INTERNATIONAL ECONOMICS*

概要

This course is designed to provide students with a toolkit to analyze various issues of international finance using theories of open economy macroeconomics. The course begins by examining how different international financial transactions are recorded in the system of balance of payments. Next, we study intertemporal models of current account determination to examine global imbalances. We also study the determinants of long-run movements of real exchange rates and the factors that influence the deviations from the purchasing power parity. The short-run dynamics of exchange rates will be also discussed as well as the effects of various economic policies on the determination of output and exchange rates. Finally, we examine the effects of fixed exchange rate regimes and various theories of currency crises.

目標

Students who have successfully completed this course should be able to: 1. use a set of skills to analyze various issues of international finance, including global imbalances, the determination of exchange rates, the interactions between aggregate macroeconomic variables and the exchange rates, and the effects of economic policies on the exchange rates. 2. understand how to apply macroeconomic theories to various recent policy debates, such as the choice of exchange rate regimes and currency crises.

授業外の学習

- Assigned readings (50 min) - Reviewing class materials (90 min) - Preparation for presentations (50 min)

所要時間: 190 minutes