F1IP 4105 - The New Order in Global Economy and Finance: The Reform of International Global Economic Governance

Global economic governance is the result of the interaction of international financial institutions and treaties with inter-governmental, informal groups like the G7 and the G20. The course analyses different aspects of the radical and pervasive transformation in global governance set in motion by the 2008 financial crisis, resorting to methods and insights from economics, political economy and international relations. It exposes students to the key policy issues involved in the transformation of global governance, including the major rebalancing of power in favour of emerging market countries, the issue of sustainable development, the re-regulation of finance, the emerging de-globalization trend and the role of Europe and the euro.

Learning Outcomes

By the end of the course students will:

1. become critically acquainted with the fundamental institutional architecture underpinning global economic governance;
2. master the key analytical tools and be familiar with the historical elements necessary to evaluate the outstanding policy issues in global economy and finance in a consistent and proficient manner;
3. possess the conceptual and methodological skills to assess the different economic policy prescriptions advanced by the major countries to control inflation while supporting growth;
4. be able to apply the concepts learned in the course to develop and motivate independent ideas on the way to address current international controversies on economic and financial policies.

Professional Skills

By the end of the course student will have in particular developed or strengthened the following skills:

1. Research and Analysis (through the research work necessary to write the final essay);
2. Critical thinking (through the preparation necessary to actively and originally participate in the seminars that are part of the course);
3. Oral communication (through the effective and convincing delivery of one's argument in the collective discussion during the seminars and the classes).

Carlo MONTICELLI

Séminaire

English

- In Class “Presence” (including discussion): 20 hours a semester

- Online learning activities (seminars): 4 hours a semester

- Reading and Preparation for Class: 30 hours a semester

- Research and Preparation for Group Work: 26 hours a semester

- Research and Writing for Individual Assessments: 70 hours a semester

Autumn 2024-2025

The assessment is based on three elements (in parenthesis % of each assessment in the final average grade):

(i) On line one-hour test, answering 3 questions out of 6, in one hour (15%)
(ii) Class participation during the course, including seminars (20%)
(iii) Final essay (3500 words) with a topic to be selected among five (65%)

Feedback will be provided both collectively and individually; collectively, during classes providing guidance on the way to improve class discussions, as regards both analysis and communication; individually, in bilateral session at the request of the students following the grading of (i) and (iii) tests.