Course info

This course covers topics in open-economy macroeconomics and the international monetary system.  This subject examines the impact of monetary institutions and policy actions on commodity prices, wages, interest rates, employment levels, consumption, and production – all considered at a global level. This course provides an in-depth perspective in the dynamics of balance-of-payments (BoP), foreign exchange market, exchange rate and other concepts in international monetary economics.  This course provides students with tools to gain an understanding of recent events and current policy issues. The insights provided by these theoretical frameworks will enable students to discuss topics such as the Philippines' current account deficit and global financial imbalances, the exchange rate regime, and the role of international factors on a nation's employment, wage, and economic performance.