Foundations of Economics
This module presents the core field of macroeconomics and international macroeconomics. Students will be introduced to the foundations of macroeconomics. They will learn the functioning of goods, financial and labour markets; the basic analysis of monetary and fiscal policies; as well as concepts like the balance of payments, the exchange rate, currency markets, international capital mobility, purchasing power parity, and interest rate parity.
This will enable the students to better understand and interpret recent macroeconomic developments and the implications for government policies and markets. We shall address the economic policy options available to governments in the present context of economic globalization.
The main reference is the textbook by Blanchard (BLA, hereafter). We will supplement the textbook with readings from other sources such as academic journals, institutional reports, outlooks, and specialized news.
The course is organised to provide the theoretical underpinnings and some recent examples during the lectures. It is required from the students to read the main readings for each lecture to facilitate their understanding of the material to be discussed. In class, the material is discussed together thoroughly. It is expected from students their participation in class and their preparation of the material and exercises required.
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ECTS: 8
15 Sep 2025 -
19 Dec 2025
David
Baumann
Octavio
Fernández-Amador
Kirti
Jhunjhunwala
In the following programs: Master of Advanced Studies in International Law and Economics (MILE), Master of Law (LL.M.) in International Trade and Investment Law and Diploma of Advance Studies in International Law and Economics (TRAIL+)