INTERNATIONAL ECONOMICS (A) 2018/2019

Course Formative Objectives

To give students a better understanding of international macroeconomics

Course Contents

Topics in open economy macroeconomics. Analysis of theoretical models and presentation of empirical data. Discussion of selected issues: globalization of the world economy, sovereign debt crises, global imbalances, emerging markets, etc.

Extended Program And Reference Reading Material

Week 1The Global Macroeconomy
Week 2Introduction to Exchange Rates and the Foreign Exchange Market
Week 3Arbitrage and Interest Rates
Week 4Purchasing Power Parity
Week 5The Monetary Approach in the Long Run
Week 6The Asset Approach in the Short Run
Week 7National and International Accounts
Week 8The BoP I: The Gains from Financial Globalization
Week 9The BoP II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
Week 10International Monetary Experience
Week 11Exchange Rate Crises
Week 12The Euro


The course will be based on class presentations and materials included in
the following textbook: Feenstra R.C. and Taylor A., International Macroeconomics, 4th Ed., 2017