Guglielmo Barone
SDGs
This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.