Course outline: International Economics (MBA) 2017/18
- Evans, Anthony J., (2014) “Markets for Managers: A Managerial Economics Primer“, Wiley Finance
- Mankiw, N.G., and Taylor, M. P., “Economics“, Cengage Learning (2011, 2nd ed.)
Course handouts: download here (zip) [Coming soon]
Problem set: download it here.
1. Monetary policy
Video: “An introduction to the Dynamic AD-AS model“, September 2014
Video: “The four-fold path to monetary credibility“, July 2016
Video: “Optimal Currency Areas“, March 2017
2. Fiscal policy
2. Fiscal Policy*
3. International economics
3a. Foreign exchange
Instructions: Complete exercises 1,2, and 3
3b. Currency crises
“Currency Crises” Harvard Business School case no. 9-799-088 (£)
Discussion question: Which countries are on the verge of a currency crisis?
4. Public finance and sovereign debt
4a. Public finance
“Rovna Dan: The Flat Tax in Slovakia”, Harvard Business School case no. 9-707-043, March 2010 (£) / Flat Tax in Slovakia, May 2016
4b. Debt crises
Blustein, Paul “And the Money Kept Rolling In” Public Affairs, 2005 (pp.39-60) (£)
Discussion question: As of July 1998 should the IMF suspend their program in Argentina, or continue their support?
5a. Group presentations
5b. Problem set review
Sessions marked with an asterix (*) have a lecture handout available in advance, which can be downloaded.