Macroeconomics 2: the open economy
Open economy, balance of payments, exportations, importations, exchange rate regimes, interest rate parity, monetary union, macroeconomic policies, Mundell-Fleming
This course is a continuation of the 1st year Macroeconomics 1 course. It relaxes the closed economy assumption, underlying the standard IS/LM model, but too restrictive in a globalized world. It thus brings into the analysis all the trade in goods, services, currencies and securities that an economy carries out with the rest of the world, and investigates new adjustment mechanisms through the balance of payments and exchange rates. In an extended theoretical framework to the open economy, known as the Mundell-Fleming model, it finally reviews the major macroeconomic balances and the impact of budgetary and monetary policies in the short and medium term.
Bachelor 2nd year
Economics and Management
4
Understanding the characteristics and mechanisms of the open economy, building a balance of payments, analysing exchange rate movements, describing the major macroeconomic balances in an open economy, studying the impact of budgetary and monetary policies in the short and medium term.
Lisa Anouliès - Maître de conférences - Hourly volume: 33
33h
0
Campus-based teaching
2