Macroeconomic Theory 2: International macroeconomics

Course Type: Undergraduate (2nd Year Core)

Course Description: This course introduces open economy macroeconomics

Mathematical Prerequisite: Calculus

Note 1: Attendance will be checked

Note 2: Quizzes will not be announced

Note 3: The FZ grade will be assigned to those who miss more than two lectures or fail the midterm exam (the cutoff is strictly 40 out of 100)

Note 4: You are not allowed to use electronic devices (e.g., mobile phones, tablets, laptops, etc.) in class 

Note 5: No appointment, no meeting. Some suggestion (click here)   

Grades: Class Participation and Quizzes (20%), Midterm Exam (40%), Final Exam (40%)

Textbook: "International Macroeconomics" by Stephanie Schmitt-Grohe, Martin Uribe and Michael Woodford (click here)

Course Contents: The plan is to cover the first six chapters of the assigned textbook, which are

1. Global imbalances

2. Current account sustainability

3. An intertemporal theory of the current account

4. Terms of trade, the world interest rate, tariffs, and the current account

5. Current account determination in a production economy

6. Uncertainty and the current account

but we can go beyond these if time permits.