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International Monetary Economics
Last Updated: 2026-02-05 15:42:30
Abstract
What determines the foreign exchange rate in the short- and long-term? What are the effects of monetary and fiscal policy in an open economy? What drives a country's choice of the foreign exchange rate regime and why are some countries more prone to financial crises than others? A number of simple theoretical frameworks will be developed that allow us to discuss recent economic policy issues.
Objective
The core objective of the course is to develop simple macroeconomic models of open economies that can be usefully applied to international economic phenomena ranging from global financial imbalances, the Chinese exchange rate regime, the European Monetary Union, reform proposals for the international financial architecture, to global financial crises.
Resources
Lecture Notes
Lecture notes will be made available via Moodle.
Literature
Krugman, Paul, Maurice Obstfeld and Marc Melitz (2019), International Economics, Theory and Policy, 11th Global Edition, Pearson.
General Information
- Language
- English
- Levels
- MSC
- Frequency
- Yearly recurring
Examination
- Type
- session examination
- Mode
- written 90 minutes
- Aids
- Non-programmable calculator and dictionary allowed.
Course Components
| Type | Title | Time & Place | Hours |
|---|---|---|---|
| lecture |
International Monetary Economics
Does not take place this semester.
|
No time listed | 2 h weekly |