Macroeconomics (Open Economy)

Tutorials on the Mundell-Fleming model, at Paris 1 Panthéon-Sorbonne. I was a teaching assistant (TA) to Delphine Brochard, 12 hours.

Course outline

The aim of the course is to analyze the impact of opening up trade with the rest of the world, both on macroeconomic equilibrium conditions and on the potential effectiveness of fiscal, monetary and exchange rate policies. Analytically, the course is based on the IS/LM model in an open economy (Mundell-Fleming model).

1. Analytical framework.
2. Equilibrium conditions.
3. Effect of fiscal policy.
4. Effect of monetary policy & devaluation.
5. A model with two large, interdependent countries.
6. Effect of exchange rate policy.

Documents

Below are some personal, password-protected slides in French.

• From IS-LM to Mundell-Fleming
• Effects of fiscal policies in Mundell-Fleming
• Effects of monetary policies in Mundell-Fleming
• Collaborative mid-term correction