I aim to help students learn in an open and interactive environment how to think about complex economic issues and develop simplified but insightful frameworks, and more generally, to apply this way of thinking into decision making in their personal, professional, and especially public policy activities.
I teach International Macroeconomics for graduate students, covering the following topics:
The global macroeconomy
Macroeconomic accounting for an open economy
The current account in a two-period endowment economy I: intertemporal trade and welfare gains
The current account in a two-period endowment economy II: output shocks and fiscal shocks
The current account in a two-period endowment economy III: uncertainty and precautionary saving
The current account in a two-period production economy I: consumption smoothing and investment financing
The current account in a two-period production economy II: productivity shocks and fiscal shocks
The current account dynamics and external debt sustainability
Case study: Sri Lanka's debt crisis
The life cycle, tax policy and the current account
The life cycle, demographic change and external balances
Tradable vs non-tradable goods and real exchange rates
Money and nominal exchange rates
Case study: Papua New Guinea's exchange rate issues
The international monetary system
Fiscal and monetary policies in open economies
Natural resources and real exchange rates: The Dutch disease
Climate policies and external balances