Economics 472B, Autumn 2009
International Macroeconomics

Office: Savery 338
Office Phone:543-6197
yuchin@u.washington.edu
Instructor Home Page

Instructor: Yu-chin Chen
Time/Location: TTh 10:30-12:20pm/DEN 216
Office Hours: Th 3:30-4:30 or by appointment

Announcements:

* Group 1-3 (Dec 3rd) Presentation Guidelines;

*Solutions to PS4 and midterm 1 posted below; solution to some Practice problems.

* Group assignments (suggested readings/coverage for each group will be posted shortly)

* Problem Set #4 posted below.

* Extra Credit option due Thursday Nov 12th (see lecture 10, Nov 5, below for details)

* Please turn in your Group Project Preference form by Thursday, Nov 5.

* Problem Set 3 posted below (due Thursday Nov 12th in class)

* Practice Midterm 1; Solution. See also Review of Equations at the end of PS2 solution.

* 10/8: if you'd like to meet individually, please sign up for a lot here. I will also hold open group office hours occassionally before problem sets are due.

* This class requires each student to participate in a group project, which culminates in final 30 min-presentations during the last 3 days of the course. There will be two midterms and four homework assignments.

* Syllabus

Course Schedule and Lecture Notes: (Tentative and subject to revision)

 

Date Topics Notes

Assignments (due the following Fri in section)

Oct 1 Introduction KO Ch.12  
Oct 6 Balance of Payments and the Exchange Rate Market KO Ch 13, PS1 A Summary of the BoP Accounting
Oct 8 The Asset Market View of the Exchange Rate  
Oct 13 Money, Interest Rates, and Exchange Rates Ch 14 K. Rogoff, (1996), "The Purchasing Power Parity Puzzle", Journal of Economic Literature
Oct 15 PPP and the Law of One Price PS1 Solution; PS2 out
Oct 20 Long-Run Exchange Rate Determination   Melvin Chapter 4 on Forex instruments
Oct 22 Forward-Looing Market Instruments PS2 solution
Oct 27 Midterm #1 solution  
Oct 29 Exchange Rates and the Macroeconomy  
Nov 3 Output and Exchange Rate PS 3  
Nov 5 Output, ER, and the Current Account  
Nov 10 Exchange Rate Regimes    
Nov 12 Currency Crises PS3 solution, PS 4
Nov 17 History and Policy Intervention    
Nov 19 Review PS 4 solution
Nov 24 Midterm #2    
Dec 1 Policy Topics Overview    
Dec3 Group Presentations I + Discussion  
Dec 8 Group Presentations II + Discussion    
Dec 10 Group Presentations III + Discussion