MEC5040 Rahvusvaheline majandus / International economics considers the macroeconomics of an open economy. Theoretical foundations, empirical analyses and contemporary policy issues will be discussed. Among the topics covered are:
- Internationalisation and globalisation
- Using
international financial markets to reallocate resources across time and states
of risk
- Prices and interest rates under free international trade and financial flows
- Economic policy under fixed and floating exchange rates
- The benefits and costs of monetary unions
- The euro area and the Maastricht criteria
- Theories of exchange rate crises
- International financial crises (global financial crisis, corona crisis)
- Õpetaja/Teacher: Kristiina Pullerits
- Õpetaja/Teacher: Karsten Staehr