Unit Economics and globalisation
- Course
- International relations
- Study-unit Code
- A001452
- Curriculum
- Migration, globalisation and world governance
- Teacher
- Mirella Damiani
- Teachers
-
- Mirella Damiani
- Hours
- 32 ore - Mirella Damiani
- CFU
- 6
- Course Regulation
- Coorte 2020
- Offered
- 2020/21
- Learning activities
- Affine/integrativa
- Area
- Attività formative affini o integrative
- Academic discipline
- SECS-P/01
- Type of study-unit
- Opzionale (Optional)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- English.
- Contents
- The course presents the main characteristics of the new phase of globalization and their main social and political consequences. The first part of the course focuses on one main determinant of international competitiveness, which nowadays is strictly related not only to sectoral specialization but to firm-level advantages. Technological changes, that enhance productivity growth and innovation, are strictly linked to globalization, because the liberalization of the international markets represents an actual opportunity only to the most productive enterprises firms within each industry.
The second part of the course analyses other traits of the new globalization, where significant reductions in international communication and coordination costs allow firms to offshore many tasks that were previously non-traded. The international fragmentation of the production process implies that global competition is no more only between firms and sectors in different nations, but between individual workers of different nations. This ‘new trade in tasks’ calls to the forefront the role of the World Trade Organization and the future of multilateralism. - Reference texts
- Reading list of articles and book chapter on the Unistudium platform.
- Educational objectives
- The aim of the course is to provide students the main tools to analyze the main features of the new phase of globalization and evaluate its main impacts and the role of economic policies implications.
- Prerequisites
- Basic notions of micro and macroeconomics.
- Teaching methods
- The following methods are used: i) lectures, seminars, home assignments.
- Other information
- Seminar: Financial and economic crises: The Euro crisis.
- Learning verification modality
- Written and oral exam.
- Extended program
- 1) Market Imperfections: monopolistic competition and intra-industry trade
2) Firm heterogeneity and international trade
3) The global value chains, offshoring and routine-biased technological change
4) International negotiations: World Trade Organization, free trade agreements, custom unions, single markets.
6) The exchange rate system and implications for economic policies.