IDEC8008 Open Economy Macroeconomics, Finance, and Development
| Offered By | International and Development Economics Program |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | International and Developmental Economics |
| Offered in | Second Semester, 2009 and Second Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
This series of lectures offers a graduate-level introduction to modern international financial statecraft. We review some fundamental models in international macroeconomics and banking, before proceeding to examine the analytical basis of key issues and debates that have confronted policymakers in recent years. Particular attention will be devoted to the pattern of international capital flows, monetary policy design, the role of financial frictions in macroeconomics, the economics of credit risk transfer, the mechanics of currency, banking, and sovereign debt crises, and the consequences of financial globalization. The role of the Bretton Woods institutions - the IMF and the World Bank - and proposals for international financial crisis management will also be studied. |
| Learning Outcomes | On satisfying the requirements for this course, students will have the knowledge and skills to critically evaluate current macroeconomic policy debates. |
| Indicative Assessment | There will be one final exam (50%), one mid-semester essay (30%) and one mid-semester exam (20%, redemptive). |
| Workload | Two hours of lectures and 1 hour of tutorials. Depending on prior background the student should expect to spend around 6-10 hours per week on the course material. |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. |
| Areas of Interest | Economics |
|
Assumed Knowledge and Required Skills |
Students are expected to be comfortable with undergraduate mathematical economics, particularly optimization and basic concepts in game theory. A solid background in undergraduate microeconomics and macroeconomics will be assumed. |
| Prescribed Texts |
Obstfeld and Rogoff, Foundations of International Macroeconomics, MIT Press. Chui and Gai, Private Sector Involvement and International Financial Crises, Oxford University Press |
| Indicative Reading List | A reading brick will be provided. |
| Programs | Master of Environmental and Resource Economics, Master of International and Development Economics, and Master of International Trade and Economic Relations |
| Other Information |
Delivery Mode: on Campus |
| Academic Contact | Dr Suiwah Leung |
The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.
