Course Description
A general equilibrium treatment of commodity and intra-industry trade, international capital mobility, and immigration, with treatments of alternative government policies including free trade, import tariffs and subsidies, export taxes and subsidies, quotas, and voluntary export restraints.
Athena Title
INTERN ECON I
Prerequisite
ECON 8010
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
The area of international macroeconomics is one of the most active in macroeconomics. This course surveys some of the recent developments in the field. Focusing both on the real and monetary aspects, this course emphasizes the development and analysis of internally consistent and well-specified dynamic models.
Topical Outline
Dynamics of Open Economies: The Basic Models Real Exchange Rates and Relative Prices Uncertainty and Financial Markets Sovereign Risk Economic Growth in a Small Open Economy Exchange Rate Regimes and Exchange Rate Management Two-Country Models and Macroeconomic Interdependence: The "New" Open Economy Macroeconomics Balance of Payments Crisis International Real Business Cycles