Retourner au sommaire
Macroeconomics 2: the open economy
Bachelor 2nd year
Record #59

Course

Macroeconomics 2: the open economy

Keywords

Open economy, balance of payments, exportations, importations, exchange rate regimes, interest rate parity, monetary union, macroeconomic policies, Mundell-Fleming

Contents

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.

Degree

Bachelor 2nd year

Curriculum

Economics and Management

E.C.T.S.

4

Skills

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.

Teaching

Lisa Anouliès - Maître de conférences - Hourly volume: 33

Hourly volume - Lectures

33h

Hourly volume - Tutorial classes

0

Teaching methods

Campus-based teaching

Semester

2