Applied Macro- and International Economics, Spring 2004

Abstract:: 15.014 focuses on using case studies to investigate the macroenvironment in which firms operate. The course is divided in five parts: Basic tools of macroeconomic management Evaluation of different economic development strategies Crises in emerging markets: causes, solutions, and prevention Problems faced by transition economies Challenges of developed countries This course is a full-term version of Applied Macro- and International Economics (15.012), with additional topics.

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International Political Economy

Abstract:: This course will introduce the student to the field of international political economy, teaching students the ways in which economics and politics influence each other when it comes to creating policy. Economic policy can be an important instrument of statecraft and diplomacy between countries, yet countries can also use economic policy to punish or express disapproval towards other countries using sanctions. In this course, the student will learn about the international organizations and regimes that are designed to facilitate international economic transactions and ensure economic stability, such as the World Trade Organization (WTO) and the International Monetary Fund (IMF). The student will also review the impact that globalization has on the world economy and the gap between rich and poor countries. Upon successful completion of this course, the student will be able to: identify, explain, and compare major theories in the field of international political economy; analyze the effects of trade policies on domestic and international actors; evaluate the costs and benefits of Foreign Direct Investment and Sovereign Debt; explain the development of the international currency system and analyze the effects of domestic policies; compare and contrast approaches to human rights and access to basic human needs. (Political Science 411)

Abstract:: Explore effects of globalization of finance on international relations and domestic politics. Topics include international institutions and global governance; the multi-nationalization of production; effects of international capital markets on domestic politics; global finance and the developing world; and financial crises. Discussion of the interplay between politics and economics and the future of the nation-state.

Abstract:: This course examines the politics of international economic relations. We begin with a discussion of the analytical "lenses" through which we can view the global economy. We then examine the politics of trade policy, multinational corporations, and international monetary and financial relations. We will also examine third-world development, communist transition, and the debate over "globalization." Finally we will explore the fight against terrorist financing and money laundering, the proper role of international financial institutions (including the IMF), and the impact of the global economy on the ability of governments to make policy within their own borders.