Full course description
This course provides a detailed insight into global economic issues. The course starts with an overview of modern theory of international trade. After this, the determination of exchange rates is analyzed. Finally, the course addresses a number of issues in open macroeconomics, including the working of monetary and fiscal policy, and the economics of the euro. This background will be used to discuss and to critically evaluate current developments in the world economy, such as the current crisis, globalization, monetary and fiscal policy in the euro area and whether China should appreciate its yuan or not.
- To introduce students to international (macro)economics, with an emphasis on the link between theory, empirics and current policy debates.
- To provide students with the tools required to understand coverage of macroeconomic issues in the popular discourse.
SSC1027 Principles of Economics. Knowledge of basic mathematical concepts such as solving equations, reading and working with graphs is a prerequisite, as well as the knowledge of general
macroeconomic indicators and concepts.
- Feenstra, R.C. and A.M. Taylor, International Macroeconomics, Worth, 4th , 2017