This course introduces the study of macroeconomics in an open economy. Topics include basic features of foreign exchange markets, the structure of the balance of payments accounts, and the effectiveness of macroeconomic policy under fixed and flexible exchange rates and varying degrees of capital mobility. The course also examines the evolution of the international financial system, the role of the IMF, the creation of the European Monetary Union, and the recent financial crises in East Asia, Russia, and Brazil.

Units: 1

Max Enrollment: 25

Prerequisites: ECON 101 or ECON 101P and ECON 102 or ECON 102P.

Instructor: Weerapana

Distribution Requirements: SBA - Social and Behavioral Analysis

Typical Periods Offered: Fall

Semesters Offered this Academic Year: Fall

Notes: