International economics takes both the micro and macro perspectives to study how nations interact through trade of goods and services, flows of money, and investment. It can be divided into two interrelated subfields: international trade and international finance. This course adopts the macro perspective on international economics, building on the foundations developed in intermediate-level macroeconomics. It provides analytical tools and formal models to explain, in particular, balance of payments and exchange rate determination. Students can apply this set of tools and models to understand current international macroeconomic events, forecast the behavior of the global economy, and assess the impact of real world policy choices.
- Syllabus: Spring 2025
- Discord: Econ Hub
- YouTube: Business School 101
- Lecture 0: What is Economics
- Lecture 1: Introduction
- Lecture 2: National Income Accounting and Balance of Payments
- Lecture 3: Exchange Rates and Foreign Exchange Market
- Lecture 4: Money, Interest Rates, and Exchange Rates
- Lecture 5: Price Levels and Exchange Rate in Long Run
- Lecture 6: Output and Exchange Rate in Short Run
- Lecture 7: Fixed Exchange Rates and Foreign Exchange Intervention
- Supplementary: International Macroeconomics (by Schmitt-Grohe, Uribe, and Woodford)