Colombo Emilio

Emilio Colombo, (Msc, PhD University of Southampton), is Professor of Economics at the Università Cattolica del Sacro Cuore, Milan; previously he held positions at the University of Milano Bicocca. He is the author of several articles in leading international journals, he has taught and delivered more than 50 seminars in international universities. His research interests are in the field of international economics, macroeconomics, applied economics and labour economics.

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The Open Economy: Theory and Policy
This teaching unit is an introductory course in Macroeconomics and International Economics. The aim of the course is to provide the basic tools for understanding the major issues in open economy macroeconomics and to be able to grasp the details of the subsequent courses in Economics that will be offered during the Master. The main topics covered in the course are the following: National accounting: income, consumption and savings; Investment, public expenditure and taxation, import and export; The inter temporal approach to the current account; External financing and debt sustainability. The problem of global imbalances; Aggregate supply and aggregate demand; Economic cycles, inflation and unemployment.



Economics of emerging markets and country risk
The course provides an overview of the characteristics of emerging countries and the role they play within the international financial system. The critical elements of emerging countries will be illustrated with a particular emphasis on both the recent episodes of the financial crisis and the ongoing globalization process. The topics related to the choice of the exchange rate regime and the effects that the exchange rate regime has on the macroeconomic performances of the countries will also be discussed. The final part of the module concerns the analysis of the factors that determine the country risk.



Money and Finance in Open Economies
The course addresses national accounting (income, consumption and savings); investment, public expenditure and taxation, import and export; the intertemporal approach to the current account; external financing and debt sustainability; the problem of global imbalances; aggregate supply and aggregate demand; economic cycles, inflation and unemployment.


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