Applied Macro- and International Economics Learn more

Applied Macro and International Economics is a graduate level online course that has been offered for free. The course focuses on exploring macroeconomic environment in which firms and markets operate. The primary objective of this course is to provide participants with a sound foundation of macroeconomic concepts and tools.

Who should take this course?
This is a graduate level course in Applied Macro and International Economics designed for economics undergraduates planning to pursue advanced studies in this field.

What are the benefits of this course?
After successfully completing this course, you should be able to:
- Effectively use basic tools of macroeconomic management
- Critically analyze different economic development strategies
- Evaluate exchange rate decisions made by economies
- Suggest solutions for the challenges faced by emerging economies as well as developed countries

Table of Contents:
- Introduction and the money multiplier via babysitters
- Germany and Zimbabwe: Monetary policy and the velocity theory of money
- The IS-LM model
- Japan, Ireland, and the Great Depression: Applications of the IS-LM model: Fiscal policy and the Great Depression
- AD-AS and long run adjustment: The connection to inflation
- Central bank accounting
- World through inflation
- Banking crisis and accounting
- Theories of nominal exchange rates: Short-run and long-run
- Fiscal currency crises (GAME: Greece, Argentina, Mexico, and Everyone else) 
- Self-fulfilling currency crises (MIT: Malaysia, Indonesia, and Thailand)
- Exchange-rate regimes
- Capital controls, exchange rate regimes, and unemployment: The unholy trinity
- US financial crisis
- Debate 1: The international role of the dollar  
- Debate 2: The Euro
- Introduction to development economics

?Author Bio:
This course has been jointly prepared by Prof. Roberto Rigobon and Prof. Alberto Cavallo.
Roberto is the Society of Sloan Fellows Professor of Applied Economics at the MIT Sloan School of Management and a visiting professor at IESA. He is also a member of the Census Bureau’s Scientific Advisory Committee and a research associate of the National Bureau of Economic Research.
Professor Alberto is the Cecil and Ida Green Career Development Professor and an Assistant Professor of Applied Economics at the MIT Sloan School of Management. Alberto’s work focuses on the micro behavior of prices and its implications for macro models and policies.

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