Ec 1435 Macroeconomic Policy in the Global Economy

Semester: 

Spring

Offered: 

2013

Uses simple models and empirical methods to analyze key macroeconomic policy challenges confronting the world economy. Examines balance of payments, the determinants of exchange rates, fiscal policy, monetary policy, exchange rate policy, balance of payment crises, international macroeconomic dependence, financial globalization and the challenges facing developing economies. Considerable attention to recent policy debates surrounding the financial crisis, global imbalances, China's exchange rate policy, Sovereign Wealth Funds, the Euro and Europe's crisis, and Japan's lost decade. While sophisticated economic reasoning will be involved, purely mathematical technicalities will be kept to a minimum.

Course prerequisites: Students taking this course should have taken an intermediate macroeconomics class (1010b or 1011b). Knowledge of univariate calculus and basic statistics will be assumed.