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Term 1
Aims:
To provide final year students
with the tools to extend the principles of macroeconomic theory and
policy to an international context; to present and interpret evidence
on capital flows, currency markets and the international transmission
of inflation and business cycles; and to explain debates on current
crisis and institutional reform.
Objectives:
By the end of the course, students should:
- be familiar with the most commonly used theoretical models of monetary and financial relations between national economies;
- be aware of the evidence concerning exchange-rate dynamics, purchasing power parity and international capital movements;
- understand debates over currency crises, exchange-rate regimes and institutional reform in their historical context, with particular reference to current controversies.
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Taught by: |
Beatriz Armendariz |
| Assessment: | The course comprises 20 hours of lectures and 4 compulsory tutorial classes with an exercise sheet for each. There will be a 2-hour unseen written examination in Term 3. |
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Suitable for: |
3rd year Economics (L100), Econ/Geog (LL17) and Phil/Econ (VL51) students. |
| Prerequisites: | Econ1001: Economics Micro/macro, ECON2004: Macroeconomic Theory and Policy (good knowledge of open-economy macroeconomics), and ECON2007: Quantitative Economics and Econometrics. |
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Moodle page: |
ECON3005 |
