Those required by the degree course.
The course aims to give the background of monetary economics and international finance needed to understand the current theoretical debates and the current economic policies. It also provides the analytical tools necessary to address some of the issues that emerge as a result of the evolution of the international economic system in the last decades. At the end of the course students will be able to understand theoretical and empirical tools in order to analyze the international monetary system and in particular the global macroeconomic imbalances, the volatility of exchange rates and the problems of international credits. These notions are the basis for developing the necessary skills for the management of international trade, and to refine the theoretical and empirical tools to analyze the economic system as a whole.
1. The International Monetary System: an historical sketch.
2. The Balance of Payments.
3. Neoclassical and Post-Keynesian Exchange Rate determination.
4. The Foreign Exchange Constrained Economy
5. Credit and Finance in the Bretton Woods Discussions.
6. Multilateralism and Regional Currency Theory.
7. Hyman Minsky and the Problem of International Debt.
8. Cross-border Credit Operations.
9. Problems of International Credit: The European Monetary Union and International Debt.
10. The Global Crisis.
11. The Euro Crisis.
12. Covid-19 Pandemics
The course will be taught through lectures and seminars. Attendance, though not compulsory, is strongly recommended, and will be monitored. Part of the course will be constituted by seminars (student presentations about relevant topics).
The final evaluation is divided in three parts: (1) a written final exam about the lectures taught by Prof. Bellofiore with open questions, 25% of the vote; (b) the evaluation of students' presentations during the course constitute another 25% of the vote; (3) a written final exam about the lectures taught by Prof. Toporowski with open questions, constitutes 50% of the vote.
Past experiences and exams confirm that attendance to the course, though not compulsory, is strongly advised, and it will be monitored.
Those who do not attend the course will have to agree with Prof. Bellofiore for a "presentation" outside the course.
If the teaching is taught in mixed mode or remotely, changes can be made compared to what is stated in the syllabus to make the course and exams accessible also in these ways