INTERNATIONAL ECONOMICS

Single discipline educational activity

Course Sheet

Course code:

000149L

Academic Year of enrolment:

2022

Year of supply:

2022/2023

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in ECONOMICS AND COMMERCE

Disciplinary Sector:

Political Economy

Language:

Italian

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

DEL GATTO Massimo

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

Basic knowledge of macroeconomics and microeconomics.

Objectives

The formative objective for the student consists of achieving the following learning outcomes.

Knowledge and understanding.
The course aims at providing the tools of economic analysis for the understanding of international markets’ dynamics, with a focus on trade in goods and services and FDI. The graduate must know the international economic dynamics at both the micro and the macro level and must know the most appropriate methods and tools of analysis.

Applying knowledge and understanding.
The course aims to transfer to the student the ability to critically interpret international (micro and macro) economic dynamics adopting a scientific and, at the same time, practical approach.

Contents

The course analyzes the link between the causes and symptoms of the economic process of globalization from the point of view of real markets, with particular attention to issues related to trade in goods and services, costs and benefits of free trade, costs and benefits of protectionism.
Traditional theories are discussed, based on perfect competition, as well as “New Trade Thoery”, “New New Trade Theory” and “New Economic Geography”, which depart from the perfect competition hypothesis.
The internationalization choices operated by multinational enterprises are also addressed.
A "theory-based" empirical analysis laboratory will take place, dedicated to "Gravity Models", in which the ability on statistical software will be improved.

Extended Syllabus

- Waves of globalization: similarities and differences
- The fall in communication costs
- Global markets and trade flows: long-term trends
- International trade: technology and comparative advantages
- International trade: factor endowments
- Trade policy with competitive markets
- Trade and trade policy with imperfect competition
- New Trade theory
- New New Trade Theory
- New Economic Geography
- Global markets and foreign direct investment: long-term trends
- Opening of markets and flows of foreign direct investments
- Multinational enterprises and intra-firm trade: long-term trends
- Open economies and choices of outsourcing and offshoring
- Global value chains: long-term trends
- MNE theory and formation of global value chains.
- Productivity, technology and competitiveness: from the company to sectors and countries. Basic concepts and measurement issues
- From small to big data: the effects of the increased availability of information on the analysis of markets and the internationalization of firms

Recommended Bibliography

- lecture notes (slides), references to scientific articles and book chapters will be provided during the course;
- Massimo Del Gatto, Trends di Economia Internazionale, Globalizzazione, investimenti e commercio estero. Rubbettino Editore, 2018
- Giuseppe De Arcangelis, Economia Internazionale, McGraw-Hill, ultima edizione (parte I e parte II);
- P. Krugman, M. Obstfeld, M. Melitz, International Economics: Theory and Policy, Pearson Ed., ultima edizione;
- Dominick Salvatore, Economia Internazionale, vol.1 (commercio internazionale), Zanichelli, ultima edizione
- Giorgio Barba Navaretti e Anthony J. Venables, Le multinazionali nell’economia mondiale, Il Mulino
- Ottaviano Gianmarco (2019). Geografia economica dell’Europa sovranista. Editore Gius.Laterza & Figli

Methods of Provision

Conventional

Teaching Methods

Traditional classes, practices with ad hoc software, assignments

Evaluation methods

Verification of learning:

The verification of the learning outcomes will be carried out through a written and oral examination. In particular:

Knowledge and ability to understand
The verification of knowledge and comprehension skills will be carried out through a written and an oral examination that will cover the whole program with particular attention to the theoretical part and to the critical interpretation of graphs and tables.

Ability to apply knowledge and understanding
The ability to apply knowledge and understanding will be evaluated through the participation at a “theory-based” laboratory of empirical analysis; the output of the laboratory will consist of a presentation aimed at assessing the students’ ability to analyse in person (and possibly in team) the international economic dynamics.

The score of the exam is assigned by a vote expressed in thirtieths. The final grade will be an average of the written-oral exam (weight 70%) and the dissertation (weight 30%).

Contacts/More Information

Seminars and laboratories given by external scholars will be part of the course.

Office hours: Thursday, 10am (to be agreed by email).

E-mail: m.delgatto@unich.it

Course web page: http://docenti.unich.it/delgatto/delgatto_web/teaching/intecon_pe/inteco...

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree