International Economic Policy (2016/2017)

Learning outcomes

The aim of the course of International Political Economy is to provide students with analytical and conceptual tools to understand international macroeconomic developments, with special reference to monetary and fiscal politicy issues.

At the end of the course the student should be able to:
 know and understand the main issues in international monetary economics;
 applying knowledge and understanding to monetary policy in the short- and long-run, to exchange rate theories, to the consequnces of fixed and flexible exchage rate regimes, to international movements of capital, to international financial crises and the policies implemented by domestic and international policy makers to counteract them;
 making judgements with respect to the issues that have been discussed in the course;
 written communication skills;
 learning skills.

National Income Accounting and the Balance of Payments
Exchange Rates and the Foreign Exchange Market: An Asset Approach
Money, Interest Rates, and Exchange Rates
Price Levels and the Exchange Rate in the Long Run
Output and the Exchange Rate in the Short Run
Fixed Exchange Rates and Foreign Exchange
International Monetary Systems: An Historical Overview
Optimum Currency Areas and the European Experience
Financial Globalization: Opportunity and Crisis
Developing Countries: Growth, Crisis, and Reform

Textbook
Krugman, Obstfeld, and Melitz International Economics: Theory and Policy, 10/e, Pearson (Chapters 13 through 22).

90-minute written examination with four open questions.

STUDENT MODULE EVALUATION - 2016/2017