THEORY OF ECONOMIC DEVELOPMENT AND INTERNATIONAL ECONOMIC RELATIONS
EXPECTED LEARNING OUTCOMES
Knowledge and understanding
The aim of the course is to present the way in which the international economic relations affect the economic conditions of the countries in the perspective of Sen’ approach to the development: human development theory.
Applying knowledge and understanding
The student has to become able to understand why import and export and international flow of capital can have a positive or negative influences on the evolution of wellbeing conditions of a countries. Furthermore she/he has to become able to understand the effect of different policies on international trade and development.
Further expected learning outcomes:
Making judgements: The student will be able to evaluate the economic situation of the countries both on the aspects of level of wellbeing of their population and on the effects of their openness.
Communication skills: Students will present their results through a written report and an oral presentation.
Learning skills: They will be able to search for additional data sources and to understand more complex statistical methods.
The course is divided un three parties:
1) The presentation of Sen’s Theory of Human Development: idea of the development as freedom, the categories of capability and functioning, the debate on the list of capabilities, the relationship between human development and economic growth, the human development index and the others indexes.
2) The presentations of the fundamental concepts of international trade and international monetary relations. The analysis of the impact of them on the macroeconomic performance. An introduction to international division of the labour.
3) The deepening of specific development problems chosen by the students.
Handouts provided by the teacher.
Learning results to be verified:
Interview and presentation of a paper. The exam will consist both of interview on parties 1 and 2 of the program and of power point presentation of a written paper on part 3 of the program.
Written and oral examination