ITF-220: Economics of International Financial Policy

Semester: Spring

Credit: 1.0

Faculty: Jeffrey Frankel

Schedule

Day Time Location
First Day 1/25
Meet Day M/W 2:40 PM - 4:00 PM RG-20
Review F 2:40 PM - 4:00 PM STARR

Description

This course deals with the macroeconomics of open economies. The emphasis will be on models appropriate to major countries. Topics covered include: the foreign exchange market, devaluation, and import and export elasticities; the simultaneous determination of the trade balance, national income, the balance of payments, money flows, and price levels; capital flows and our increasingly integrated financial markets; monetary and fiscal policy in open economies; international macroeconomic interdependence and policy coordination; supply relationships and nominal anchors for monetary policy; the determination of exchange rates in international money markets; and international portfolio diversification. Prerequisites: Microeconomics at the level of API-101 and macroeconomics at the level of API-121.

Also offered by the Economics Department as Econ. 1531. May not be taken for credit with Econ. 1530.