Elective Course II - International Economics and Development discusses theories of exchange rate determination, theoretical considerations and actual experiences with different exchange rate regimes, the role of openness of goods markets and financial markets for economic policy (monetary and fiscal policy), as well as the causes and consequences of financial globalization (stylized facts, an understanding of the balance of payments, measurement of international capital flows, theoretical considerations about the welfare gains of financial integration and empirical evidence).

After completing this course, students will have a good knowledge of the most important topics, theories and empirical evidence in the field of international macro/finance. They will be able to apply them to real world issues and questions of economic policy relevance.

Attendance is compulsory. A maximum of 4 course hours (1 day of lectures) are allowed to be missed.

Lectures, exercises, presentations by students, essays.

Grading is based on:

a final exam (45%),

student (group) presentations and handout (30%)

active class participation and mini-quizzes (25%)

no regular office hours, please make an appointment

email: katrin.rabitsch@wu.ac.at