Description: Subject uses case studies to investigate the macro-environment in which firms operate. First section develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. Second section evaluates different strategies of economic development, with topics ranging from trade and industrial policy to reliance on natural resources. Third section discusses recent emerging market crises and examines the causes of these crises as well as how best to address them and prevent them from reoccurring in the future. Final section evaluates several major challenges currently faced by developed countries, such as global integration, inequality, and asset-price bubbles.
Course #: 15.012
Professor(s) who recently taught this course:
Kristin Forbes
Roberto Rigobon
Lester Thurow