Credit

3.00   (L-T-P:   3-0-0)

Department / Center / School / Unit

Economics

Course Objectives

Basic concepts of national income accounting, money, and balance of payments; output and exchange-rate determination under fixed and flexible exchange-rate regimes; fiscal and monetary policies in an open economy; international capital movements and their impacts; Case Studies: East Asian crisis, global financial crisis; theories of international trade including factor-proportions and economies of scale; the international trading regime and its implications for developing countries.

Suggested References

International Economics: Theory and Policy by Paul R. Krugman and Maurice Obstfeld
Macroeconomics by Dornbusch, R., Stanley Fischer, & Richard Startz.
Globalization and Its Discontents by Joseph E. Stiglitz
The Return of Depression Economics and the Crisis of 2008 by Paul Krugman