Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 176849 | Subject title: INTERNATIONAL ECONOMICS | ||||
| Credits: 6 | Type of subject: Optative | Year: | Period: 1º S | ||
| Department: | |||||
| Lecturers: | |||||
| CASARES POLO, MIGUEL (Resp) [Mentoring ] | |||||
Contents
This course examines short-run fluctuations in business cycles, with special attention focused on the effects of fiscal and monetary policies on GDP. Models assume fixed prices in the short-run and fully-flexible prices in the long-run equilibrium. The analysis is based on an open-economy macroeconomic model with asset markets, goods market and a either floating or fixed rates in the foreign exchange market.
General proficiencies
• GP01. Ability to analyze and summarize.
• GP04. Writing and Speaking in English.
• GP07. Ability to solve problems
• GP09. Team work.
• GP11. Work in an international environment.
• GP12. Information search.
• GP17. Autonomous learning.
• GP19. Creativity.
Specific proficiencies
• SP01. Understand the behavior of economic institutions with formal models.
• SP04. Use economic analysis with scientific instruments.
• SP05. Write reports describing economic phenomena.
• SP06. Research projects at international, national or regional levels.
• SP10. Evaluate the performance of alternative policies and select them with technical criteria.
Learning outcomes
International finance and foreign exchange markets.
Open-economy macroeconomics.
Exchange rate regimes.
An introduction to dynamic macroeconomic models with rational expectations.
Optimal monetary areas and the Eurozone case.
Methodology
| Activities | On-classHours | Off-class Hours |
| A-1 Lectures | 30 | 0 |
| A-2 Seminars | 20 | 0 |
| A-3 Discussions | 10 | 0 |
| A-4 Homeworks | 0 | 25 |
| A-5 Readings | 0 | 10 |
| A-6 Individual studying | 0 | 45 |
| A-7 Exams | 6 | 0 |
| A-8 Office Hours | 0 | 4 |
| Total | 66 | 84 |
Evaluation
| Learning outcomes | Evaluation | Grading weight (%) | Second-call evaluation |
|
International finance and foreign exchange markets. Open-economy macroeconomics. Exchange rate regimes. An introduction to dynamic macroeconomic models with rational expectations. Optimal monetary areas and the Eurozone case. |
Individual execises in class. Group exercises in class. Homework assignments. |
35 | No |
|
International finance and foreign exchange markets. Open-economy macroeconomics. Exchange rate regimes. |
Mid-term exam. | 25 | Yes |
|
International finance and foreign exchange markets. Open-economy macroeconomics. Exchange rate regimes. An introduction to dynamic macroeconomic models with rational expectations. Optimal monetary areas and the Eurozone case. |
Final exam. | 40 | Yes |
Agenda
1. National Income Accounting and the Balance of Payments
2. Exchange Rates and the Foreign Exchange Market: An Asset Approach
3. Money, Interest Rates, and Exchange Rates
4. Output and the Exchange Rate in the Short Run
5. Price Levels and the Exchange Rate in the Long Run
6. Fixed Exchange Rates and Foreign Exchange Intervention
7. An introduction to dynamic macroeconomic models with rational expectations
8. Optimum Currency Areas and the Euro
9. Financial Globalization: Opportunity and Crisis
Bibliography
Access the bibliography that your professor has requested from the Library.
International Economics: Theory and Policy (2015), 10th edition, Paul R. Krugman, Maurice Obstfeld, and Marc Melitz.