SP/0071 - ECONOMICS OF GLOBALIZATION
Anno Accademico 2021/2022
ANNA MARIA PINNA (Tit.)
- Secondo Semestre
- Modalità d'Erogazione
- Lingua Insegnamento
|[2/66] RELAZIONI INTERNAZIONALI||[66/00 - Ord. 2018] PERCORSO COMUNE||6||36|
The aim of this course is to provide basic knowledge of international trade, trade policy and on the functioning of international organizations in regulating flows between countries (assessment of knowledge and understanding). The course aims as well at providing tools for evaluating the role of a country in the global system (assessment of the ability to apply knowledge and understanding). During lectures the recent process of globalization will be critically discussed with respect to the several aspects which contribute to the increased integration at the global level and to the different development paths at the country level (evaluation of making judgment).
At the end of the course students will be able to:
1. critically discuss the most important international trade theories (both their theoretical foundations and empirical validations) and the principles which led to the rise and functioning of international organizations which regulate flows between countries; (assessment of knowledge and understanding; evaluation of making judgment)
2. prepare and discuss a Country Report summing up main indicators assessing the position of a country in the global system; (assessment of communication skills; assessment of the learning process)
Undergraduate level statistics, micro and macroeconomics
1. Cause and Consequences of International Trade
a) The Globalization process in history.
b) Globalization now: Outsourcing, and Multinational Enterprises (First and Second Unbundling - Richard Baldwin)
c) The Gravity Model
d) The Comparative Advantage Theory
e) Economies of Scale and International Trade
d) Firms in the Global Markets: stylized facts
2. Trade Policy
a) The Instruments of Trade Policies
The course develops in 36 hours of lectures, 8 of which will be developed with the active participation of students in the form of presentations to the class, 4 of which will be run in the computer LAB
Con riferimento alle “Modalità di erogazione della didattica A.A. 2021/2022”, come riportato nel Manifesto Generale degli Studi si stabilisce che “la didattica verrà erogata prevalentemente in presenza, integrata e “aumentata” con strategie on line, allo scopo di garantirne la fruizione in modo innovativo e inclusivo”
5 credits of final mark: written examination with questions on main IT trade theories (assessment of knowledge and understanding), on concrete trade policy cases and on the functioning of international trade organizations (assessment of the ability to apply knowledge and understanding).
1 credit of final mark: writing of a country / firm report based on the analysis of international trade data (evaluation of making judgement).
The use of proper language represents another important element in the evaluation process (assessment of communication skills).
Students who do not present a Report by the assigned deadline will be asked to comment on a set of international trade indicators referred to one or more countries (assessment of the ability to apply knowledge and understanding; evaluation of making judgment). The use of proper language represents a fundamental element in the evaluation process (assessment of communication skills).
To determine the final grade the following elements will be considered:
- The proper use of the model
- The use of graphs
- The ability to explain through intuitive language the solution
- The logic of the reasoning presented
The evaluation of the report will be based on the following points:
- Completeness of the dimensions under study (import-export - trade balance - trade policy participation and involvement in main international trade organizations);
- Lack of discussion unrelated to the position of a country in the international markets;
- Indication of sources of information in data elaborations, graphs, tables and comments (just including a final list of References is not sufficient);
- A clear link between the discussion graphs and tables presented;
The final grade is out of thirty. To achieve a maximum score in the written examination, the student must show that they have acquired an excellent knowledge of all the topics covered during the course. To pass the exam, the student must demonstrate that they have acquired sufficient knowledge of the subjects.
Participation in-class activities are quite recommended, although it does not enter the evaluation it is considered an important part of the training for students who are preparing for an international relations career.
Telematic (distance) exams will be done according to the following procedure:
1. One or more groups of multiple-choice tests
2. Open questions demands
3. Oral exam
The date and time for 1 and 2 will be communicated through esse3 system, after that, you will have the calendar for part 3.
International Economics: Theory and Policy
Paul R. Krugman, Maurice Obstfeld, Marc Melitz
ISBN-10: 0138018987 ISBN-13: 9780138018986
©2015 Prentice Hall
- Further info: http://catalogue.pearsoned.co.uk/educator/product/International-Trade-Theory-and-Policy-OLP-with-etext-Global-Edition/9781292074061.page
Chapters: 1-2-3(3.1-3.2-3.3-3.4)-5 (5.1-5.2)-9
Chapter 18 of The Economy ebook developed by the CORE project: www.core-econ.org
Dani Rodrik, The Globalization Paradox (Chapters 1-4; 7-10)
Richard Baldwin, 2018 The Great Convergence - First and Second Unbundling
Other readings for those interested in the argument
Fixing Globalisation: Time to Make it Work for All