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Last updated:

October 22, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

15.012 Applied Macro- and International Economics uses case studies to investigate the macroeconomic environment in which firms operate.

The first half of the course develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. The class discusses recent emerging market and financial crises by examining their causes and considering how best to address them and prevent them from recurring in the future. The second half evaluates different strategies of economic development. Topics covered in the second half of this course include growth, the role of debt and foreign aid, and the reliance on natural resources.

Course Curriculum

  • Introduction and the money multiplier via babysitters Unlimited
  • The IS-LM model Unlimited
  • AD-AS and long run adjustment: The connection to inflation Unlimited
  • Central bank accounting Unlimited
  • World through inflation Unlimited
  • Theories of nominal exchange rates: Short-run and long-run Unlimited
  • Exchange-rate regimes Unlimited
  • Capital controls Unlimited

About the instructor

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Massachusetts Institute of Technology