International Macroeconomics - Fall Semester 2020

Time: Wednesday 15:15-18:00
Room: F023 Unitobler

Teaching Assistant: Armando Näf (armando.naef@vwi.unibe.ch)

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.

 

Syllabus

Exame Results

  • First Exam
  • Second Exam

Lecture Notes

  • Lecture 1:
  • Lecture 2:
    • Foreign Exchange Market
  • Lecture 3:
    • Prices and Exchange Rates
  • Lecture 4:
    • Foreign Exchange Risks, Forecasting and International Investment
  • Lecture 5:
    • Exchange Rates, Interest Rates and Interest Rate Parity
  • Lecture 6:
    • Open-Economy Macroeconomic Policy and Adjustment
  • Lecture 7:
    • Basic Exchange Rate Theories
    • International Debt
  • Lecture 8:
    • Exchange Rate Systems
  • Lecture 9:
    • Basic Theories of the Balance of Payments

Problem Sets

  • Problem Set 1
  • Problem Set 2
  • Problem Set 3
    • Questions
    • Solutions
  • Problem Set 4
    • Questions
    • Solutions
  • Problem Set 5
    • Questions
    • Solutions
  • Problem Set 6
    • Questions
    • Solutions
  • SampleExam
    • Questions
    • Solutions
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