INTERNATIONAL MONETARY ECONOMICS
On completion of this course, students should:
• Have improved their mastery of economic- and business-related concepts;
• Have performed graphical and quantitative treatment of the theories;
• Have made relevant connections between theory and real-world examples, through references to media material, readings or case studies;
• Find an increased interest to read economic and business-related materials in the media.
You are expected to be comfortable with basic Micro-/Macroeconomics, Economic Principles Introduction to Economic Analysis and Algebra.
This course presents International Monetary Economics theory and applies it towards gaining an understanding of recent events and current policy issues. The theory presented in this course covers a broad range of topics including exchange rate determination, monetary and fiscal policy in an open economy (that is, an economy that trades goods and assets with the rest of the world), balance of payments crises, the choice of exchange rate systems, and international debt. The insights provided by these theoretical frameworks will enable us to discuss topics such as the US current account deficit and global financial imbalances, the Chinese exchange rate regime, proposed changes in the international financial architecture, the single currency in Europe, the Asian and Argentine financial crises, global financial imbalances, and the role of international factors on a nations employment, wage and economic performance.
Corse will rely on an interactive conversation with class based on Notes, slides, articles and deliverables that will be posted on the course website. I strongly encourage you to check the announcements at least once a week to keep up-to-date about upcoming assignments, discussion topics and readings.
(1) "International Finance: Theory and Policy", Paul R. Krugman, Maurice Obstfeld, Marc Melitz, 11th Global Edition, 2018
(2) "Economics of Monetary Union", Paul De Grauwe; 12 Edition, 2018
(3) Articles. An important component of the class will be discussions of current news items.
Couse valuation will be based on 3 main components:
1)Exams. There will be two exams. The midterm is in class at the end of April (20/04-24/04). The final exam date will be announced late May/early June.
2)Quizzes. Couse will consider 4 quizzes (2 for the first half of the semester and 2 for the second part) that will take place in the first 10-15 minutes of class. The quizzes intend to encourage each student to do the assigned reading and review the previous course material before class.
3)Class participation. It’s important to integrate what you learn and be able to express it effectively. Your participation grade will be based on the quality (not quantity) of your contributions to class sessions.