Course Topics
1) Trade balance and the current account, determinants of exchange rates, market rate vs. Real Exchange Rate and PPP 2) Flexible versus fixed exchange rates, implications of imbalances on domestic monetary policy under different exchange rate regimes. 3) Sovereign debt, global crises and sustainable global development 4) Macroeconomics of climate change. 1) Network externalities 5) Platforms: definitions and typologies 6) Economics of platforms: value creation and monetization 7) Platform pricing: monopoly 8) Platform pricing: competition 9) Sources of market power in platforms and non platform markets - consumer inertia 10) Industrial policy in the era of tariffs 11) Artificial intelligence and effects on industry

Teaching format
Lectures, group presentation and applications to cases

Educational objectives
ILO (Intended Learning Outcomes) ILO 1 – Knowledge and Understanding: ILO 1.1 Knowledge of theories and tools for the economic analysis of firms and markets ILO 1.2 Understanding of basic forecasting models for conducting integrated economic and financial analyses, also using econometric methods for time series and multivariate analysis ILO 2 – Applying Knowledge and Understanding: ILO 2.1 Ability to understand the evolution of financial markets and changes in the international macroeconomic context ILO 2.2 Ability to analyse economic, managerial, and financial variables to support decision-making in companies and financial intermediaries ILO 3 – Making Judgements: ILO 3.1 Ability to relate models and empirical evidence in the study of companies, intermediaries, and financial markets ILO 4 – Communication Skills: ILO 4 Ability to communicate effectively, both orally and in writing, the specialised content of individual disciplines, using different registers depending on the audience and the communicative and educational purposes, and to assess the educational impact of such communication ILO 5 – Learning Skills: ILO 5.1 Ability to develop general models based on the phenomena studied

Assessment
The assessment takes into consideration the combined acquisition of the learning outcome reached by the students in the two modules. Over the course, attending students are expected to participate to class discussion based on readings and topic assigned in advance. They are also given a written final exam, project works, and oral presentations.

Evaluation criteria
The overall exam mark will be determined by the assessment of the two modules (M1+M2) For M1: For attending and non-attending students: individual written midterm exam (40%) and final exam (50%) plus teamwork (10%). 100% individual written final exam in case of missed mid-term exam. For M2: (non mandatory) in-class presentation (up to 30%) + individual written final exam (70% for students who have made the presentation, 100% for the others). Students are expected both to be able to solve formal economic models, to interpret and discuss empirical evidence and to discuss their implications. The evaluation of group work will be based on student's ability to understand the material presented and to expose it clearly. The evaluation of the final exam will depend on students' ability to understand the covered material and to apply it to cases in a structured and formal environment (for exercises) and in an unstructured environment (for open questions). ILOs assessed 1-5