Economics 170
International Macroeconomics
Spring 2008
Department of Economics
Duke University

Professor Martin Uribe
E-mail: uribe@duke.edu
Office Hours: Mondays and Fridays 11:30 to 12:30, SocSci 221

Professor Stephanie Schmitt-Grohe (Second half of the semester)
E-mail: grohe@duke.edu
Office Hours: Mondays and Fridays 11:30 to 12:30, SocSci 221A

TA for first half of the course: Javier Garcia-Cicco
E-mail: jg55@duke.edu
Office Hours:  Wednesdays and Thursdays from 3:00 to 4:00, SocSci 325A. .

TA for second half of the course: Sarah Zubairy
E-mail: sarah.zubairy@duke.edu
Office Hours:  Wednesdays and Thursdays from 3:00 to 4:00, SocSci 02D (basement).

Meetings: Mondays and Fridays 10:05 to 11:15 am, Allen Building 318.

Course Description: Econ 170 is a field course in International Macroeconomics. It develops a theoretical framework for the analysis of the determinants of international capital movements, trade imbalances, and nominal and real exchange rates. The theoretical framework is then used as the basis for the discussion of policy issues such as the emergence of the U.S. as a foreign debtor in the 1980s, the developing country debt crisis, exchange-rate-based inflation stabilization, debt default, and balance-of-payment crises.

Midterm Exam: Friday, March 7, 2008 in class class, usual time and location.

Final Exam: Tuesday, April 29, 2008 from 2:00pm-5:00pm in the regular classroom. This exam is cumulative.

(Note: The syllabus and the lecture notes are in PDF format, which is readable byAdobe's Acrobat Reader. If you do not have this viewer, you can download it for free at Adobe Acrobat.)

Syllabus

Lecture Notes

Handouts
Handout 1
Handout 2
Handout 3
Handout: Purchasing Power Parity
Handout: Determinants of Real Exchange Rates
Handout: The Developing Country Debt Crisis
Handout: Debt Restructuring

Homeworks
Problem Set 1 (due 1/18) Download accompanying Economist article 1 and article 2
Problem Set 2 (due 1/25).
Problem Set 3 (due feb/4)
Problem Set 4 (due 2/11)
Problem Set 5 (due 2/25)
Problem Set 6 (due 3/3). Download accompanying article by D. Rodrick.
Problem Set 7 (due 4/4).
Problem Set 8 (due 4/14).
Problem Set 9 (due 4/21).