MACROECONOMICS OF OPEN ECONOMIES

Time & Location:

Lecture:

Room:

Start:




Examination:

Written examination: 90 min. (6 CP)




Examination date:

Date:

Room:




Examination requirements:






Admission requirements:

none




Recommended previous knowledge:

• Macroeconomics


• Mathematics for Economists


• Econometrics as taught in the Bachelor courses

Learning outcome, core skills:

After a successful participation, students have a deep understanding of core concepts in international macroeconomics including current account determination, international capital flows, global imbalances, exchange rate determination, and sovereign debt. They familiarize themselves with the standard two-period dynamic model of international macro and apply it to understand phenomena like twin deficits, aggregate demand shocks, sudden stops, and the European balance of payment crisis. Students learn to critically assess the pros and cons of fix and flexible exchange rates, and the effects of capital account liberalization on economic development.




Course contents:






Course frequency:

Every Semester