25751 - International Economics (2013/2014) - CLABE
NEWS:
- (16-6-2014) Final grades (total of grade of full exam + essay/average grade of midterms + essay) are available on Almaesami. Exams can be seen during office hour of Wednesday 18th June. Positive (not below 18) marks will be recorded Friday 20th June unless people write me in advance (i.e. by 19th of June)
- Essay's grading (link)
- FOR THOSE ASKING FOR RECOMMENDATION LETTERS FOR MASTERS, PhD, BIG BROTHER, ETC: I NEED TO BE CONTACTED WELL IN ADVANCE, I.E. AT LEAST TWO WEEKS BEFORE THE DEADLINE
Credits: 9
Textbook: Paul R. Krugman, Maurice Obstfeld, Marc Melitz, International Economics: Theory & Policy, 9th Edition, Pearson, 2011
Programme:
First midterm: International trade theory
Second midterm: Topics in international trade policy, open macroeconomics and international macroeconomic policy
Weekly class schedule:
Exam:
Written (Note: the 2nd midterm can be taken EITHER in June OR in July)
- 1st midterm on International trade theory: 2nd April
- 1st Full Exam + 2nd midterm on the rest: 11th June
- 2nd Full Exam + 2nd midterm on the rest: 10th July
- 3rd Full Exam: 9th September
Registration to the exam and grade recording:
Registration in AlmaEsami (https://almaesami.unibo.it) is required to attend the exam. Grades will be available in AlmaEsami.
Office hour:
Wednesday, 12-13. Office 35, Piazza Scaravilli 2, 3rd floor, Bologna
Material covered:
- Course introduction and overview of Int'l Economics (ch 1, ch 2) (Helpman's Coase Lecture 2013, section 1)
- Ricardian model (ch 3)
- Specific factors model (ch 4)
- Exercises on Ricardo and specific factors models (exercises)
- Heckscher-Ohlin model (ch 5) (H-O applies to Bologna too!)
- Standard trade model (ch 6)
- External economies of scale (ch 7)
- Exercises on Heckscher-Ohlin, Standard trade model and External economies of scale (exercises)
- Internal economies of scale, FDI and multinational enterprises (ch 8). An interesting paper on firm-level aspects of trade and a brand new vox contribution on trade and productivity
- Topics in trade policy (ch 9, ch 10, ch 11, ch 12)
NOT mandatory take-home: write a short essay (max 400 words) commenting on this article in the light of our discussions on international trade
and trade policy issues. Up to 2 points on top of final grade. Essays must be sent to giovanni.prarolo@unibo.it by Monday 5th May.
HINT: Imagine yourself reading the article before and after Int'l Econ course: what did you get out of the course to understand the world better?
- National income accounting and the balance of payments (ch 13)
- Exchange rates and the foreign exchange market (ch 14)
- Money, Interest Rates, and Exchange Rates (ch 15)
- Optimum currency areas and the European experience (ch 20)
- Financial globalization: opportunity and crisis (ch 21) (further mandatory reading on VoxEU)
- Int'l Econ in VII Century (mandatory VoxEU article - slides)
- Exercises (slides)