This course provides an introduction to the institutions, theories, principles, and day-to-day mechanics that govern the international monetary system. We will place special emphasis on the analysis of exchange rates, balance of international payments, and adjustment problems that affect open economies like the United States and the European Union.
At the end of the course, we should be able to understand:
This course will follow ongoing economic events and analyze them under the light of the concepts learned. Reading newspapers and/or watching news briefs on TV will increase your chances of grasping the key ideas and getting a good grade.
Prerequisite: Econ 100
Grades determined by bi-weekly on-line quizzes, two in-class examinations, and a comprehensive final exam.