International Finance Courses

ECON 741: Advanced International Economics I
Intertemporal models of the current account. Role of non-tradable goods. Monetary models of flexible and predetermined exchange rates. Sticky price models. Balance of payment crises.

ECON 743: Topics in International Finance
This course covers topics on currency, banking and debt crises as well as international financial contagion. Issues pertaining to monetary and fiscal policy in an open economy setting are studied at both the theoretical and empirical levels. Current account dynamics and international commodity price cycles are analyzed.

ECON 744: Advanced Topics in International Finance
Real and monetary models of open economy business cycles. Credit market frictions and endogenous incomplete markets.

ECON 747: Macroeconomics of Imperfect Capital Markets
Introduction to theory of imperfect capital markets and applications to topics including limited commitment, the financial accelerator, liquidity, bubbles, crises, the role of credit in monetary economics, and frictions in international capital flows.

Field Requirements in International Finance

Major field:  Three of ECON 741, 743, 744 and 747. Average grade of B+ or better in courses and field exam. Passing the field exam is an important precondition for doing thesis research in international finance. Students who have passed the field exam are encouraged to meet with faculty in the field to develop ideas for original thesis research. Our ultimate willingness to work with you as thesis advisors will depend on your ability to demonstrate the capacity to execute original research in the field.

Minor field: Two of ECON 741, 743, 744 or 747. Average grade of B+ or better in courses or field exam.

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