Aggiornato A.A. 2017-2018
International Economics Instructor: Prof. Luisa Corrado 30 hours The course offers a compendium between case-studies and the theory of international trade and international finance. Special attention will be devoted to issues that have attracted increasing attention in international economics. The course provides the theoretical background to understand and address the main issues in the international economic debate. The course objectives are complementary with potential students’ placement in international institutions (IMF, World Bank), Central Banks, Research Divisions etc. Topics in International Finance: Exchange Rate Regimes. Currency Crises. Financial Crises. Sovereign and Public Debt Crises. The Subprime Crisis. Liquidity, Banks Leverage and the Macroeconomics. Topics in International Trade: Comparative Advantages and the New Economic Geography. International Convergence and Growth. Topics in European Economics: European Income Inequality. Regional Convergence Clubs. The EU Growth Dilemma, Fiscal Compact and the Stability and Growth Pact. The EU Monetary and Fiscal Policy.
Prerequisites: Foundations in International Trade, International Monetary Economics and International Finance.
Course Website and Teaching Material (luisa.corrado@uniroma2.it) https://sites.google.com/site/luisacorrado/pro/international-economics
Subject learning objectives
Knowledge and Understanding
Knowledge of the main topics in international economics and international monetary economics; analysis of the exchange rate regimes, of the main rules governing the international financial markets, of the economic consequences of the international exchange rate crises, financial crises and sovereign debt crises.
Students have to understand the analytical models presented during the lectures and develop the capacity to analyse an economic problem and elaborate a policy solution. Students have to address the main economic issues in the light of the main theories in international economics and to develop their own original research ideas.
Applying Knowledge and Understanding
The course offers a compendium between case-studies and the theory of international trade and international finance. Special attention will be devoted to issues that have attracted increasing attention in international economics, especially the ongoing debate on globalization, growth and inequality and the implications of the large account (and public) deficits on the Euro/Dollar exchange rate.
We also cover more recent topics such as the theory of financial and currency crises and the recent US subprime crisis; we will focus in particular on the relationship between liquidity and banks’ leverage and its effect on macroeconomic risk and the business cycle.
The course will finally cover European Economy topics such as the analysis of the patterns of EU regional growth in the light of the New Economic Geography, the EU Growth Dilemma and the role of the Stability and Growth Pact and the interplay between the US Subprime and the European Sovereign Debt Crisis.
The course provides the theoretical background to understand and address the main issues in the international economic debate. This can be complementary with potential students’ placement in international institutions (IMF, World Bank), Central Banks, Research Divisions etc.
Making Judgements
Ability to understand the main topics issues in international economics and address them in order to inform policy. The notions acquired during the lectures can be used to assess in a critical way the policy making process in an international context.
Communication Skills
Ability to present the main economic ideas in international economics and the policy decision making process in a rigorous way to specialised and non-specialised audiences.
Learning Skills
At end of the course the students should have acquired the ability to analyse and assess in a critical way the main economic events in an international context. They are expected to be able to read and understand in a deep critical way the main articles and papers published in the area of international economics and international monetary economics and to be able to elaborate autonomously new research ideas.
Aggiornato A.A. 2017-2018
International Economics Instructor: Prof. Luisa Corrado 30 hours The course offers a compendium between case-studies and the theory of international trade and international finance. Special attention will be devoted to issues that have attracted increasing attention in international economics. The course provides the theoretical background to understand and address the main issues in the international economic debate. The course objectives are complementary with potential students’ placement in international institutions (IMF, World Bank), Central Banks, Research Divisions etc. Topics in International Finance: Exchange Rate Regimes. Currency Crises. Financial Crises. Sovereign and Public Debt Crises. The Subprime Crisis. Liquidity, Banks Leverage and the Macroeconomics. Topics in International Trade: Comparative Advantages and the New Economic Geography. International Convergence and Growth. Topics in European Economics: European Income Inequality. Regional Convergence Clubs. The EU Growth Dilemma, Fiscal Compact and the Stability and Growth Pact. The EU Monetary and Fiscal Policy.
Prerequisites: Foundations in International Trade, International Monetary Economics and International Finance.
Course Website and Teaching Material (luisa.corrado@uniroma2.it) https://sites.google.com/site/luisacorrado/pro/international-economics
Subject learning objectives
Knowledge and Understanding
Knowledge of the main topics in international economics and international monetary economics; analysis of the exchange rate regimes, of the main rules governing the international financial markets, of the economic consequences of the international exchange rate crises, financial crises and sovereign debt crises.
Students have to understand the analytical models presented during the lectures and develop the capacity to analyse an economic problem and elaborate a policy solution. Students have to address the main economic issues in the light of the main theories in international economics and to develop their own original research ideas.
Applying Knowledge and Understanding
The course offers a compendium between case-studies and the theory of international trade and international finance. Special attention will be devoted to issues that have attracted increasing attention in international economics, especially the ongoing debate on globalization, growth and inequality and the implications of the large account (and public) deficits on the Euro/Dollar exchange rate.
We also cover more recent topics such as the theory of financial and currency crises and the recent US subprime crisis; we will focus in particular on the relationship between liquidity and banks’ leverage and its effect on macroeconomic risk and the business cycle.
The course will finally cover European Economy topics such as the analysis of the patterns of EU regional growth in the light of the New Economic Geography, the EU Growth Dilemma and the role of the Stability and Growth Pact and the interplay between the US Subprime and the European Sovereign Debt Crisis.
The course provides the theoretical background to understand and address the main issues in the international economic debate. This can be complementary with potential students’ placement in international institutions (IMF, World Bank), Central Banks, Research Divisions etc.
Making Judgements
Ability to understand the main topics issues in international economics and address them in order to inform policy. The notions acquired during the lectures can be used to assess in a critical way the policy making process in an international context.
Communication Skills
Ability to present the main economic ideas in international economics and the policy decision making process in a rigorous way to specialised and non-specialised audiences.
Learning Skills
At end of the course the students should have acquired the ability to analyse and assess in a critical way the main economic events in an international context. They are expected to be able to read and understand in a deep critical way the main articles and papers published in the area of international economics and international monetary economics and to be able to elaborate autonomously new research ideas.
Prof.ssa Lucia Leonelli
