Teaching (International Economics)


The exams of the June and July sessions will take place in room 1.07. Formal justification is necessary to take an online exam. For the requirements for the formal justification ask the didactic office.

Students can choose, on the day of the exam, to take either only one part (trade o finance) or both parts. In the first alternative, the positive result of one part remains valid only for the exams sessions of 2021. In the second alternative, the result is single as average of the two parts, and it cannot be decomposed.

In the next sessions of regular exams, the program is only that of the A.Y. 2020/2021 (prof. Esposito and Pugno).

International Economics – Academic Year 2020/2021

The course consists of two parts: international trade (Prof. P. Esposito) and finance (Prof. M. Pugno). The aim of the first part is to explain the main causes and consequences of international trade. It investigates why nations trade, what they trade, who gains (or not) from this trade, how trade is internationally regulated, and which are the policies for and against trade. The second part of the course first provides the necessary basic notions (such as the balance of payments, exchange rates, the determination of income in an open economy), and then explains the role that international transactions, both real and financial, have in determine the aggregate economic outcomes, as well as the policies that can influence these outcomes. To conclude, the international financial crises and the long-term economic growth of open economies are briefly explained.

The exam is single and written. For both parts, the main text is:

Gerber, James, International Economics, seventh edition, global edition, 2018 or 2017, Pearson Education, Edinburgh. https://www.pearson.ch/HigherEducation/Pearson/EAN/9781292214160/International-Economics-Global-Edition

Chapters of the textbook: 3-8 (international trade), 9-12 and 16 (international finance).

Other complementary (and essential) material has been provided during the lectures. The material for the trade part is uploaded in the webpage of Prof. P. Esposito.

Complementary and essential material for the finance part consists of: (1) the slides of the lecture (uploaded during the course, and to be requested to prof. Pugno); (2) A.P. Thirlwall, Balance of payments constrained growth models, PSL Quarterly Review, vol. 64 n. 259 (2011), 307-351, only Section 5 (downloadable).

The email address of the instructor is: m.pugno(at)unicas.it

The slides of first lecture about the organization of the course are here.

Useful exercises with solutions for the exam are here , here, and here.

Solutions for the exam (finance) of 21 Jan., 2021 are here.

International Economics – Academic Year 2019/2020

The course of International Economics consists of two parts: International trade with lectures on Tuesday 3-5pm (prof. M. Pugno), and International finance with lectures on Monday 3-5pm (prof. F. D’Orlando) during the first semester. The exam is single. For both parts, the main text is: Gerber, James, International Economics, seventh edition, global edition, 2018, Pearson Education, Edinburgh.

In addition, for the first part:

  • The material of the lectures, which is distributed upon request to the professor.
  • Dani Rodrik, New Technologies, Global Value Chains,and the Developing Economies, September 2018, to be downloaded from the url:


The results of the exam of 15 Dec. 2020 are here. Please read the notes at the end of the file.

The right answers of the test (trade part) of 15/12/2020 are here.

The right answers of the test (trade part) of 15/9/2020 are here.

The results of the exam of 15 Sept. 2020 are here. Please read the notes at the end of the file.

The right answers of the test (trade part) of 21/7/2020 are here.

The results of the exam of 18 Feb. 2020 are here.

The mark of the student (not in the list) n.54046 is 20/30 for the finance part.

Here and here are some exercises (with solutions) in preparation for the exam.

See the web-page of GOMP at 91990 International economics for other details.

Marks of the exam of 21/1/2020: entire exam (to be registered): (51411) 19/30, (53421) 18/30, (54046) 24/30, (53642) 22/30, (50809) 22/30;

only Trade (not to be registered): (53296) 19/30, (53529) 22/30;

only Finance (not to be registered): (53508) 18/30, (58165) 18/30, (53428) 19/30, (54118) 26/30, (55383) 19/30.

The solutions of the exam (two versions) are here and here.

The email address of the instructor is: m.pugno(at)unicas.it

Economics (Basic) in italiano.

Economics of Human Capital in italiano.