Economics

This course covers the foundation of international political economy, theories and approaches in international political economy, changes in global political and economic orders, power relations and bargaining processes in international politics and their impact on allocation and distribution of economic resources, and transnational factor and resource mobilization.

This course covers key knowledge points in the tourism industry, starting with the overall characteristics of tourism under the trend of globalization. It is structured based on the "Four Major Tourism Characteristic Industries" recommended by the World Tourism Organization (TSA), and includes course designs for the travel agency industry, hotel industry, scenic spots (attractions) industry, and tourism transportation industry. From the perspectives of key customer groups and overall strategy, it provides a detailed analysis of the stage characteristics and development trends of these industries. Subsequently, the course focuses on important supporting related industries such as the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry and the aviation industry.

This course introduces basic facts and theoretical models regarding economic interconnections within an increasingly integrated world. The course provides students a global view and understanding of interdependence among all countries. Its content includes a current and an historical overview of trade and its impact on economic growth, the classic theory of free trade, recent developments in theoretical models and relevant empirical evidence and major policy issues arising in open economies that are becoming more relevant today. The course covers traditional (neoclassical) economics and also discuss various challenges presented to such a framework, especially based on experience of developing countries.

This course examines the functions of financial markets in society. It starts with the history of financial markets, then turns to a non-technical introduction to modern finance theory. Based on a solid understanding of the theory, students are able to interpret information revealed by financial markets and to recognize common abuses of such information in policy-making. The last part of the course concerns the interaction between finance and politics, i.e. how legislation and regulation directly influence the structure of financial markets and how players in these markets intervene in the political process to create or modify legislative and regulatory outcomes. Students participate in economic experiments that illustrate the fragility of financial markets.

The course builds upon ECO1011S and provides the analytical tools and formal models to explain the behavior of output, inflation, employment, interest rates, and other economic aggregates. These tools are used to understand current economic issues, forecast the behavior of the economy, and assess the impact of policy choices. The course allows students to understand the behavior of households, firms, governments and Central Banks. It starts with analyzing the short run behavior of the economy and then moves on to explore the open economy and exchange rates. Finally, it looks at the long run and assesses the role of technology and population growth on aggregate economic growth using the Solow growth model. Course entry requirements: ECO1010, ECO1011 and MAM1010 (or an equivalent) or MAM1031F or MAM1032S. 

This course covers international economics in general, including international trade theory, international trade policy, international finance, and international organizations. This course introduces the economic principles of international trade of goods and capital movement in the global economy. 

Topics include Ricardian trade model, Heckscher-Ohlin trade model, Specific factors model, External economies of scale and trade, Firms in the global economy, Instruments of trade policy, Political economy of trade policy, Exchange and interest rates, Financial globalization and more. 

It is recommended that students take microeconomic theory and macroeconomic theory first before taking this course. 

This course examines the main issues of the economic development in Chile, highlighting its strengths and challenges. Topics include historical social development, the Chilean Pension system, labor markets and informality, privatization, regulation and competition policy, trade policy, and relation of fiscal policy and economic development.

This advanced course builds on prerequisite courses in business administration and economics, such as financial accounting, intermediate accounting, financial management, statistics, and economics. This course strengthens an in-depth and balanced view of the usefulness and limitations of financial statement analysis and corporate valuation concepts.  

Topics include Capital raising priorities and investment decisions, Expected shareholder return and performance evaluation, Weighted average cost of capital and return on invested capital, Growth strategy and financial debt, Importance of working capital management, financial liabilities and operating liabilities, New capital securities and investment decisions, Performance evaluation and income statement, Operating cash flow and EBITDA, Strategies and valuation for improving intrinsic value, Utilization of PBR and PER concepts, Diversification and concentration strategies.  

This course is part of the Laurea Magistrale degree program and is intended for advanced level students. Enrollment is by permission of the instructor. This is an applied course on international development economics, organized around a few selected topics. The course offers the theoretical and analytical tools is to understand the different interpretations of social and economic development - in its evolving features - both at the country and at the international level. With the objective of providing the basic context for correctly framing the Sustainable Development Goals, the course focuses on issues such as poverty, hunger, inequality, migration, and unbalanced development. The experience of the so-called emerging countries is one of the points of view. Students acquire the ability to tackle the problems of economic development and competition in an applied and comparative perspective, with thematic in-depth applications.

This is an advanced and critical course on issues of international development in light of the Sustainable Development Goals (SDGs). The course covers the following topics, analyzing and comparing different positions: Poverty definitions and measures; Poverty statistical evidence; Economic inequality definitions and measures; The Kuznets curve relationship between income growth and inequality; The debate after Kuznets; World inequality recent trends; Inequality in income and wealth in the long run; World inequality recent trends; Climate change and development: who and what is causing it, climate change inequality; Assessing the consequences of climate change; How has the world economic order changed in the last two centuries; Where is the world heading: globalization and the current international economic order; International relations, the economic order and the new geography of world economic power.

This course examines the major achievements of behavioral economics focusing on theory and empirical evidence, and introduces policy design and evaluation based on insights into human behavior changes.  

Unlike traditional economics, which understands human decision-making and behavioral changes based on the assumption of human rationality and standard preferences, behavioral economics has broadened its scope to expand human decision-making models and develop new policy tools to induce behavioral changes based on the incorporation of recent studies and contributions of psychology and other fields.  

Students explore these new interpretations and learn about recent applications and newly defined understanding of human beings and their economic behavior. 

Students who wish to take this course are required to have an appropriate level of knowledge of microeconomics and economic statistics.