INTERNATIONAL TRADE AND ECONOMIC OF DEVELOPMENT - 1

The first module of this course aims to provide students with a set of concepts, models and methodological tools useful for analyzing the processes of economic development in quantitative and institutional perspective. Students of Foreign Trade Degree will therefore have at their disposal a conceptual framework to asses the development potential of various economies in the medium and long run, in order to make decisions on commercial strategies and on direct investments for companies. Particular attention will be given to the role of human capital and the processes of productive knowledge formation in the economic growth models. The course also addresses some relevant issues related to development policies, such as actions to support innovation in mature industrial economies, aid policies in developing countries, migration policies and human capital movements, criteria to set up and evaluate sustainability policies.

Students will be able to understand the basic mechanisms of economic development, measure the contribution of the various factors that contribute to sustainable and inclusive growth, as well as acquire knowledge to evaluate the variables useful to support the processes of innovation and international competitiveness in the long term.

Pre-requisite of the Course is Political Economics. Will be also useful for the understanding of the main topics of the course the basic knowledge of mathematical and statistical analysis, as well as the fundamental concepts of Macroeconomics and Economic Policy.

Definitions, concepts and measures of development
The Balance of Payment and transactions with foreign economies
Causes and limits of economic development in the Classic thought
Factors and mechanisms of economic growth in modern theories
Increasing returns of knowledge, and human capital
Innovation economics and policies
Complexity of production spaces and long run growth
Imbalances, inequalities and polarization in the processes of development
Institutions, institutional change and social capital

Textbook:
D. N. Weil, Crescita Economica. Problemi, Dati e Metodi di Analisi, Hoepli, 2007

Supplementary readings:
Acemoglu D., Robinson J.A., Perché le Nazioni falliscono. Le origini di prosperità, potenza e povertà, Il Saggiatore, 2013
Aghion P. et al., Il Potere della Distruzione Creatrice, Marsilio editore, 2021

During the course, the teaching materials of the lessons, handouts and further bibliographical references will be provided

Written examination, with multiple choice questions, one or more open questions and quantitative exercise.
During the lessons the active participation of the students and the individual contribution to the topics discussed in the classroom will be evaluated.

Lectures, in-depth seminars, discussions with students on texts, research materials, case studies

Italian

written

This subject deals with topics related to the macro-area "Human capital, health, education" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development