The course analyzes the nexus among the causes and the effects of the ongoing globalization process from the point of view of international economics, highlighting the main challenges and opportunities faced by workers, firms and governments. Its aim is providing a broad perspective interconnecting historical processes with contemporary questions on the future of the world economy. Specifically, the course addresses the following questions. What are the historical roots of globalization? How do we explain global imbalances and the underlying financial flows? What are the gains from trade and why do countries trade among themselves? Why is protectionism a cost and why we have multilateral trading regulations? Who benefits and who loses out from globalization? Lectures will develop and liaise several methodological approaches and levels of analysis: present day events; economic theory; empirical investigations. Students will also learn some key methodological tools like the balance of payment and the welfare analysis of trade policy.
The economics of globalization I
The first module analyzes the process of globalization from an historical perspective, focusing then on financial globalization and economic imbalances.
The economics of globalization I
The first module analyzes the process of globalization from an historical perspective, focusing then on financial globalization and economic imbalances.
teacher profile teaching materials
• historical perspectives and stylized facts on past and present globalizations
• global imbalances
A more challanging alternative is: Krugman, P. R., M. Obstfeld, and M. Melitz (2015), X edition, International Economics. Theory and Policy, Addison Wesley.
Chapters of the textbooks to be covered and additional readings will be assigned before each class.
Programme
The course will cover the basic principles of internationa economics: international trade in goods, international financial flows, migrations. In particular, it will cover the following topics:• historical perspectives and stylized facts on past and present globalizations
• global imbalances
Core Documentation
The basic background textbook is: Pugel, T., International Economics, XVIth edition, McGraw-Hill, 2016.A more challanging alternative is: Krugman, P. R., M. Obstfeld, and M. Melitz (2015), X edition, International Economics. Theory and Policy, Addison Wesley.
Chapters of the textbooks to be covered and additional readings will be assigned before each class.
Type of delivery of the course
The course requires active participatins in class. Students will have to read the material assigned for each class and be ready to report on its content – including “cold call” questioning – and engage in class discussions. They will also be required to write short memos on specific issues. Student responsibilities include: • attending class; • being punctual at the beginning of class; • taking notes during class; • speaking in class and asking questions as appropriate; • meeting with the professor to discuss any difficulty possibly encountered during the course.Type of evaluation
Final grades will be based, in equal proportions, on: • participation in class; • briefs and other written work; • final, written exam.