Open Economy Macrofinance

2 Credits

This class will focus on the operation of an economy in an international context, exploring the determination of interest rates and exchange rates, output and inflation, trade and capital flows, and the sustainability of current account deficits and public debt. While the course builds a foundation of macroeconomics, it is also about finance — how economic activity affects financial markets, and how financial markets affect economic activity. It will be concerned with both theory and policies.