coursemapLoading course
Crawford School of Public Policy · ANU College of Law, Governance and Policy
This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes. This course provides detailed coverage of key issues and models in international macroeconomics. Students will study and analyse open-economy models to understand the determination of current account balances, international capital flows, the real exchange rate, the nominal exchange rate, implications of exchange rate regimes, and fiscal and monetary policies in open economies. The course further extends the models to analyse international impacts of contemporary global issues including sovereign debt, population ageing, resource booms and busts, and climate policies.
Quiz
Learning outcomes 1, 2, 5
Mid-term essay (1,500 words)
Learning outcomes 1, 2, 3, 4, 5
Final group essay (3,000 words)
Learning outcomes 1, 2, 3, 4, 5
Final exam
Learning outcomes 1, 2, 3, 4, 5
The standard workload for a 6 unit course is 130 hours including class time and independent study.
none Preliminary Reading This course draws materials from several textbooks and journal articles. The list below provides a general guidance to relevant textbooks. A detailed outline of the course with specific indicative readings will be posted on Wattle. (1) Stephanie Schmitt-Grohe, Martin Uribe and Michael Woodford (2022). International Macroeconomics. Princeton University Press. (2) Maurice Obstfeld and Kenneth Rogoff (1996). Foundations of International Macroeconomics. The MIT Press. (3) Paul Krugman, Maurice Obstfeld and Marc Melitz (2018). International Economics. Pearson.