TO BE CROSS-LISTED IN FAS AS ECON 1550.
The course deals with the macroeconomics of open economies. The emphasis will be on models appropriate to major countries. Topics include the foreign exchange market, devaluation, and import and export elasticities; the simultaneous determination of the trade balance, national income, the balance of payments, money flows and price levels; capital flows and our internationallyintegrated financial markets; monetary and fiscal policy in open economies; international macroeconomic interdependence and policy coordination; supply relationships, inflation, and nominal anchors for monetary policy; currency unions, the determination of exchange rates in international money markets; and international portfolio diversification.
|2020 Lectures: Tues-Th.||2:45 PM - 4:00 PM|