Full course description
In this course we investigate international economic relations. We discuss channels through which nations are economically connected. This involves analysing the dynamics of international markets for goods, capital, and currencies. We discuss how effects of macroeconomic policies are transmitted from country to country through these channels and how fiscal and monetary policies can contribute to fostering economic integration. This is particularly important in a European context. The focus on Europe is shared with the (sister) course “Making a European Market”. We complement this course by taking a distinct macroeconomic perspective.
At the end of this course, students will:
- know how cross-border movements of currencies, goods, and capital affect domestic economic outcomes;
- know how policies can contribute to economic integration • know how macroeconomic policies are conducted in the EU;
- and, most importantly, will be familiar with economic arguments and know how to use them when contributing to current economic policy debates.
- Feenstra, R.C. and A.M. Taylor, International Economics, 4th international edition, Worth Publishers, 2017.
- Baldwin, R. and C. Wyplosz, The Economics of European Integration, 6th edition, McGraw Hill, 2020 (or the FASoS custom print of this book).