Study-unit ECONOMICS OF INTERNATIONAL MARKETS
| Course name | International economics and management |
|---|---|
| Study-unit Code | 20A00064 |
| Location | PERUGIA |
| Curriculum | Comune a tutti i curricula |
| Lecturer | Mirko Abbritti |
| Lecturers |
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| Hours |
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| CFU | 9 |
| Course Regulation | Coorte 2022 |
| Supplied | 2023/24 |
| Supplied other course regulation | |
| Learning activities | Caratterizzante |
| Area | Economico |
| Sector | SECS-P/01 |
| Type of study-unit | Obbligatorio (Required) |
| Type of learning activities | Attività formativa monodisciplinare |
| Language of instruction | English |
| Contents | The objective of this course is to offer a broad overview of the major topics and modeling tools of the economics of international markets. The course is structured in two parts. In the first part the students are first familiarized with the main concepts and models of international trade in goods and assets. They will then analyze the economics of specific international markets like the oil and gas markets, renewables markets or the ETS market. The second part of the course provides an introduction to some major issues of international finance. Topics include (i) the FOREX market and models of exchange rate determination; (ii) Term Structure models and (un)conventional monetary policy; (iii) financial and currency crises; (iv) the economics of European integration. |
| Reference texts | Paul R. Krugman, Maurice Obstfeld and Marc Melitz (2018), “International Economics: Theory and Policy”, Global Edition, 11th Edition, Pearson ed. P.Zweifel, A. Praktiknjo. G. Erdmann, Energy Economics, Springer Berlin, 2017 and Handout material |
| Educational objectives | Understanding the functioning of key international markets and the main trends of globalization and sustainability goals. |
| Prerequisites | Economics and International trade |
| Teaching methods | Class lectures |
| Learning verification modality | Students with disabilities and/or with DSA are invited to visit the page dedicated to the tools and measures envisaged and to agree in advance what is necessary with the teacher (https://www.unipg.it/disabilita -e-dsa) |
| Extended program | 1. Introduction 2. National Income Accounting, the Balance of Payments and the Current Account 3. The J curve and Marshall – Lerner conditions 4. The Mundell – Fleming Model and the Choice of the Exchange Rate Regime 5. The Heckscher-Ohlin Model 6. The Oil Market 7. The Gas Market 8. Renewables Market 9. Governance of international sustainability 10. ETS Market 11. Exchange Rates and the Foreign Exchange Market 12. Term Structure models and (un)conventional monetary policy 13. Financial and Currency Crises 14. Economics of European Integration |