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Global Economy & Digital Innovation

Modality: Presencial
Lasting: 4 weeks (12 ECTS)
1ª edition: from 24/06/2019 to 19/07/2019 (2 weeks in Barcelona, 2 weeks in Milan)
Call for applications: 24/06/2019
Languages: English

Business, Government and the Global Economy




  • Introduction and general concepts

    • Introduction to the world trading system
    • Trading patterns and trading flows around the world
    • Commercial specialization around the world
    • Trade comparative advantages and competitiveness
    • Comparative advantage vs absolute advantages
  • The long run: growth trade inequality and development

    • Introduction to long run growth
    • Growth facts.
    • Growth and inequality
    • Growth industrial development and specialization
  • The Competitiveness of Nations. The Role of Technology

    • The first obvious determinant of comparative advantages: technological differences.
    • The Ricardian Model - the role of technology.
    • The factors trade between advanced countries and poor countries.
  • The Competitiveness of Nations. The Role of Factor Endowment

    • The second obvious determinant of comparative advantages: differences in factor endowment.
    • The Hecksher Ohlin Model - the main determinant for comparative advantage and trade.
    • The factors trade between labour abundant countries and capital abundant countries.
  • Trade and Market Size

    • Dumping Case studies
    • Resource Trade, Outsourcing, and Product Fragmentation
    • Countries trade - factors of production.
    • Movement of capitals.
    • The key aspects of multinational firms and the problems associated.
  • Tariffs Taxes, And the International Trading System

    • The tools and reasons for restricting trade (quotas, import taxes, export subsidies etc.)
    • The international trading system and its reform
  • Gains from Trade Vs Pains from Trade

    • Protectionism vs free trade
    • Effects of trade policies on developing countries.
    • The key factors that are preventing poor countries from reaping the full benefits of free trade.
  • Trade and the Current Account

    • National accounting implications of a country trade surplus and or deficit.
    • Link between the trade balance and lending and borrowing with respect to the rest of the world.
    • New insight on the global financial crisis.


  • By the end of the course students are expected to be able to:
    • Analyse the determinants of competitiveness of nations
    • Understand the functioning of the world trading system
    • Understand the challenges of globalisation and market integration
    • Understand the different viewpoints on the European debt crisis