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Finance 101: Monetary Economics and the Global economy
Finance 101 is an intermediate-level course in macroeconomics and the global economic environment. The aim of the course is to provide students with a set of tools to analyze macroeconomic issues. Particular attention is given to the interactions between the macroeconomy and financial markets, and topics related to the global economy. The course is comprised of three major parts: The first part develops the foundations. The key question here is: How do the major markets (labor, capital and goods markets) operate? These markets are studied in isolation for this part of the course. The second part of the course puts them together and studies their interactions. The key issues here are: a) How do macroeconomic aggregates behave in this “general equilibrium”? and b) How can macroeconomic policy affect these outcomes? The third part of the course is devoted to international macroeconomics and macroeconomic policy. The key question here will be: a) How do the macroeconomic aggregates behave in an open economy, especially the exchange rate and the current account? And b) How is the economy affected by fiscal and monetary policy?
Finance 602: Monetary Economics and the Global economy (MBA) Finance 602 is a course that is intended to equip students with an understanding of the macroeconomy both at the national and the international level. The course has two parts: In the first part the course examines the functioning of specific markets: the labor market, the goods market and the asset market. The second part develops a framework to integrate all these markets together and study feedback effects between them. The course places a heavy emphasis on applications of the theory. An indicative list of policy topics include: National savings and the twin deficits, the social security debate, the financial crisis of Argentina, the term structure of interest rates as a predictor of aggregate activity, political business cycles, macroeconomic news and financial markets, outsourcing, sovereign debt crises etc.
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