International Finance (Open Economy Macro)

3 Credits.

[formerly 440.619] This course provides an overview of open economy macroeconomics, and international financial markets and policies. The focus is on exchange rate determination, the importance of the balance of payments for both the domestic economy and the economies of other countries, international capital flows, the impact of internal debt on the balance of trade, and the interaction and potential conflicts between domestic and international economic policy objectives.Prerequisite: 440.602 Macroeconomic Theory. Corequisite: 440.601 Microeconomic Theory; 440.606 Econometrics.