Students should be familiar with standard intermediate textbook of Macroeconomics and Microeconomics

Module I - Pompeo Della Posta (3 CFU)

Lectures in presence. Active students's participation.

Module II - Davide Fiaschi (3 CFU)

Lectures in presence. Active students's participation.

Module I - Pompeo Della Posta (3 CFU)

The course aims to enable students to understand and analyse critically the essential aspects
of the current phase of globalisation both in its real and monetary aspects, that is related to
trade, labour and capital markets.

Contents

Definitions of economic globalization and wide and narrow meaning of the term.

 History of economic globalization: the Victorian age, the American age, the neo-liberal age (and a new post-crises neo-protectionist age?).

 Globalization of goods markets: theoretical reasons (absolute and comparative advantages, limits of labor value theory, the recasting of trade theory within the marginalist approach and the role of factor endowments and factor intensity of production). Critical aspects of the globalization of the goods markets and protectionism.

 Globalization of labor markets: theory and critical aspects, demographic trends and migrations.

 Globalization of capital markets: balance of payments, exchange rate markets, capital mobility (foreign direct investments and portfolio investments).

Some topics may be added, including:

 - the current phase of globalization slowdown (deglobalization?) before and after the pandemic;

 - Multinational companies and the global value chain before and after the pandemic;

 - regional integration and future geopolitical perspectives (TPP, TTIP and their failure, RCEP).

 -  the role of the new global players, particularly China (the Belt and Road Initiative), India and Russia.

 - the effects on the global economy of the fourth industrial revolution, artificial intelligence and the internet of things.

Module II - Davide Fiaschi (3 CFU)

The module is a general introduction to economic development, with a focus on sustainable development and conflict.

Contents

• Introduction to economic development (definition; relationship with economic growth, well-being, socio-economic mobility and happiness)
• Facts on economic development (long-run trends, inequalities among countries and regions; gender inequality; equality of opportunity)
• Theories of economic development (Classical, Marxian, Keynesian, Neoclassical, Modern and New Growth Theories)
• Sustainable development (concept, theoretical models, empirical evidence)
• Conflicts and development (concept, theoretical models, empirical evidence)

Module I - Pompeo Della Posta (3 CFU)

Pompeo Della Posta, The Economics of Globalization: an Introduction, ETS, 2018 (e-book available at the website of the publisher The Economics of Globalization - Bookrepublic) and some additional material to be communicated during the course, depending on the topics that will be covered.

Module II - Davide Fiaschi (3 CFU)

• Ray (1998). Development Economics
• Roland (2016). Development Economics
• Papers  and book's chapters discussed in the lectures
• Recorded videos of lectures

Module I - Pompeo Della Posta (3 CFU)

Students’ active participation is strongly encouraged (20%). A final test with multiple choice questions will provide a relevant piece of student’s evaluation (80%). I am willing to consider also the possibility of students’ presentations on some of the topics that will be covered in the lectures, in which case the evaluation will be adjusted accordingly: participation (15%), class presentation (15%), final test (70%).

Module II - Davide Fiaschi (3 CFU)

Students’ active participation is strongly encourage. Written essay to be presented (50% overall mark) and oral examination on the whole program (50% overall mark) are used to assess students' knowledge.

Elarnign websiste of the couse:

https://elearning.ec.unipi.it/course/view.php?id=1819

Streaming of the course

https://teams.microsoft.com/l/team/19%3auM2sY4SI1L1BU6cxUpBHq_Df6I0C72BayuLkcbBD-pw1%40thread.tacv2/conversations?groupId=8cd44219-ee40-479e-860d-f5f50cd0a642&tenantId=c7456b31-a220-47f5-be52-473828670aa1