2010 OEM Chapter 1

2010 OEM Chapter 1 - Open Economy Macroeconomics Steven...

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Open Economy Macroeconomics Steven Husted Department of Economics University of Pittsburgh 2010
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Note to the reader: The purpose of this text is to provide a complete set of lecture notes over the material that I think should be covered in an undergraduate course on international finance. It is a quite a bit shorter than standard textbook presentations, because its focus is on the material I teach. Over time, I hope to add new chapters. If there are topics you would like to see added, please let me know. The text is constantly evolving. I revise it each year. I rewrite or add sections. I also try to update discussions of real world events and make sure that web links continue to work. Because of the constant revisions, mistakes tend to appear. Please read the material carefully; don’t hesitate to contact me if you find typos, incomplete sentences, grammatical mistakes, etc. The easiest way to pass your comments along is by e-mailing me at husted1@pitt.edu . If you prefer, bring your corrections to class or my office. I would like to thank Professor Michael Plummer for many helpful comments on an earlier draft of this material, Tom Horne, Michelle Winter, and ( your name could be here! ) for pointing out a number of typos. -i-
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Chapter 1: An Introduction to International Finance International finance is the branch of international economics that deals with a variety of issues that are related to macroeconomic behavior, such as the determination of real income and the allocation of consumption over time, in a country that engages in international trade. As such, this
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This note was uploaded on 04/17/2011 for the course ECON 1510 taught by Professor Stevenhusted during the Spring '11 term at Pittsburgh.

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2010 OEM Chapter 1 - Open Economy Macroeconomics Steven...

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