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International Macroeconomics

  • Teacher(s): P.Bacchetta
  • Course given in: English
  • ECTS Credits: 6 credits
  • Schedule: Spring Semester 2018-2019, 4.0h. course (weekly average)
  •  séances
  • site web du cours course website
  • Related programme: Master of Science (MSc) in Economics

 

Objectives

The objective of this course is twofold. First, it extends the first-semester macroeconomics course to the open economy. Second, it deals with selected topics in international macroeconomics.

Contents

The focus is on theoretical analysis, but empirical evidence and policy issues will also be discussed. The first part of the course deals with real models. It starts with the standard intertemporal approach to the current account and extends it in various directions to examine issues like global imbalances, international risk sharing, real exchange rate determinants, credit market imperfections, and sovereign debt. The second part of the course covers monetary models, with a focus on the nominal exchange rate and on balance-of-payments crises.

References

The textbook for this course is:

Philipp Harms, International Macroeconomics, Mohr Siebeck, 2016.

Evaluation

First attempt

Exam:
Written 2h00 hours
Documentation:
Not allowed
Calculator:
Not allowed
Evaluation:

There will be a class presentation, a midterm exam and a final exam. The exams are closed-book. The midterm counts 35% if the grade is better than the final exam. The final exam counts 35%, or 70% if the final grade is better than the idterm grade. The presentation counts 20%. Class participation counts 10%.

Retake

Exam:
Written 2h00 hours
Documentation:
Not allowed
Calculator:
Not allowed
Evaluation:

In case of a make-up exam, the midterm exam still counts 35% of the total grade if it is higher than the make-up exam grade. All exams are written 2-hour exams.



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