This course is available on the BSc in Econometrics and Mathematical Economics, BSc in Economics, BSc in Economics and Data Science, BSc in Economics and Economic History, BSc in Environment and Sustainable Development with Economics, BSc in Geography with Economics, BSc in International Social and Public Policy with Economics, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics, BSc in Politics and Economics, Erasmus Reciprocal Programme of Study and Exchange Programme for Students from University of California, Berkeley. This course is available with permission as an outside option to students on other programmes where regulations permit. This course is available with permission to General Course students.

Pre-requisites:

Before taking this course, students must have completed: (EC2B1 or EC1B3) and (EC2B3 or FM201).

Additional requisites:

Students should have completed Macroeconomics II (EC2B1), or Macroeconomics I (EC1B3) combined with either Macroeconomics II (EC2B3) or Macro-Finance (FM201), or equivalent.

This is an advanced undergraduate international macroeconomics course that uses a mix of theoretical, empirical, and policy frameworks to analyze topical problems in international economics. The objective of the course is to develop simple macroeconomic models of open economies that can be applied to international economic phenomena. The course covers balance of payments, the determination of exchange rates, the effect of fiscal and monetary policies, currency crises, financial globalization and currency unions, amongst other topics.

15 hours of lectures and 10 hours of classes in the Autumn Term.

Students are expected to complete a problem set weekly, two of which will be marked, and feedback provided.

Students can consult the textbook:

• Paul Krugman, Marc Melitz and Maurice Obstfeld; International Economics: Theory and Policy, 12th edition, Pearson. (Earlier editions are also relevant).

Exam (100%), duration: 120 Minutes, reading time: 15 minutes in the Spring exam period.