ECON 342 - International Macroeconomics

This course examines macroeconomic linkages between countries through international capital flows and exchange rates. The core of macroeconomic theory is extended to the open economy setting. In this context, a number of issues are addressed, including current account imbalances, the role of fiscal and monetary policy in an open economy, the choice of an exchange rate regime, and the international price system. Illustrations come from the adoption and abandonment of the gold standard, the Bretton Woods system, the European debt crisis, supply chain disruptions during the pandemic, and the cost of living crisis.

Unit(s): 1
Group Distribution Requirement(s): Distribution Group II
Prerequisite(s): ECON 201, MATH 111
Instructional Method: Lecture-conference
Grading Mode: Letter grading (A-F)
Not offered: 2026-27
Group Distribution Learning Outcome(s):

Evaluate data and/or sources.
Analyze institutions, formations, languages, structures, or processes, whether social, political, religious, economic, cultural, intellectual or other.
Think in sophisticated ways about causation, social and/or historical change, human cognition, or the relationship between individuals and society, or engage with social, political, religious or economic theory in other areas.