ISSUES IN INTERNATIONAL MACROECONOMICS
Examines the macroeconomics of open economies (countries that can trade goods and assets with other countries). Takes a systematic approach to building and examining macroeconomic models of the open economy, to try to understand the determination of output and employment, trade balance, capital flows, the foreign currency exchange rate, international prices, and the role of uncertainty and asset choice.
Prerequisites & course information
Requisites: ( ECON 302 or 312 ), ECON 310 , and (MATH 217 or 221 ), or graduate/professional standing Course Designation: Core GenEd - Social & Behavioral Science Breadth - Social Science Level - Advanced L&S Credit - L&S Liberal Arts and Science Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Spring 2026 Learning Outcomes: 1. Identify how international economic models help us to understand real world data such as exchange rates, output in open economies and the trade balance (inquiry and analysis) Audience: Both Grad & Undergrad 2. Build and apply general equilibrium models of the international economy (critical and creative thinking) Audience: Both Grad & Undergrad 3. Practice mathematical skills through homework and exams (quantitative literacy) Audience: Both Grad & Undergrad 4. Examine how macroeconomic institutions vary across countries and how those influence macroeconomic outcomes Audience: Both Grad & Undergrad 5. Program and numerically solve a dynamic economic model Audience: Graduate 6. Identify a research topic and develop a detailed paper proposal Audience: Graduate Learning Outcomes: 1. Identify how international economic models help us to understand real world data such as exchange rates, output in open economies and the trade balance (inquiry and analysis) Audience: Both Grad & Undergrad 2. Build and apply general equilibrium models of the international economy (critical and creative thinking) Audience: Both Grad & Undergrad 3. Practice mathematical skills through homework and exams (quantitative literacy) Audience: Both Grad & Undergrad 4. Examine how macroeconomic institutions vary across countries and how those influence macroeconomic outcomes Audience: Both Grad & Undergrad 5. Program and numerically solve a dynamic economic model Audience: Graduate 6. Identify a research topic and develop a detailed paper proposal Audience: Graduate
Sources
- Course catalogue ↗2026-2027