ECON 160b: International Macroeconomics (Summer Session II, 2007)

Prof. Beatriz de Blas

Office: SSH 125
Tel: 752-3522
Office hours: M 4-6pm

TA: Yi Chen

Office: SSH 115
Tel: 752-8109
Office hours: W 9-11h

Lectures: MTW 2:10-3:50pm in Hart 01150
Sections: A21: R 12:10-1:50pm Bainer 01130; A22 R 2:10-3:50pm Bainer 01060

Final exam: Wednesday, September 12, 2007 IN CLASS

Review section Tue, 9/11/2007 12:10PM-2:00PM 127 WELLMAN
Change of office hours during Labor Day week:
Syllabus [PDF]

Class calendar here


  1. Exchange rates (FT Chapter 13)
  2. The Monetary Approach (FT Chapter 14)
  3. The Asset Approach (FT Chapter 15)
  4. National Accounts (FT Chapter 16)
  5. Gains from Globalization (FT Chapter 17)
  6. Macroeconomic policies (FT Chapter 18)
  7. International experience with exchange rate regimes (FT Chapter 19)
  8. Currency crises (FT Chapter 20)
  9. Monetary unions (FT Chapter 21)

Section notes
Discussion section 2 (.doc file)
Discussion section 3 (.doc file)
Discussion section 4 (.doc file)
Discussion section 5 (.doc file)
Review session (.doc file)

Review questions
Some multiple choice questions
AK: 1.a, 2.b, 3.c, 4.b, 5.d, 6.d, 7.c, 8.a, 9.a, 10.b.

Problem set 1     AK1
Problem set 2     AK2
Problem set 3     AK3
Problem set 4     AK4
Problem set 5    
AK5: 1.b, 2.b, 3.b, 4.d, 5.a, 6.c, 7.d, 8.a, 9.c, 10.c.

Supplementary Readings
* Denotes required reading
*Big Mac index
*"The mandarins of money," The Economist, 08/09/07.
*"A tale of two deficits," J. Stiglitz, Global Agenda, The Magazine of the World Economic Forum Annual Meeting, 2006.
Some readings on the crisis in the debt markets
"A spike through the heart," The Economist, 08/12/07.
"On a short fuse," The Economist, 08/13/07.
"It's a miserable life," P. Krugman (New York Times, 08/20/07)

Links and funds data/Currencies/Dollar spot forward
This website also provides information on spot and forward rates for the euro and the British pound.
Exchange rates at the St. Louis Fed.
The Economist - Currencies
European Central Bank
Board of Governors of the Federal Reserve System