Macroeconomics (advanced level) (Alexey Devyatov)

Block 3. Open economy and international trade

The block addresses the following questions:

  • Exports, imports, and current account.
  • Capital flows.
  • Nominal and real exchange rates.
  • Supply and demand for foreign currency.
  • Exchange rate regimes.
  • Debt market and exchange rates.
  • The benefits of trade.

Lecture 3.1

Lecture 3.2

Lecture 3.3

Lecture 3.4

Lecture 3.5