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International Economics
Spring 2022

Assoc. Prof. Chris Ball

Economics Department


Office phone: +1 203 582 8745

Office Location: 4th Floor Rocky Top Student Center

QU Course Number: EC 350

Days: Tuesdays and Thursdays

Time:  11:00 am - 12:15 pm

Location:  TH 315

Office Hours: TBD and As Needed

Required Online Book and Resources:

Taylor and Feenstra, International Macroeconomics, 5th Edition, MacMillan 

Syllabus and Other Material

EC 350 Spring 2022 Syllabus: download

Readings and Other Material

Access through MacMillan's Achieve (includes our course's code):

Or buy book and ONLINE code at the QU bookstore.

Additional Materials

P. Montiel on Financial Markets 

My Review Materials

First part of the Course (done on-site)

Open Economy Basics Review


OLD on-site Lecture Notes

  1. Open Economy National Income, BoP and Sudden Stops

  2. Open Economy Loanable Funds (Hand written actual lecture notes)

  3. Exchange Rates

  4. The FOREX market

  5. Real Money Markets

  6. Real Money Markets, FOREX and Time Paths: Two Completed Examples

Money Markets and Forex: For Homework 1 (for online course)


The Market for Nominal Money Balances


Converting the Real Money Market to the Nominal Money Market 

Note: All changes here are unanticipated and permanent.


Lecture Notes: REAL Money Markets

The FOREX Market (done in class)

Lecture NotesThe FOREX market

The FOREX and Money Markets - Flexible Exchange Rate Regimes

Lecture NotesREAL Money Markets, FOREX and Time Paths: Two Completed Examples

Lecture Notes (new)Assumptions on Timing Announcements and Beliefs

Unanticipated and Temporary Changes in Levels

Unanticipated and Permanent Changes in Levels

Anticipated and Permanent Changes in Levels

Lecture Notes (new)The Role of Non-Tradables: Exchange Rate Overshooting in Flexible Exchange Rate Regimes

Homework 1 - due by "midnight" Thursday, April 2


Anskwer Key for Homework 1

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