Tipo Insegnamento:
Opzionale
Durata (ore):
60
CFU:
9
SSD:
ECONOMIA POLITICA
Sede:
BRESCIA
Url:
Analytics e Data Science for Economics and Management/PERCORSO COMUNE Anno: 1
Anno:
2024
Course Catalogue:
Dati Generali
Periodo di attività
Primo Quadrimestre (01/10/2024 - 22/01/2025)
Syllabus
Obiettivi Formativi
a) Knowledge and understanding (KN)
The students will be able to elaborate complex theoretical concepts regarding international economics, such as e.g. the absolute advantage and the comparative advantage (who trades what with whom and why), and the terms of trade. They will learn to solve models where resource distribution and use determine the pattern of trade, or where the market structure determines intra-industry trade. They will be able to identify gains from trade, what kind of policies countries apply and their effect on good prices and society welfare, and why developing countries have a different perspective about trade policy. They will deal with many case studies at hand.
b) Applying knowledge and understanding (AKN)
The students face empirical problems as well, especially regarding the evaluation of correlations and relationships between international trade aggregates on specific relevant topics, such as international competition (relative wages and productivity), the Leontieff paradox (skill-content of US imports and technologically-advanced trading partners), the double-causality effect of the crises. In order to achieve this objective, students learn to manage on-line databases, searching for adequate data, posing a research question, developing a method to get results and answering with complete and convincing conclusions.
c) Making judgements (MJ)
The students learn to formulate theoretically and empirically based arguments about past and current events of international trade such as why countries exchange goods, services or assets, what is the role of WTO in setting rules and solving disputes, and why countries need such an institution. Moreover, they can explain why policymakers today engage into applying tariffs and subsidies, especially in crucial sectors of the economy, and whether this is beneficial to trading countries. They learn to make judgements about the benefits or drawbacks of free trade, protectionism, and other levels of economic integration.
d) Communication skills (CS)
The students are required to present a team project in a poster session, in order to deliver one’s own abilities in communicating international trade concepts to a mixed (experts and not) audience in English. Moreover, students will be asked to discuss in class their own solutions to three home assignments.
e) Learning skills (LS)
This course gives a set of learning instruments that include homework problems to solve individually, the possibility to identify a research question and implement academic writing skills on a teamwork structured project with a deadline, and to make use of algebraic and graphic techniques to answer specific questions regarding international economics issues.
The students will be able to elaborate complex theoretical concepts regarding international economics, such as e.g. the absolute advantage and the comparative advantage (who trades what with whom and why), and the terms of trade. They will learn to solve models where resource distribution and use determine the pattern of trade, or where the market structure determines intra-industry trade. They will be able to identify gains from trade, what kind of policies countries apply and their effect on good prices and society welfare, and why developing countries have a different perspective about trade policy. They will deal with many case studies at hand.
b) Applying knowledge and understanding (AKN)
The students face empirical problems as well, especially regarding the evaluation of correlations and relationships between international trade aggregates on specific relevant topics, such as international competition (relative wages and productivity), the Leontieff paradox (skill-content of US imports and technologically-advanced trading partners), the double-causality effect of the crises. In order to achieve this objective, students learn to manage on-line databases, searching for adequate data, posing a research question, developing a method to get results and answering with complete and convincing conclusions.
c) Making judgements (MJ)
The students learn to formulate theoretically and empirically based arguments about past and current events of international trade such as why countries exchange goods, services or assets, what is the role of WTO in setting rules and solving disputes, and why countries need such an institution. Moreover, they can explain why policymakers today engage into applying tariffs and subsidies, especially in crucial sectors of the economy, and whether this is beneficial to trading countries. They learn to make judgements about the benefits or drawbacks of free trade, protectionism, and other levels of economic integration.
d) Communication skills (CS)
The students are required to present a team project in a poster session, in order to deliver one’s own abilities in communicating international trade concepts to a mixed (experts and not) audience in English. Moreover, students will be asked to discuss in class their own solutions to three home assignments.
e) Learning skills (LS)
This course gives a set of learning instruments that include homework problems to solve individually, the possibility to identify a research question and implement academic writing skills on a teamwork structured project with a deadline, and to make use of algebraic and graphic techniques to answer specific questions regarding international economics issues.
Prerequisiti
Pre-requisites:
Students must have a good knowledge of Principles of Micro and Macroeconomics (undergraduate level), General Mathematics and English language. Proficiency in English is required according to the Department rules.
Students must have a good knowledge of Principles of Micro and Macroeconomics (undergraduate level), General Mathematics and English language. Proficiency in English is required according to the Department rules.
Metodi didattici
It is advisable, even if not obligatory, to attend each lecture, because the course requires students’ active learning and participation in class.
The teacher takes notice of whom is attending each lecture. Only a presence of 75% or more (at least 18 lectures) gives a student the status of "attending student".
Only attending students participate to active learning: homework, discussions, team project and final poster session.
THE REST OF THE STUDENTS WILL BE CONSIDERED NON-ATTENDING.
Non-attending students are required to study the textbook, reading all the material uploaded on Moodle platform "Comunità Didattica" International Economics (A.A. 2024), and take the final test in the official dates of exam. Example of past tests or exercises will be available in the Comunità Didattica at the end of the course.
Optionally, students might study over the digital tool www.MyEconLab.com to get acquainted with interactive graphics, questions, and all the material in the required chapters.
AS FAR AS ATTENDING STUDENTS, their final evaluation of knowledge (KN), applied knowledge (AKN), making judgements (MJ), learning (LS) and communication skills (CS) about IE is based on three components:
1) Students are required to solve INDIVIDUALLY home assignments and critically discuss the solution in class [testing for (AKN), (MJ)] with a maximum of three homework (valued 2 points each).
2) By the end of the course, students will prepare a team project on a topic of their choice (from a list of topics or papers provided by the teacher) and present it in a POSTER SESSION, to experiment COMMUNICATION techniques related to International Economics. THIS IS A TEAM WORK; the teacher will assign members to each team and evaluate both the team work and each individual capacity/knowledge [testing for (AKN), (LS), (CS)].
More details and instructions will be given at the beginning of the course.
3) Final test. Students are required to answer theoretical open questions and solve for exercises [testing for (KN), (MJ), (LS)]. The test dates are officially set by the academic calendar.
The teacher takes notice of whom is attending each lecture. Only a presence of 75% or more (at least 18 lectures) gives a student the status of "attending student".
Only attending students participate to active learning: homework, discussions, team project and final poster session.
THE REST OF THE STUDENTS WILL BE CONSIDERED NON-ATTENDING.
Non-attending students are required to study the textbook, reading all the material uploaded on Moodle platform "Comunità Didattica" International Economics (A.A. 2024), and take the final test in the official dates of exam. Example of past tests or exercises will be available in the Comunità Didattica at the end of the course.
Optionally, students might study over the digital tool www.MyEconLab.com to get acquainted with interactive graphics, questions, and all the material in the required chapters.
AS FAR AS ATTENDING STUDENTS, their final evaluation of knowledge (KN), applied knowledge (AKN), making judgements (MJ), learning (LS) and communication skills (CS) about IE is based on three components:
1) Students are required to solve INDIVIDUALLY home assignments and critically discuss the solution in class [testing for (AKN), (MJ)] with a maximum of three homework (valued 2 points each).
2) By the end of the course, students will prepare a team project on a topic of their choice (from a list of topics or papers provided by the teacher) and present it in a POSTER SESSION, to experiment COMMUNICATION techniques related to International Economics. THIS IS A TEAM WORK; the teacher will assign members to each team and evaluate both the team work and each individual capacity/knowledge [testing for (AKN), (LS), (CS)].
More details and instructions will be given at the beginning of the course.
3) Final test. Students are required to answer theoretical open questions and solve for exercises [testing for (KN), (MJ), (LS)]. The test dates are officially set by the academic calendar.
Verifica Apprendimento
ATTENDING students' final evaluation of knowledge (KN), applied knowledge (AKN), making judgements (MJ), learning (LS) and communication skills (CS) about IE is based on three components:
1) Each student solves INDIVIDUALLY home assignments (exercises or data analysis with graphs and tables) and briefly but critically discusses the solution in class [testing for (AKN), (MJ)] for a maximum of three homework.
2) By the end of the course, students prepare a team project on a topic of their choice (from a list provided by the teacher) and present it in a POSTER SESSION, to experiment COMMUNICATION techniques related to International Economics. This is a TEAM work, and the teacher assigns each member to the team. An evaluation of the work is given both the team and each individual student [testing for (AKN), (MJ), (LS), (CS)].
More details and instructions are provided at the beginning of the course.
3) Written Final Test. Each student answers two theoretical and/or two technical questions, solving for exercises, about international economics [testing for (KN), (AKN), (LS)].
Assessment method:
[Weight] of each requested activities in the final evaluation:
[20%]: 1) Total Homework.
[50%]: 2) Poster session active contribution and participation at the end of the course.
[30%]: 3) Written final test at the end of the course (on official dates).
A positive final grade goes from a minimum (Italian grade system) of 18 points (D, in the Anglo-Saxon grade system) to 30 points (A). If the total evaluation is less than 18 (F) the preparation is not considered adequate and the student needs to re-take the written test (only). In some cases, for excellent preparation, a student may get 30 points 'cum laude' (A+).
NON-ATTENDING students are evaluated only [100%] on their performance in the Final Test, which is an extended version of the final test for attending students. The Italian grading system applies.
1) Each student solves INDIVIDUALLY home assignments (exercises or data analysis with graphs and tables) and briefly but critically discusses the solution in class [testing for (AKN), (MJ)] for a maximum of three homework.
2) By the end of the course, students prepare a team project on a topic of their choice (from a list provided by the teacher) and present it in a POSTER SESSION, to experiment COMMUNICATION techniques related to International Economics. This is a TEAM work, and the teacher assigns each member to the team. An evaluation of the work is given both the team and each individual student [testing for (AKN), (MJ), (LS), (CS)].
More details and instructions are provided at the beginning of the course.
3) Written Final Test. Each student answers two theoretical and/or two technical questions, solving for exercises, about international economics [testing for (KN), (AKN), (LS)].
Assessment method:
[Weight] of each requested activities in the final evaluation:
[20%]: 1) Total Homework.
[50%]: 2) Poster session active contribution and participation at the end of the course.
[30%]: 3) Written final test at the end of the course (on official dates).
A positive final grade goes from a minimum (Italian grade system) of 18 points (D, in the Anglo-Saxon grade system) to 30 points (A). If the total evaluation is less than 18 (F) the preparation is not considered adequate and the student needs to re-take the written test (only). In some cases, for excellent preparation, a student may get 30 points 'cum laude' (A+).
NON-ATTENDING students are evaluated only [100%] on their performance in the Final Test, which is an extended version of the final test for attending students. The Italian grading system applies.
Testi
Paul Krugman, Maurice Obstfeld, Marc Melitz; International Economics: Theory and Policy (11th edition, global edition); Pearson; 2018; 978-1-292-21487-0;
Capitoli 1-12, first part of 22.
There is the possibility of obtaining a free open access copy at
https://www.academia.edu/45169893/International_Economics_Theory_and_Policy_Global_Edition_by_Paul_R_Krugman_Maurice_Obstfeld_Marc_J_Melitz
A recent edition (12th edition, 2022) of the same book is available at
https://www.pearson.com/uk/educators/higher-education-educators/program/Krugman-International-Economics-Theory-and-Policy-Global-Edition-12th-Edition/PGM100003100497.html
In this edition there are updated examples and case studies:
i) the impacts of Brexit and COVID-19 (Chapter 7)
ii) firms' global sourcing decisions and the new USMCA treaty (Chapter 8)
iii) US-China trade tensions (Chapter 10)
iv) the effects of the Trump trade war on global trade and the COVID-19 pandemic (Chapter 19)
v) the Dec. 2020 EU-UK trade deal plus the prior withdrawal agreement and its implications for the Irish border (Chapter 21)
vi) euro area policy innovations in response to COVID-19 (Chapter 21)
We'll go through some of these new issues via bibliographic material supplied in the Comunità Didattica.
Digital tools (optional):
www.MyEconLab.com
Further readings:
Few readings and other material will be distributed in class and on-line, via Moodle platform "Comunità didattica" International Economics (A.A. 2024), regarding special issues and papers related to International Trade and Policy program.
Capitoli 1-12, first part of 22.
There is the possibility of obtaining a free open access copy at
https://www.academia.edu/45169893/International_Economics_Theory_and_Policy_Global_Edition_by_Paul_R_Krugman_Maurice_Obstfeld_Marc_J_Melitz
A recent edition (12th edition, 2022) of the same book is available at
https://www.pearson.com/uk/educators/higher-education-educators/program/Krugman-International-Economics-Theory-and-Policy-Global-Edition-12th-Edition/PGM100003100497.html
In this edition there are updated examples and case studies:
i) the impacts of Brexit and COVID-19 (Chapter 7)
ii) firms' global sourcing decisions and the new USMCA treaty (Chapter 8)
iii) US-China trade tensions (Chapter 10)
iv) the effects of the Trump trade war on global trade and the COVID-19 pandemic (Chapter 19)
v) the Dec. 2020 EU-UK trade deal plus the prior withdrawal agreement and its implications for the Irish border (Chapter 21)
vi) euro area policy innovations in response to COVID-19 (Chapter 21)
We'll go through some of these new issues via bibliographic material supplied in the Comunità Didattica.
Digital tools (optional):
www.MyEconLab.com
Further readings:
Few readings and other material will be distributed in class and on-line, via Moodle platform "Comunità didattica" International Economics (A.A. 2024), regarding special issues and papers related to International Trade and Policy program.
Contenuti
Each lesson contains detailed content that students can find in the extended Program and in the slides provided by the teacher. Here you find a summary. Numbers relate to Chapters of the textbook.
1. Introduction to International Economics.
2. An overview of World Trade.
3. Labor Productivity and Comparative Advantage: the Ricardian Model.
4. Specific Factors and Income Distribution.
5. Resources and Trade: the Heckscher-Ohlin Model.
6. The Standard Trade Model.
7. External Economies of Scale and the International Location of Production.
8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises.
9. The Instruments of Trade Policy.
10. The Political Economy of Trade Policy.
11. Trade Policy in Developing Countries.
12. Controversies in Trade Policy.
22. Developing countries: growth, crisis, and reform.
Lingua Insegnamento
Inglese
Altre informazioni
Students are expected to attend the lectures, to study the main textbook, reading the slides, solving home assignments, and going through suggested readings for in-depth analysis. Participation in class (presentations, discussion) is evaluated as well. Interaction with classmates is warmly suggested in the preparation phase.
RULES FOR NON ATTENDING STUDENTS OR THE LATE-COMERS:
Slides will be distributed to facilitate comprehension of the subject via Moodle platform Comunità Didattica International Economics (A.A. 2024).
Office hours and email are available tools to contact the teacher.
They MAY start a forum on Moodle platform Comunità Didattica IE to get answers from the Community of the other students and the teacher.
They HAVE access to past exams on Moodle platform Comunità Didattica IE.
They MUST take the final test (at official dates) to pass the exam.
Their final grade is based on the final test only. The test is based on four questions, two of them are exercises and two are theoretical/policy questions on the models.
In exceptional, serious and rare cases, the teacher (at her discretion) might allow non attending students to take an oral exam after the written test.
RULES FOR NON ATTENDING STUDENTS OR THE LATE-COMERS:
Slides will be distributed to facilitate comprehension of the subject via Moodle platform Comunità Didattica International Economics (A.A. 2024).
Office hours and email are available tools to contact the teacher.
They MAY start a forum on Moodle platform Comunità Didattica IE to get answers from the Community of the other students and the teacher.
They HAVE access to past exams on Moodle platform Comunità Didattica IE.
They MUST take the final test (at official dates) to pass the exam.
Their final grade is based on the final test only. The test is based on four questions, two of them are exercises and two are theoretical/policy questions on the models.
In exceptional, serious and rare cases, the teacher (at her discretion) might allow non attending students to take an oral exam after the written test.
Corsi
Corsi
Analytics e Data Science for Economics and Management
Laurea Magistrale
2 anni
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