ECON 5253

Open Economy Macroeconomics

Lec 01 selected

The purpose of this course is to build an understanding of contemporary issues in international economics, by providing a formal exposition and discussion of theoretical models for open economy macroeconomics. The topics covered include intertemporal consumption-saving decisions, economic growth, fiscal and monetary policies, and exchange rate models. Building on these theories, a focus will be placed on Developing countries’ economies, by comparing their economic growth, discussing foreign debt and banking crises, and examining the causes and consequences of currency crises.

Sections

Lecture

From the syllabus

From the Summer 2026 syllabus by Christos Ntantamis. Open the PDF

Grading

15%Academic paper reviewDue June 22
10%Academic paper presentationJune 25
15%Financial crises project reportDue May 30
10%Financial crises project presentationJune 2
50%Final examIn class; date TBD

Textbooks

  • Open Economy Macroeconomics in Developing Countries, Carlos A. Végh
  • Foundations of International Macroeconomics, Maurice Obstfeld and Kenneth Rogoff (optional)
  • Development Macroeconomics, Pierre-Richard Agénor and Peter J. Montiel (optional)
  • Open Economy Macroeconomics, Martin Uribe and Stephanie Schmitt-Grohé (optional)

Course rules

Late work
Late assignments lose 20 percent per day; exceptions require a legitimate reason under University Calendar section 16.8.
Missed final
For a valid absence, notify the instructor immediately; a make-up exam will be offered.
Passing
Students need at least 70% overall and at least 60% on the final exam to pass.
LLM use
Text generated by large-scale language models is not allowed in the paper review or empirical project.
Submissions
Assignments and project work must be submitted electronically as PDFs in the appropriate Brightspace folder.

Have a more recent syllabus for ECON 5253? Sign in to share it