Knowledge
Through the topics of International Economics you will
- understand how individuals and policy makers make optimal decisions in a dynamic environment
- learn how current decisions affect the future
- understand how policymakers manage expectations As the current financial crises have shown, it is crucial that policymakers and individuals think about the dynamic impact of their decisions , and especially monetary policymakers take management of expectations about the future very seriously. For an individual, dynamics is present in everyday problems, like thinking about saving for the future, risk sharing.
Skills
You will learn
- to develop an economic model
- to compare calibrated models to the data
- to optimize with mathematical methods to analyze problems.
General Competence
The course is a great opportunity for you to
- develop economic intuition
- learn to relate newspaper articles to the topics covered in class
- learn how to formulate a research idea for your MA thesis