Lecture
Vorlesung, SWS:2, VL Number: 33520
Lecturer
Description
It is the main purpose of this course to make students at the diploma or master level familiar with formal concepts of advanced macroeconomics in open economies. While the course has a strong analytical focus, the content – which includes aspects of international trade as well as monetary economics – is relevant for many fields in economics and finance.
The course is taught in English. Also the exam will be posed in English.
Table of Contents
- Intertemporal Trade and Current Account (O&R[1,2])
- Purchasing Power Parity, Real Exchange Rate and the Balassa-Samuelson Effect (O&R[4])
- Financial Markets, Nominal Interest Rates and Balance of Payments (R[1])Money and Exchange Rates (O&R[8,9])
Supporting Material
Lecture Notes for this course can be downloaded from the E-Learning server.
Recommended Textbooks
- Obstfeld, Maurice and Kenneth Rogoff (1996), Foundations of International Macroeconomics, Cambridge/M.: MIT Press.
- Rødseth, Asbjørn (2000), Open Economy Macroeconomics, Cambridge/UK: Cambridge University Press.
- Gandolfo, Giancarlo (2001), International Finance and Open-Economy Macroeconomics, Berlin et al.: Springer.
- Harms, Philipp (2008), Internationale Makroökonomik, Tübingen: Mohr Siebeck.
Exercise Course
An exercise course will support students in handling the different modeling approaches. It is strongly recommended to attend this exercise course in order to pass the exam.
Grading
Grading of the course is based on active participation and a written exam (1h) at the end of the term. If the number of participating students is less than 5, an oral examination may replace the written one. (Students will be informed about the form of examination as soon as possible.)
Excercise
Vorlesung, SWS:2, VL Number: 33520
Lecturer
Description
It is the main purpose of this course to make students at the diploma or master level familiar with formal concepts of advanced macroeconomics in open economies. While the course has a strong analytical focus, the content – which includes aspects of international trade as well as monetary economics – is relevant for many fields in economics and finance.
The course is taught in English. Also the exam will be posed in English.
Table of Contents
- 88Intertemporal Trade and Current Account (O&R[1,2])
- Purchasing Power Parity, Real Exchange Rate and the Balassa-Samuelson Effect (O&R[4])
- Financial Markets, Nominal Interest Rates and Balance of Payments (R[1])
- Money and Exchange Rates (O&R[8,9])
Supporting Material
Lecture Notes for this course can be downloaded from the E-Learning server.
Recommended Textbooks
- Obstfeld, Maurice and Kenneth Rogoff (1996), Foundations of International Macroeconomics, Cambridge/M.: MIT Press.
- Rødseth, Asbjørn (2000), Open Economy Macroeconomics, Cambridge/UK: Cambridge University Press.
- Gandolfo, Giancarlo (2001), International Finance and Open-Economy Macroeconomics, Berlin et al.: Springer.
- Harms, Philipp (2008), Internationale Makroökonomik, Tübingen: Mohr Siebeck.
Exercise Course
An exercise course will support students in handling the different modeling approaches. It is strongly recommended to attend this exercise course in order to pass the exam.
Grading
Grading of the course is based on active participation and a written exam (1h) at the end of the term. If the number of participating students is less than 5, an oral examination may replace the written one. (Students will be informed about the form of examination as soon as possible.)