ECON 102: Principles of Macroeconomics

Syllabus: pdf

Macroeconomics is the study of economic activity on a national level. This course deals with the determination of national output and prices, short-run fluctuations and long-term growth, the role of the financial sector, the impact of monetary and fiscal policies, and international economies.

Prerequisite: ECON 101: Principles of Microeconomics

ECON 202: Intermediate Macro Analysis

Syllabus: pdf

Macroeconomic analysis deals with the determination of aggregate output and prices, economic growth, the financial markets, cyclical fluctuations, fiscal and monetary policies, and linkages with the global economy.

Prerequisites: ECON 101: Principles of Microeconomics, ECON 102: Principles of Macroeconomics and one math course at the level of MATH 115 or higher taken at Wellesley.

ECON 312 The Economics of Globalization

Syllabus: pdf

This course examines the reasons for the integration across borders of the markets in goods and the factors of production, and the consequences of these trends. In the first part of the course we discuss the history of globalization and the emergence of international public goods. We then analyze the reasons for international trade, the migration of labor and global financial flows, and their impact on growth and poverty. We also examine the implications of globalization for government policies and environmental policies.

Prerequisite: 201

ECON 313 Seminar. International Macroeconomics

Syllabus: pdf

This course deals with economic activity in an open economy. We begin with basic concepts, including the balance of payments, exchange rates, and the impact of macroeconomic policies. We then examine the choices countries make in their choice of capital account and exchange rate regimes. Finally, we study currency and financial crises, including the role of the IMF.

One of the goals of the course is to learn how to read research papers. We will read recently published papers and working papers and discuss how their authors present their evidence.

Prerequisites: The prerequisites for the course are ECON 202 and 203. It will not be possible to take either of these courses concurrently with this course, as the theoretical models and empirical analyses we will discuss require familiarity with the material taught in ECON 202 and 203.