International Economics II

4 Credits.

Covers the basic theory underlying international macroeconomics. Topics include international financial markets and the macroeconomics of open economies; balance of payments and the trade balance; exchange rates and the foreign exchange market; expectations, interest rates and capital flows; monetary and fiscal policy in open economies; exchange rate regimes; and macroeconomic policy in open economies. Basic algebra will be used in this class. This course is a prerequisite to most upper-level economics courses.