International Economics
Spring 2022
Assoc. Prof. Chris Ball
Economics Department
Email: christopher.ball@qu.edu
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
My Notes and Materials (PDF)
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Supply and Demand Analysis of Exchange Rates
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Exchange Rate Regimes
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Analyzing Money Markets and Policy
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National Income Accounting and Balance of Payments
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Readings and Other Material
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IMF IFS for BoP Data: https://data.imf.org/regular.aspx?key=62805740
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IMF, "Emerging Economies Must Prepare for Fed Policy Tightening", IMF Blog, January, 10, 2022
Access through MacMillan's Achieve (includes our course's code): https://achieve.macmillanlearning.com/courses/mho8js
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MacMillan help to "Purchase access to your course in the Student Store"
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Or buy book and ONLINE code at the QU bookstore.
Fixed Exchange Rate Regimes: For Homework 2
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A General Model of Exchange Rates and Exchange Rate Regimes
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Lecture on a Brief Introduction to Exchange Rate Regimes
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Lecture on S&D and FOREX
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Lecture on General E 01 Basic S&D Analysis in FOREX Mkt
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Lecture on General E 03 R and FIXED
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Sterilization
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Lecture Notes: Putting Money Into the Economy - Part 1 Basics​
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Lecture Notes: Putting Money Into the Economy - Part 2 Gifts
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Lecture Notes: Putting Money Into the Economy - Part 3 Domestic Open Market Operations (OMO)
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Video: Putting Money Into the Economy (covers material in "Putting Money Into Economy Notes Parts 1, 2 and 3")
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Lecture Notes: Putting Money Into the Economy_ Part 4 International OMO
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Lecture Notes: Sterilization Part 1
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Video: International OMOs
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Video: Sterilization Part 1
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Fixed Exchange Rate Regimes
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Lecture Fixed E Part 3: M and R
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Video: Balance of Payments Crises
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Homework 2 due by midnight, Thursday, April 16
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Answer Key for Homework 2
First part of the Course (done on-site)
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Open Economy Basics Review
OLD on-site Lecture Notes
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Open Economy Loanable Funds (Hand written actual lecture notes)
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Practice Problems​
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Real Money Markets, FOREX and Time Paths: Two Completed Examples
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Practice Problems​​​
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Lecture on the Law of One Price, Exchange Rates and Purchasing Power Parity
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Money Markets and Forex: For Homework 1 (for online course)
The Market for Nominal Money Balances
Videos
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​​Money Market 1: Money Demand
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Money Market 2: Graphing Money Demand
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Money Market 3: Money Supply
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Money Market 4: Equilibrium
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Money Market 5: Short Run Analysis
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Money Market 6: Long Run Analysis
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Money Market 7: Time Paths
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Money Market 8: Growth Rate of Money Part 1
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Money Market 9: Growth Rate of Money Part 2
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Money Market 10: Anticipated and Permanent Changes in the Money Supply
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Converting the Real Money Market to the Nominal Money Market
Note: All changes here are unanticipated and permanent.
Videos
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Real to Nominal Money Market 01: Basics
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Real to Nominal Money Market 02: Increase in M
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Real to Nominal Money Market 03: Decrease in M
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Real to Nominal Money Market 04: Increase in y
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Lecture Notes: REAL Money Markets​
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The FOREX Market (done in class)
Lecture Notes: The FOREX market
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The FOREX and Money Markets - Flexible Exchange Rate Regimes
Lecture Notes: REAL Money Markets, FOREX and Time Paths: Two Completed Examples
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Lecture Notes (new): Assumptions on Timing Announcements and Beliefs
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Unanticipated and Temporary Changes in Levels
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Flex E 1 video: Unant & Temp Increase in the Domestic Money Supply
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Flex E 2 video: Unant & Temp Increase in Domestic real GDP
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*Flex E video 3: Unant & Temp Increase in the Foreign Money Supply
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*Lecture note: Flex E 3 - Unant & Temp Increase in the Foreign Money Supply
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Unanticipated and Permanent Changes in Levels
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Flex E 4 video: Unant & Perm Increase in the Domestic Money Supply
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Flex E 5 video: Unant & Perm Increase in Domestic real GDP
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*Flex E 6 video: Unant & Perm Increase in the Foreign Money Supply
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*Lecture note: Flex E 6 - Unant & Perm Increase in the Foreign Money Supply
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Anticipated and Permanent Changes in Levels
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Flex E 7 video: Ant & Perm Increase in the Domestic Money Supply
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*Flex E 8 video: Ant & Perm Increase in the Foreign Money Supply
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*Lecture Note: Flex E 8 - Ant & Perm Increase in the Foreign Money Supply
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Lecture Notes (new): The Role of Non-Tradables: Exchange Rate Overshooting in Flexible Exchange Rate Regimes
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Homework 1 - due by "midnight" Thursday, April 2