The following topics shall be discussed: - The pure theory of international trade: the
law of comparative advantages; - The determinants of the terms of trade; - The
endowment of factors and the Heckscher-Ohlin theorem; - The theory of tariffs; -
The foreign exchange market; - The exchange rate and the balance of payments; -
The Mundell-Fleming model; - The monetary and portfolio balance approaches
Giancarlo Gandolfo e Marianna Belloc- Fondamenti di Economia Internazionale, UTET, Torino, 2009.
A preliminary thorough knowledge of Micro and Macroeconomics is essential.
This course is difficult, overcrowded, and is not recommended for Erasmus students.
36 two hour lectures.
Type of Assessment
End of course (final) written examination.
The course discusses the real and financial/monetary aspectcs of International Economics.
The course is divided into two main sections.
The first one deals with the pure theory of international trade and with the theory of tariffs.
I the second section are analysed the determinants of both nominal and real exchange rates, along with a detailed survey of the most important open economy macroeconomic models.
Both sections include an historical and institutional discussion of the trade and financial measures introduced by the main industrialised countries from the end of the second World War onwards.