CODE 63744 ACADEMIC YEAR 2025/2026 CREDITS 9 cfu anno 3 SCIENZE ECONOMICHE E FINANZIARIE 11662 (L-33) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/02 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 1° Semester OVERVIEW The course will provide the instruments and the capabilities needed to analyse international economic relations, international trade, the processes of economic globalization, and economic policy interventions in foreign relations. The aim of the course is to discuss the basic concepts and their applications, as well as the theoretical formalizations, in order to provide a comprehensible and updated analytical context to interpret real-world phenomena. The evolution of international economic theory is therefore constantly related to data and empirical evidence, as well as to issues of economic policy. AIMS AND CONTENT LEARNING OUTCOMES The course aims to present the fundamentals of international economics theories, providing students with the theoretical and analytical tools necessary to understand the dynamics of international trade, evaluate the effects of trade policies, and analyze issues related to exchange rates and monetary aspects. AIMS AND LEARNING OUTCOMES On completion of the course, students will be able to understand the relevant models of international trade, identify differences based on the underlying assumptions, and comprehend the distributive effects at the country, sector, or specific factor of production level. They will also be able to understand trade policy strategies, theories in support of free trade, and those advocating for restrictions on free trade. Furthermore, students will be able to understand popular articles, specialized press, and reports from international organizations analyzing trade measures adopted by different countries. In conclusion, students will be able to analyze the most significant phenomena in international trade, equipped with an adequate understanding of the main economic and political forces that drive the current process of globalization. Knowledge of international markets and an understanding of related phenomena will be valuable for facilitating both graduates' entry into the labor market (e.g., in international companies or organizations) and their continued studies in a master's program in economics or related fields. PREREQUISITES Students are recommended to have attended first the courses of Microeconomics and Macroeconomics. TEACHING METHODS The course is given through frontal lectures and, eventually, seminars. The course will also cover case studies aimed at reinforcing the students' knowledge, showing the impact on the real world, and providing important elements of the historical background. Students who have valid certification of physical or learning disabilities and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Serena Scotto (scotto@economia.unige.it), the Department's disability liaison. SYLLABUS/CONTENT The course aims at providing students with a firm grasp of the theories of international trade and the theoretical tools required to interpret international economic relations in a context of globalization. In particular, the course covers the following topics: Part One Theory and Policy of International Trade The historical evolution of international trade International trade and technology: the Ricardian model Trade and resources: the Heckscher–Ohlin model International mobility of labor and capital Increasing returns to scale and imperfect competition Tariffs and import quotas under perfect and imperfect competition Export subsidies International trade agreements Part Two International Monetary Economics The use of money in international transactions The evolution of the international monetary system The equilibrium exchange rate Exchange rate arrangements Currency crises The European Monetary Union RECOMMENDED READING/BIBLIOGRAPHY The textbook is the following: Giuseppe De Arcangelis (2024), Economia Internazionale, MacGraw-Hill. Further teaching material provided during the lectures. The program of the course is the same for attending and non-attending students. TEACHERS AND EXAM BOARD CONCETTA MENDOLICCHIO Ricevimento: Thursday 10:00 - 12:00 a.m. by appointment. LESSONS LESSONS START Lectures will be given in the first semester. Class schedule The timetable for this course is available here: Portale EasyAcademy Class schedule The timetable for this course is available here: Portale EasyAcademy EXAMS EXAM DESCRIPTION Regarding the established educational objectives, the assessment of students' knowledge acquisition will be conducted through a written exam, which might replace all or part of an oral exam. Any changes will be announced on Aulaweb. ASSESSMENT METHODS The written (and eventually the oral) exam to assess the student's actual knowledge and acquisition of the basic theoretical concepts addressed during the course. Through general theoretical questions, it will be verified whether the student is able to: - identifying and defining economic concepts using the appropriate technical language; - reasoning in an independent manner by using the conceptual models studied during the course. In general, students should demonstrate that they understood the importance and the meaning of the various topics covered by discussing in-depth the relevant modeling frameworks. FURTHER INFORMATION The program of the course is the same for attending and non-attending students. Any additional information will be provided during lectures and on Aulaweb. Agenda 2030 - Sustainable Development Goals No poverty Quality education Decent work and economic growth Reduce inequality Responbile consumption and production