1. Applied Open Economy Macroeconomics
Jonathan Leightner
Summer 2003
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Summary of Your Class This course explores how international
interactions affect the macroeconomy, fiscal policy, and monetary policy
in both theory and practice. Emphasis
will be placed on teaching students how to apply economics to current
events. |
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Outline of Your class I.
International Business: A comparison of East and West II.
Basic Macro Economic Models A.
Aggregate Supply and Demand B.
Money Market C.
International Exchange III.
Applications A.
Asia’s 1997-1998 Financial Crisis B.
Consumption, Savings, and Growth C.
Deflation D.
Monetary and Fiscal Policy after the Crisis IV.
Applying the models to current news articles |
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How will you conduct Lessons The professor will discuss the items listed
under I and II in class (between 1 and 3 class periods will be used for
each of these topics). The
discussion will be in English, but students will be able to follow the
lecture using detailed written notes that will be presented by use of
PowerPoint, an over-head projector, or hand-outs. The professor will
provide examples of applying the models to current news articles.
Half of each test will require that students apply the models to
news articles that the professor has not previously analyzed in class.
These articles will be handed out to the class at least one week
before the test. Students are
encouraged to work on the articles in groups prior to the test, but tests
will be taken individually. The
other half of each test will require the students to replicate and explain
the key models presented in class. Students
are encouraged to ask questions both in class and in the professor’s
office. |
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How will you Decide the Grade Three tests, each one worth 30 % of the
grade, will be given. 10 % of the grade will be based on
attendance and participation. Students are expected to come to every class
meeting, unless there is an emergency. |
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What Knowledge is
Useful for This Class Knowledge of Macroeconomics would be useful,
but is not required. |
|
Text No textbook is required.
Relevant photocopied articles and explanations will be distributed
in class. |
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Reference |
2. The Asian Financial Crisis
Jonathan Leightner
Summer 2003
|
Summary of Your Class This course explores the causes and
consequences of the 1997-1998 Asian Financial Crisis.
The course will focus on Thailand, South Korea, and Indonesia. |
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Outline of Your class I.
Introduction to key concepts A.
The foreign exchange market B.
Gains from trade versus vulnerability C.
Financial liberalization D.
Pro-equality versus anti-equality growth E.
Expectations: Economics and Ethics F.
Contagion: internal and external G.
The International Monetary Fund (IMF) II.
Thailand’s crisis III.
South Korea’s crisis IV.
Indonesia’s crisis |
|
How will you conduct your Lessons The professor will discuss the items listed
above in class (between 1 and 3 class periods will be used for each of
these topics). The discussion
will be in English, but students will be able to follow the lecture using
detailed written notes that will be presented by use of PowerPoint, an
over-head projector, or hand-outs. Students
are encouraged to ask questions both in class and in the professor’s
office. |
|
How will you Decide the Grade I.
10 % of the grade will be based on attendance and participation.
Students are expected to come to every class meeting, unless there
is an emergency. II. Two
tests, each one worth 25 % of the grade, will be given. III. Students, either individually or in
groups (groups cannot include more than 4 students), must write a paper
worth 40% of their grade. These
papers must apply what the students learned in class to a country other
than Thailand, South Korea, or Indonesia.
Each group must analyze a different country.
Students will be allowed to choose their own groups. |
|
What Knowledge is
Useful for This Class Knowledge of Macroeconomics would be useful,
but is not required. |
|
Text No textbook is required.
Relevant photocopied articles and explanations will be distributed
in class. |
|
Reference |