Macroeconomics and Dynamic Macroeconomics.

The goal of the course is that the student learns the analytical tools to study the most relevant topics of international macroeconomics. The student will acquire the following knowledge: - Understand the concept of current account and its determination. - Understand the exchange rate and covered and uncovered parities. - Understand the pros and cons of different exchange regimes. - Apply tools to discuss the problems inside the EU and the current account deficit. The student will be able to: - Compute how interest rates and expectations affect the exchange rate. - Determine the effects of savings and investment on the current account. - Analyze graphically the effects of monetary and fiscal policy under different regimes. The next skills will be taught to: - Solving problems both graphically and analytically - Use economic theory to understand current events The student must have: - An open and critical mind about the effects of globalization - A scientific approach to analyze the current economic problems.

The course develops an analytical framework to study different international macroeconomic topics: current account, exchange rates, relationship between interest rates and inflation, monetary and fiscal policy under different regimes. These tools will be useful to understand current policy issues as European Union, the role of China in the world economy or the financial crisis.

The course will be given in lectures, both theory and practice, in class. Additionally, the students are required to do problem sets and case studies. These problem sets and case studies are necessary to learn the material.