The goal of this course is to provide an introduction
to the key issues in international macroeconomics. The topics include:
The determination of exchange rates and interest rates, the foreign exchange market and the tools
for the management of foreign exchange risk (forwards, options and swaps), theories of the
current account and the real exchange rate, a comparison of the properties of alternative
exchange rate systems (including currency unions), currency crises, macroeconomic policy in open
economies, international capital flows and the international debt problem. The course is to a large degree self -contained.
The only requirement is knowledge of basic micro and macro.
