Teaching (International Economics)

International Economics – Academic Year 2020/2021

News: The next and last lecture held by prof. Pugno will be on 3 December 2020 online. Exercises will be proposed, and students should be able to solve them.

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

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

Complementary and essential material: slides of the lecture (uploaded during the course, and to be requested to prof. Pugno); A.P. Thirlwall, Balance of payments constrained growth models: history and overview, PSL Quarterly Review, vol. 64 n. 259 (2011), 307-351, Section 5. Downloadable from: https://laboratoriocritico.uniroma1.it/index.php/PSLQuarterlyReview/article/viewFile/9404/9299

The next date of the exams is in January 2021.

This webpage will be frequently updated. Look at it before the lectures and the exams!

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. The slides of the ninth and tenth lecture are here and here.

Useful exercises for the exam are here and here.

International Economics – Academic Year 2019/2020

News: the next date of the exams is in December.

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 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.

The solutions of the trade parte of the exam of 18 Feb. 2020 are here and  here.

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.

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