Course 2025-2026 a.y.

30287 - MACROECONOMICS AND THE WORLD ECONOMY

Department of Economics


Class timetable
Exam timetable

Course taught in English
Go to class group/s: 31
BAI (6 credits - II sem. - OP  |  SECS-P/01) - BEMACS (6 credits - II sem. - OP  |  SECS-P/01) - BIEF (6 credits - II sem. - OBCUR  |  SECS-P/01) - BIEM (6 credits - II sem. - OP  |  12 credits SECS-P/01) - BIG (6 credits - II sem. - OP  |  12 credits SECS-P/01) - CLEAM (6 credits - II sem. - OP  |  SECS-P/01) - CLEF (6 credits - II sem. - OP  |  SECS-P/01) - WBB (6 credits - II sem. - OP  |  SECS-P/01)
Course Director:
CLAUDIO BRENNA

Classes: 31 (II sem.)
Instructors:
Class 31: CLAUDIO BRENNA


Mission & Content Summary

MISSION

This is a course on international economics. It deals with many aspects of the economic interactions between countries. The course is not purely theoretical: all topics are illustrated by real life applications and recent examples from different countries. The course also focuses on policies, in particular the implications of different monetary and fiscal policies in open economies.

CONTENT SUMMARY

National income accounting and the balanca of payment

Exchange rates and the foreign exchange market

Money, interest rates and exchange rates

Price levels and exchange rate in the long run

Output and exchange rate in the short run

Fixed exchange rates and foreign exchange intervention

International monetary systems: an historical overview

Financial globalisation: opportunity and crisis

Optimum currency areas

Developing countries: growth, crisis and reform

Crises


Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

 

  • Understand the role of fiscal and monetary policy in an international environment
  • Understand the structure and functioning of the international monetary system
  • Identify the causes of crises and the mechanisms to address them

   

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Analyze the composition and variations of the Balance of Payments
  • Predict exchange rate, price level, and output dynamics based on different policy interventions
  • Evaluate the impact of financial instability on the functioning of global economic systems

Teaching methods

  • Lectures
  • Practical Exercises

DETAILS

No difference between attending and non attending students


Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
   x x

ATTENDING AND NOT ATTENDING STUDENTS

Students can decide to take two partial exams or the general exam. In the first case, in order to pass the exam, both partials need to have a grade of at least 18.

 

The exam is written, on computer, using Respondus Lockdown Browser.


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

• Textbooks, indicated in class

• Notes and/or slides uploaded on BBoard

Last change 23/10/2025 23:11