International Economics

(1.5 Credits)

This course covers advanced topics in international trade and macroeconomics. The trade topics include fundamental models of trade flows and their quantitative implementation, the role of firms in international trade, and the welfare gains from international trade. The macro topics include business cycles in advanced and emerging economies, macroeconomic and financial crises, the determination of exchange rates, the special role of the dollar, currency unions, and sovereign debt and default. Each topic is motivated with empirical evidence and presents a relevant theoretical framework, which involves dynamic optimization, general equilibrium and strategic interaction.