Economics 440 - IMF Macro Programs

Students will learn how to use the International Monetary Fund’s macroeconomic programming and policy framework both to diagnose and to correct macroeconomic imbalances. The course will cover the four main macroeconomic sectors (real, fiscal, external, and monetary/financial) and the interrelations among them, highlighting both accounting and behavioral relationships using a detailed country case study. We will study the main macroeconomic policy tools available to country authorities and the quantitative effect of policies on the macroeconomic sectors. We will also discuss structural policies and their interaction with macroeconomic policies. Students will use real world examples to study the issues most relevant to emerging markets and developing economies and examine critical perspectives of the framework. The course is geared to both those who may be involved in the future in policy making, policy implementation, or in advising/assisting policy makers, and to those who may become involved in policy analysis for international organizations, research bodies, the press, etc.  

Requisite: ECON 330/331.  Limited to 25 students.  Fall semester.  Professor Georgiou.