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ECON316 Open Economy Macroeconomics

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Macroeconomic aspects of international economics, including the balance of payments, the foreign exchange market, the international monetary system, and the effectiveness of monetary, fiscal, and exchange-rate policies in an open economy.

Paper title Open Economy Macroeconomics
Paper code ECON316
Subject Economics
EFTS 0.15
Points 18 points
Teaching period Not offered in 2021 (On campus)
Domestic Tuition Fees (NZD) $872.70
International Tuition Fees (NZD) $4,405.05

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ECON 202
Pre or Corequisite
ECON 201 or ECON 271
Schedule C
Arts and Music, Commerce, Science
May not be credited together with ECON302 passed before 1994.
Teaching staff

Alan King

To be advised.
Graduate Attributes Emphasised
Global perspective, Lifelong learning, Communication, Critical thinking, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes

The broad objective of this paper is to develop your ability to (i) think independently, critically and analytically and (ii) communicate ideas and arguments, both orally and in writing.

Students who successfully complete this paper will develop knowledge and understanding of

  • Key macroeconomic variables (e.g. the balance of payments, the money supply, the current account, the exchange rate, the price level, national income, etc.) and their relationships with each other
  • The effects of shocks (including policy shocks) on an open economy from both Keynesian and Monetarist perspectives
  • The implications of the international transmission of shocks for macroeconomic policy makers
  • The economic factors relevant to the choice of an exchange rate regime
  • The role of the international monetary system in general and the relative merits of the various systems that have operated since the late 19th century

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Not offered in 2021

Teaching method
This paper is taught On Campus
Learning management system