Econ 412 is a field course in International Macroeconomics. This class offers you a rigorous first step in thinking about current topics in international macroeconomics and finance. We achieve this goal by developing a theoretical framework for analyzing the determinants of global capital movements, trade imbalances, and nominal and real exchange rates determination. We use the conceptual framework we develop in class as the basis for the discussion of policy issues. Some of the policy issues we discuss are the emergence of the U.S. as the most significant foreign debtor, global trade imbalances, developing-country debt crises debt default, and balance-of-payment crises.

Course Requirements:

There will be two midterm exams and a final, all of them in person. Midterms exams are not cumulative in the sense that each of them will focus on lectures that were not part of the previous one(s). The final exam is cumulative: It covers all the topics that we saw in this course.

Class Format:

Lectures will be in-person, and we will meet in the assigned time slot.