This course, which is addressed to Fletcher graduate students, develops analytical tools and models to understand open economies and the international economy and to evaluate developments and policy choices in a financially integrated world.

Topics covered include the determination of domestic variables such as GDP, employment, the price level and interest rates; the balance of payments; exchange rate determination; the functioning of international capital markets; international interdependence and the international monetary system; emerging and developing economies; financial crises.

Link to Course Website