INTERNATIONAL ECONOMICS

National Income Accounting and the Balance of Payments Extend national income accounts to the open economy in order to incorporate international transactions. Exchange Rates and the Foreign Exchange Market: An Asset Ma ...

National Income Accounting and the Balance of Payments Extend national income accounts to the open economy in order to incorporate international transactions. Exchange Rates and the Foreign Exchange Market: An Asset Market Approach Consider the role of the exchange rates in international trade, and how exchange rates are determined. Money, Interest Rates, and Exchange Rates Build a model to examine how monetary developments influence exchange rates. Price Levels and the Exchange Rate in the Long Run Extend the model to understand how exchange rates behave in the longrun. Output and the Exchange Rate in the Short Run, Study how output is determined by combining models of exchange rate determination with a theory of output determination in the short run. Fixed Exchange Rates and Foreign Exchange Intervention Examine how authorities can fix their country’s exchange rate, and how this can affect the economy. International Monetary Systems: An Historical Overview Present a historical overview of the international monetary system, as well as its key players. Optimum Currency Areas and the European Experience Study the tradeoffs between different types of exchange regime arrangements, focusing on Europe’s experience of monetary unification. Financial Globalization: Opportunity and Crisis Examine the benefits and risks of the international capital market, and what caused its rapid growth over the past 50 years. Developing Countries: Growth, Crisis, and Reform Study developing countries’ past experiences and challenges, as well as Their potential gains from participation in the international capital market.