Master’s degree in International Economics and Business

International Economic Policy

Course code
Name of lecturer
Roberto Ricciuti
Roberto Ricciuti
Number of ECTS credits allocated
Academic sector
Language of instruction
secondo semestre (lauree magistrali) dal Mar 1, 2021 al Jun 1, 2021.

Lesson timetable

Go to lesson schedule

Learning outcomes

The course International Political Economy ideally follows the International Economics course by analysing topics in international monetary economics, whereas the latter dealt with "real" international economics issues.  The aim of the course is to provide students with analytical and conceptual tools to understand international macroeconomic developments, which take place in monetary, financial and exchange rate markets, with special reference to monetary and fiscal policy issues.  At the end of the course the student should be able to:  - know and understand the main issues in international monetary economics;  - applying knowledge and understanding to monetary policy in the short- and long-run, to exchange rate theories, to the consequences of fixed and flexible exchange rate regimes, to international movements of capital, to international financial crises and the policies implemented by domestic and international policy-makers to counteract them;  - making judgments with respect to the issues that have been discussed in the course;  - written communication skills;  - learning skills.


Teaching takes place exclusively in the form of lectures.

National Income Accounting and the Balance of Payments
Exchange Rates and the Foreign Exchange Market: An Asset Approach
Money, Interest Rates, and Exchange Rates
Price Levels and the Exchange Rate in the Long Run
Output and the Exchange Rate in the Short Run
Fixed Exchange Rates and Foreign Exchange
International Monetary Systems: An Historical Overview
Optimum Currency Areas and the European Experience
Financial Globalization: Opportunity and Crisis
Developing Countries: Growth, Crisis, and Reform

Krugman, Obstfeld, and Melitz International Economics: Theory and Policy, 10/e, Pearson.
Chapters from 13 through 22.

Reference books
Author Title Publisher Year ISBN Note
Krugman, Obstfeld, and Melitz International Economics: Theory and Policy (Edizione 11) Pearson. 2018

Assessment methods and criteria

Teaching and exam methods will be made public once more general regulations for the academic year will be decided.

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