040651 UK International Macroeconomics (BA) (2013W)
Continuous assessment of course work
Labels
This is a course for advanced bachelor students in economics. Knowledge of Microeconomics and Macroeconomics at the level taught in the economics bachelor is required.
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Fr 06.09.2013 09:00 to Fr 20.09.2013 14:00
- Registration is open from We 25.09.2013 09:00 to Th 26.09.2013 17:00
- Deregistration possible until Mo 14.10.2013 23:59
Details
max. 60 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
- Tuesday 01.10. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 08.10. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 15.10. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 22.10. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 29.10. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 05.11. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 12.11. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Monday 18.11. 20:00 - 22:00 Studierzone
- Tuesday 19.11. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Thursday 21.11. 19:00 - 21:00 Studierzone
- Tuesday 26.11. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 03.12. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 10.12. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 17.12. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 07.01. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Monday 13.01. 20:00 - 21:30 Studierzone
- Tuesday 14.01. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 21.01. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 28.01. 14:00 - 16:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Information
Aims, contents and method of the course
Assessment and permitted materials
Grades will be based on problem sets (20 %), a midterm (40 %) and a final exam (40 %). Students can deregister from the course and to the end of October.
Minimum requirements and assessment criteria
The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts.
Examination topics
The course will have a lecture structure.
Reading list
The main texts for the course are:
P. Krugman and M. Obstfeld International Economics: Theory and Policy, Eighth edition, Pearson Addison Wesley (K&O),
R. Feenstra and A. Taylor, International Economics, First Edition, Worth Publishers (F&T).
S. Schmitt-Grohe and M. Uribe: International Macroeconomics, Lecture Notes, Duke University (S&U).Topic 1 National income accounts and the balance of payments accounts.
K&O chapter 12., F&T chapter 16.Topic 2 Asset trade: international borrowing and lending, the current account, and international portfolio diversification.
K&O: chapters 7 and 21, F&T: chapter 17, S&U, chapters 2& 3, Maurice Obstfeld and Kenneth Rogoff (1996): Foundations of International Macroeconomics, MIT Press, chapter 1.
Rodrik, Dani and Arvind Subramanian (2008): Why Did Financial Globalization Disappoint?, manuscript, Harvard.
Prasad E., K. Rogoff, S. Wei and A. Kose (2003): Effects of Financial Globalization on Developing Countries: Some Empirical Evidence, IMF Occasional Paper No. 220.Topic 3 Asset markets and the exchange rate.
K&O: chapters 13-14., F&T: chapters 13 & 15Topic 4 Prices and exchange rates in the long run.
K&O: chapter 15, F&T: chapter 14Topic 5 Output and the exchange rate in the short run.
K&O: chapter 16, F&T: chapter 17Topic 6 Fixed exchange rates and foreign exchange intervention.
K&O: chapter 17 & 19, F&T: chapter 19Topic 7 Currency crises and speculative attacks.
K&O chapter 17, F&T: chapter 20.
Krugman P., The Return of Depression Economics and the Crisis of 2008, PenguinTopic 8 Sovereign Debt & Default
Burda M. and Ch. Wyplosz: Macroeconomics, Fourth Edition, Oxford University Press: chapters 15 (4) and 15(5), F&T: chapter 22 (3)
P. Krugman and M. Obstfeld International Economics: Theory and Policy, Eighth edition, Pearson Addison Wesley (K&O),
R. Feenstra and A. Taylor, International Economics, First Edition, Worth Publishers (F&T).
S. Schmitt-Grohe and M. Uribe: International Macroeconomics, Lecture Notes, Duke University (S&U).Topic 1 National income accounts and the balance of payments accounts.
K&O chapter 12., F&T chapter 16.Topic 2 Asset trade: international borrowing and lending, the current account, and international portfolio diversification.
K&O: chapters 7 and 21, F&T: chapter 17, S&U, chapters 2& 3, Maurice Obstfeld and Kenneth Rogoff (1996): Foundations of International Macroeconomics, MIT Press, chapter 1.
Rodrik, Dani and Arvind Subramanian (2008): Why Did Financial Globalization Disappoint?, manuscript, Harvard.
Prasad E., K. Rogoff, S. Wei and A. Kose (2003): Effects of Financial Globalization on Developing Countries: Some Empirical Evidence, IMF Occasional Paper No. 220.Topic 3 Asset markets and the exchange rate.
K&O: chapters 13-14., F&T: chapters 13 & 15Topic 4 Prices and exchange rates in the long run.
K&O: chapter 15, F&T: chapter 14Topic 5 Output and the exchange rate in the short run.
K&O: chapter 16, F&T: chapter 17Topic 6 Fixed exchange rates and foreign exchange intervention.
K&O: chapter 17 & 19, F&T: chapter 19Topic 7 Currency crises and speculative attacks.
K&O chapter 17, F&T: chapter 20.
Krugman P., The Return of Depression Economics and the Crisis of 2008, PenguinTopic 8 Sovereign Debt & Default
Burda M. and Ch. Wyplosz: Macroeconomics, Fourth Edition, Oxford University Press: chapters 15 (4) and 15(5), F&T: chapter 22 (3)
Association in the course directory
Last modified: Mo 07.09.2020 15:29
Topics covered include: international financial markets and the gains from international financial integration, the foreign exchange market and the determination of exchange rates; monetary and fiscal policy in open economies; the different approaches to the balance of payments and balance of payments crises; open macro-economic policy; and sovereign debt crises.