SyllabusGBE22.pdfSyllabusGBE22.pdf

Summary

This course gives the framework and tools for understanding economic events, taking financial decisions and evaluating investment opportunities in a global economy. It builds up an integrated model of exchange rate and output determination, and explains how monetary and fiscal policies work.

Content

1. National Income Accounting, the Current Account, Saving and Investment
2. Exchange Rates and the Foreign Exchange Market: An Asset Approach
3. Money, Interest Rates and Exchange Rates: Conventional Monetary Policy
4. Unconventional Monetary Policy and the Global Financial Crisis
5. Price Level and the Exchange Rate in the Long Run
6. Output and the Exchange Rate in the Short Run with Flexible Exchange Rates
7. Fixed Exchange Rates, Currency Crises and the Swiss Franc Appreciation
8. Currency Unions and the European Experience
9. The Return of Inflation
10. Energy Crisis