Course Page

International Money and Finance

Course Number:

73372


Faculty

Marvin Goodfriend, marvingd@andrew.cmu.edu


Program

Undergraduate Economics


Concentrations

B.A. in Economics, B.S. in Economics, B.S. in Economics and Statistics, B.S. in Economics and Mathematical Sciences, Additional Major in Economics, Additional Major in Economics and Statistics, Minor in Economics


Course Description

INTERMITTENT The course introduces students to a micro-founded model of the global monetary system. The model is employed to assess the roles of money, banking, and central banking in the management of inflation, employment, and financial stability. Interest rates, the international exchange rate, the trade balance, and international capital flows are explored in terms of the model. The model is used to address controversial issues in international trade and financial relations, as well as current macroeconomic stabilization problems in China, the Euro area, the United States, and elsewhere. Theoretical points are illustrated with references to historical central bank practices from around the world in recent decades. The course concludes with student briefings on current central bank policies from around the world.   (Lecture, 3 hours). Minimum grade of "C" required in all economics pre-requisite courses.

Format

Lecture: 160min/wk


Textbook

None.


Pre-requisites

(21256) AND (73230) AND (73240)