News:
For communications write to m.pugno(at)unicas.it
International Economics – Academic Year 2024/2025
The teacher of the entire course is prof. Piero Esposito: https://pieroesposito1.com/
International Economics – Academic Year 2023/2024
The course consists of two parts: INTERNATIONAL TRADE (prof. P. Esposito) and INTERNATIONAL 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 recommended TEXTBOOK 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 (https://pieroesposito1.wordpress.com/).
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 “The 1979 balance of payments constrained growth model” (downloadable here or here).
The rules of the EXAM are explained in the slides of the Introductory lecture (please, read them carefully).
See the web-page of GOMP at 91990 International economics for other details.
Exercises are held during class hours, and are included in the slides above.
International Economics – Academic Years from 2020/21 to 2022/2023
See above.
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:
https://drodrik.scholar.harvard.edu/files/dani-rodrik/files/new_technologies_global_value_chains_developing_economies.pdf