International Economics II

ECOG 249: Spring 2019 - Wednesdays 4:40 - 7:00 pm

The objective of this graduate course is to engage students in discussions covering several advanced topics in open economy macroeconomics. Students will be expected to develop the analytical framework to adequately analyze real-world problems.

Students should also make themselves familiar with current relevant policy issues in the world economy by reading current publications.

Suggestions: The Economist, Financial Times and The Wall Street Journal, NPR Planet Money

Syllabus - ECOG 249 at Howard University

January Readings:

  1. Krugman, Paul (1979). A Model of Balance-of-Payments Crises. Journal of Money, Credit, and Banking, 11(3), pp. 311 - 325.

  2. Kaminsky, Graciela and Carmen M. Reinhart (1999), The Twin Crises: The Causes of Banking and Balance of Payments Problems. American Economic Review 89, pp. 473 - 500.

  3. Backus, D. K., P. J. Kehoe, and F. E. Kydland (1994). Dynamics of the trade balance and the terms of trade: The j-curve? The American Economic Review 84(1), pp. 84 - 103.

  4. Reinhart, C. and K. Rogoff (2004). The modern history of exchange rate arrangements: A reinterpretation. The Quarterly Journal of Economics 119(1), pp. 1 - 48.

  5. Rose, A. K. (2011). Exchange rate regimes in the modern era: Fixed, floating, and flaky. Journal of Economic Literature 49(3), 652 - 672.