NTU Course
Overview

Advanced Macroeconomics: International Macroeconomics

Offered in 114-2

  • Serial Number

    38015

  • Course Number

    ECON5235

  • Course Identifier

    323 U1160

  • No Class

  • 3 Credits

  • Elective

    DEPARTMENT OF ECONOMICS / GRADUATE INSTITUTE OF ECONOMICS

      Elective

    • DEPARTMENT OF ECONOMICS

    • GRADUATE INSTITUTE OF ECONOMICS

  • YU-CHEN LIU
  • Tue 6, 7, 8

  • 社科研602

  • Type 3

  • 15 Student Quota

    NTU 15

  • No Specialization Program

  • English
  • NTU COOL
  • Core Capabilities and Curriculum Planning
  • Notes

    The course is conducted in English。 The course is conducted in English。

  • Limits on Course Adding / Dropping

    • Restriction: juniors and beyond or Restriction: MA students and beyond or Restriction: Ph. D students

  • NTU Enrollment Status

    Enrolled
    0/15
    Other Depts
    0/0
    Remaining
    0
    Registered
    0
  • Course Description
    This course provides a rigorous examination of international macroeconomic theory, policy, and empirical evidence. The course balances theoretical models with empirical applications and policy discussions. We will develop analytical frameworks to understand key macroeconomic phenomena in open economies, with special emphasis on sovereign debt and risk. Topics include exchange rate determination, international capital flows, global imbalances, monetary and fiscal policy in open economies, financial crises, sovereign default, and international monetary systems.
  • Course Objective
    By the end of this course, students should be able to: • Understand and apply key models of international macroeconomics • Analyze economic policy in the context of open economies • Evaluate empirical evidence on international macroeconomic phenomena • Apply international macroeconomic concepts to contemporary global issues • Conduct independent research on international macroeconomic topics • Critically assess the implications of international macroeconomic theories for emerging economies
  • Course Requirement
    Intermediate Macroeconomics, Intermediate Microeconomics, and basic knowledge of calcu- lus and statistics. Please see online syllabus for details. (https://drive.google.com/file/d/1m1oDf7ldwd9hb_wATIqi1N7D-qltKSH7/view?usp=sharing)
  • Expected weekly study hours before and/or after class
    Preview : 2 Review : 2
  • Office Hour
    by appointment via email
    *This office hour requires an appointment
  • Designated Reading
    Schmitt-Grohe, S, Uribe, M., and Woodford M. (2022). International Macroeconomics: A Modern Approach. Princeton University Press.
  • References
    See online syllabus for details. (https://drive.google.com/file/d/1m1oDf7ldwd9hb_wATIqi1N7D-qltKSH7/view?usp=sharing)
  • Grading
    1. NTU has not set an upper limit on the percentage of A+ grades.
    2. NTU uses a letter grade system for assessment. The grade percentage ranges and the single-subject grade conversion table in the NATIONAL TAIWAN UNIVERSITY Regulations Governing Academic Grading are for reference only. Instructors may adjust the percentage ranges according to the grade definitions. For more information, see the Assessment for Learning Section。
  • Adjustment methods for students
  • Make-up Class Information
  • Course Schedule
    2/24Week 1Key concepts and global imbalance.
    3/03Week 2Current account sustainability.
    3/10Week 3Intertemporal theory of CA.
    3/17Week 4Term of trade, interest rate, tariff.
    3/24Week 5CA in a production economy.
    3/31Week 6Uncertainty and CA.
    4/07Week 7Two-country model.
    4/14Week 8Twin deficit.
    4/21Week 9Real exchange rate and PPP.
    4/28Week 10Determinant of real exchange rate.
    5/05Week 11Capital control/exchange rate policy.
    5/12Week 12Capital control/exchange rate policy.
    5/19Week 13Final exam.
    5/26Week 14Presentation.
    6/02Week 15Presentation.