Inhalt
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COURSE INFORMATION
The "International Economics" Module (MWiWi 2.8) uses a mix of theoretical, empirical, and policy frameworks to analyze problems in international finance and macroeconomics. We investigate the determination of the current account, capital flows, international borrowing and lending, the relation of goods prices across countries, interest-rate differentials, the determination of exchange rates, and fiscal and monetary policy in open economies. One emphasis will be on business cycles in open economies. Recent issues such as the crisis in the Euro area, the sustainability of government debt, and sovereign default receive attention. We follow a decision-theoretic approach based on microeconomic behavior that allows us to identify the frictions that explain empirically observed phenomena. Throughout, we have in mind the empirical relevance of the various concepts.
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| Bemerkung |
The full module "International Economics" is offered in the summer term. In the winter term, we offer a shortened version of the module for students who plan to take the exam in the winter term. Note that the material in both exams (summer and winter) is identical. This shortened course gives you the opportunity to repeat relevant material for the exam in the term when there is no lecture. The repetition class does not offer the full material of the complete 6 hours module which is offered in the summer term only. The main emphasis of the repetition class in on solving problem sets and clarifying questions. Active participation is expected.
The repetition class will be weekly and will cover 2 hours per week (some meetings may be combined).
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| Voraussetzungen |
COURSE PREREQUISITES
Formally none. Students should have taken an intermediate macroeconomics and microeconomics course. Knowledge of univariate calculus and basic statistics will be assumed. All mathematical and statistical tools needed for this course will be reviewed. MWiWi 2.13 Advanced Microeconomics and Public Finance and MWiWi 4.2 Applied Econometrics are recommended.
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