International Finance

An introduction to open-economy macroeconomics and international finance. How international trade in goods and services and cross-border capital flows shape macroeconomic and financial outcomes. Topics include inflation, output, employment, interest rates, exchange rates, and asset prices; the current account and balance of payments; nominal and real exchange rates; the international monetary system; fixed and flexible exchange rate regimes; monetary and fiscal policy in open economies; the international monetary system; the gold standard and Bretton Woods system; tradeoffs among internal, external, social, and environmental balance.