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KEIO Opencourseware >> Course List >> Faculty of Economics >>OPEN ECONOMY MACROECONOMICS (PCP), Spring 2007
OPEN ECONOMY MACROECONOMICS (PCP), Spring 2007

Lecture notes found here

[01]

Ⅰ. A Review of Closed Economy Macroeconomics
IS-LM Analysis, Aggregate Supply, and Aggregate Demand

[02]

Ⅱ. Basic Concepts in Open Economy Macroeconomics
Small Country Assumption, Stock vs. Flow, The Balance of Payments, The Exchange Rate, The Interest Rate Parity Condition

[03]

Ⅲ. Theories of Exchange Rate Determination
Purchasing Power Parity, Stock Equilibrium Approach, Flow Approach, The Marshall-Lerner Condition, The J-curve Effect

[04]

Ⅳ. The Mundell-Fleming Results
The M-F Result and the Structure of the Model — a Simple Model, The M-F Result under Fixed Exchange Rates, Alternative Assumptions: Two-Country, Imperfect Capital Substitution, The M-F Result under Flexible Exchange Rates, Alternative Assumption: Two-Country

[05]

Ⅴ. The Speed of Adjustment of Endogenous Variables and Overshooting

[06] Ⅵ. Economic Interdependence and Choice of Exchange Rate Regimes

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