Economics: Applied International Macroeconomics

<p>You will learn how exchange rates, trade imbalances and capital flows shape national economies. This course offers an exploration of international macroeconomics, revealing how global economic forces influence countries in an interconnected world.</p><p>In an interconnected world, global economies are shaped by cross-border flows of goods, services and capital. In this course, you examine how these international flows create opportunities and constraints for open economies and how they interact with production, prices and economic policy.</p><p>We will cover both real and financial aspects of international macroeconomics, including balance-of-payments dynamics, exchange rate movements and the costs and benefits of global financial integration. </p><p>You will work actively with applied theoretical reasoning and empirical material. You will analyse macroeconomic imbalances and assess how fiscal and monetary policy operate in open economies. You will also examine the global financial system and different currency regimes, as well as how capital flows, exchange rate regimes and policy choices can reduce or amplify financial crisis risks. </p><p>By the end of the course, you will be able to connect theory with data, evaluate international macroeconomic developments and explain key empirical regularities that characterise the global economy and financial system. You will be able to identify the main patterns shaping international capital flows, exchange rates and policy choices, and interpret how these influence macroeconomic outcomes and constraints across countries.</p>