INTERNATIONAL ECONOMICS AND FINANCE

Second cycle degree in BUSINESS ADMINISTRATION - ECONOMIA E DIREZIONE AZIENDALE (discontinued)

Campus: PADOVA

Language: English

Teaching period: Second Semester

Lecturer: LUCA NUNZIATA

Number of ECTS credits allocated: 10


Syllabus
Prerequisites: Students are required to know the fundamentals of micro and macroeconomics.
Examination methods: The exam is written and typically lasts between 1 hour and 1 hour and 30 minutes.
Course unit contents: First Part (Nunziata):

1. Introduction to International Economics and Finance: Issues of Interest

2. Balance of Payments Accounting

3. Asset Models of Exchange Rates

Visser H. (2004) A guide to international monetary economics (3ed., Elgar), Chapter 1.

4. Mundell-Fleming Model: IS/LM for an Open Economy

Visser H. (2004) A guide to international monetary economics (3ed., Elgar), Chapter 2.

5. Basic Guide to Empirical Estimation

6. The European Central Bank as a lender of last resort

De Grauwe, Paul (2011). “The European Central Bank as a lender of last resort”, VoxEU.org.

7. Income Inequality

Piketty, Thiomas and Saez Emmanuel "Income Inequality in the United States, 1913-1998", Quarterly Journal of Economics, 118(1), 2003, 1-39.


8. Long Run and Institutions

Acemoglu D. (2007) Political Economy of Growth.

9. Italy in the Global Economy

Seconda parte (Caggiano):

Topic 1: Why countries grow at different rates? A model (very) long run
growth.

Topic 2: Why some economies collapse? A model of sustainable development -
Easter Island economics

Topic 3: Why some countries experience hyperinflation? Cagan's model of
hyperinflation

Topic 4: Why some countries experience deflation and prolonged recessions?
A microfounded model of liquidity traps and unconventional monetary policy

Topic 5: Why uncertainty matters for business cycle fluctuations? A model
of the real effects of uncertainty shocks