Actuarial and Financial Sciences

CARLO D'IPPOLITI

Learning goals
Working knowledge of the main models of international economics and international finance.

Knowledge and understanding.
Upon successful completion of the course, students will be able to analyse actual economic problems in terms of competing theories and models.

Applying knowledge and understanding.
Upon successful completion of the course, students will be able to understand the explicit and implicit hypotheses informing the main economic policy proposals in the current debate.

Making judgements.
The course is explicitly based on the principle of methodological and theoretical pluralism.
Students will be introduced to at least two competing models for each economic problem considered, and will understand the criteria with which to personally choose their favorite interpretation.

Communication skills.
Through study and hands-on sessions, students will become proficient in the jargon and technical language of the discipline, which they must use in both written and oral examinations.

Learning skills.
Students that successfully complete the course will have learnt a method of analysis that will allow them to tackle and understand the main economic issues of today, both in subsequent economic courses and in the fruition and participation to the public debate.

Working knowledge of the main models of international economics and international finance. Upon successful completion of the course, students will have learnt a method of analysis that will allow them to tackle and understand the main economic issues of today, both in subsequent economic courses and in the fruition and participation to the public debate. Specifically, they will be able to: (i) analyse actual economic problems in terms of competing theories and models; and (ii) understand the explicit and implicit hypotheses that inform the main economic policy proposals in the current debate.

In our Department previous abilities and skills cannot be required for any specific course. However, it is recommended that students have some basic knowledge of intermediate economics in order to fully benefit from this course.

The course departs from an analysis of the second globalization from the institutional point of view, looking at the international monetary regime and at the main geographic areas (in particular the European Union). It then considers the main theories of exchange rate determination; fixed and flexible exchange rate regimes; the relation between the balance of payments and the exchange rate; and some concepts of competitiveness. It finally analyses the effectiveness of monetary and fiscal policies, and some model of growth in an open economy. Throughout the course, special emphasis is devoted to capital movements and financial markets.

The full syllabus is updated continuously and is always available on the course moodle webpage at: https://elearning.dss.uniroma1.it/course/view.php?id=26

Salvatore D. (2016), International Economics, New York: John Wiley & Sons, chapters 13-21.
Lavoie M. (2014), Post-Keynesian Economics: New Foundations, Cheltenham: Edward Elgar, chapter 7.

Salvatore D. (2016), International Economics, New York: John Wiley & Sons, chapters 13-21.
Lavoie M. (2014), Post-Keynesian Economics: New Foundations, Cheltenham: Edward Elgar, chapter 7.

Lectures and tutorials, in class (no distance learning).

In our Department class attendance is not mandatory. The professor, however, strongly encourages it.

Assessment of a project undertaken during the semester; written and oral examination at the end of the course

Analysis of one or more countries' balance of payments, and its relation with the exchange rate

• Rudiments of international economic statisticsp.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px 'Helvetica Neue'; color: #000000}
  • Books: Salvatore D. (2016), International Economics, New York: John Wiley & Sons


• Basics of international finance
  • Books: Salvatore D. (2016), International Economics, New York: John Wiley & Sons


• The international monetary system
  • Books: Salvatore D. (2016), International Economics, New York: John Wiley & Sons


• Currency markets 
  • Books: Salvatore D. (2016), International Economics, New York: John Wiley & Sons


• Open-economy macroeconomics
  • Books: Salvatore D. (2016), International Economics, New York: John Wiley & Sons


• Recent economic crises
  • Books: Material on moodle