Class material

1. Main results from trade theory
   Read India's liberalization story
   Read The Economist's "trade lecture"
2. National income accounts
   Read National Income Accounting and the Balance of Payments
   Study Household savings rate in developed economies
3. Balance of payments
   Predictions for the decade
4. Current account
   Read Does the US Have a CA Deficit Disorder from KK
5. Basics of exchange rates
   Watch Euro: Down But Not Out?
6. Interest Rate Parity
   
7. Money, Interest and Exchange Rate
   Read Can We Forecast Interest Rates from KK
8. Purchasing Power Parity
   Study The Big Mac Index
9. Forecasting FX
   
10. The Economist on Nobel prize in economics
11. Aggregate demand, CA and macroeconomic policy
    Read Tom Sargent's comment on Europe
    Read Whiskey Rebellion
    Study SNB actions and compare to Fed's policy
12. Fixed exchange rates
    Made in Greece
    
13. Internal and external balance
    Read Reserve Currencies: Climbing the Greenback Mountain. Slides
14. European Monetary System
    Read European Labor Markets and EMU Challenges Ahead from KK. Slides
15. China
16. Crises and international capital markets
    Read Europe debt crisis explained
    Read Pain in Spain