Applied Macro- and International Economics II
Establishes understanding of the development processes of societies and economies. Studies several dimensions of sustainability (environmental, social, political, institutional, economy, organizational, relational, and personal) and the balance among them. Explores the basics of governmental intervention, focusing on areas such as the judicial system, environment, social security, and health. Builds skills to determine what type of policy is most appropriate. Considers implications of new technologies on the financial sector: internationalization of currencies, mobile payment systems, and cryptocurrencies. Discusses the institutional framework to ensure choices are sustainable across all dimensions and applications.
Spring 2016
This course seeks to establish understanding of the development processes of societies and economies by studying several dimensions of sustainability (environmental, social, political, institutional, economy, organizational, relational, and personal) and the balance among them. It explores the basics of governmental intervention, focusing on areas such as the judicial system, environment, social security, and health, and builds skills to determine what type of policy is most appropriate. We also consider implications of new technologies on the financial sector: Internationalization of currencies, mobile payment systems, and cryptocurrencies, and discuss the institutional framework to ensure choices are sustainable across all dimensions and applications.
Readings
- [FT] = Feenstra, and Taylor. International Economics . Worth Publishers, 2014. ISBN: 9781429278423.
- [JG] = Gruber, Jonathan. Public Finance and Public Policy . Worth Publishers, 2015. ISBN: 9781464143335.
- [FT] Chapter 16: National and International Accounts.
- [FT] Chapter 2: Trade and Technology: The Ricardian Model.
- [MIM] Chapter 18: Preliminaries on Public Finance.
- [JG] Chapter 7: Public Goods: Problems and Solutions.
- [JG] Chapter 13: Social Security.
- 13 · Market Faillure: Public Choice: Democracy · [JG] Chapter 9: Implementing Public Goods: Political Economy and Public Choice.
- [JG] Chapter 5: Externalities: Problems and Solutions.
- [JG] Chapter 6: Externalities in Action: Environmental and Health Externalities.
- [JG] Chapters 12 and 17.
Prerequisites & course information
Prereq: None G (Spring; first half of term) 4-0-2 units
Sources
- Course catalogue ↗2026–2027
- MIT OpenCourseWare ↗Spring 2016
- MIT OCW syllabus ↗
- MIT OCW readings ↗
- Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.