#  API-120: Advanced Macroeconomics for the Open Economy I 

 





 Semester:   Spring 

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 Year offered:  2025 

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 Link: [Course Website](https://canvas.harvard.edu/courses/132776) 

 

 

 

Focuses on the international dimension of macroeconomic policy, particularly monetary, fiscal, and exchange rate policy, and on the determination of the current account balance, national income, and inflation. Special attention is given to developing countries and other small open economies, defined as those for whom prices are determined on world markets. Models of devaluation include those that focus on the price of internationally traded goods in terms of non-traded goods. A major overall theme is countries' choice of monetary regime, particularly the degree of exchange rate flexibility and alternative ways that central banks can credibly commit to anchor inflation expectations. Implications of commodity price swings and financial crises in emerging markets will both be covered.

*This course is designed for MPA/ID students and is open to a few non-MPA/ID students by permission of instructor only. Proficiency in calculus essential.*

[CANVAS SITE](https://canvas.harvard.edu/courses/62300)

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## Class Materials:

### JF & FS eclipse April 2024

### API-119-120 stdts, 2022

### API-120 students, March 2023

### Photo, API120class 2018Dec

### photo 9/2018: MPAID students + faculty + Carol



 

 

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- [  image  mpaidmacro2022nov30.jpeg ](/sites/g/files/omnuum8121/files/frankel/files/mpaidmacro2022nov30.jpeg)
- [  image  api120fnlxm2022-05-06.jpg ](/sites/g/files/omnuum8121/files/frankel/files/api120fnlxm2022-05-06.jpg)
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- [  image  api120pic2018\_.jpg ](/sites/g/files/omnuum8121/files/frankel/files/api120pic2018_.jpg)
- [  image  mpaidssept2018wcarol.jpg ](/sites/g/files/omnuum8121/files/frankel/files/mpaidssept2018wcarol.jpg)
 
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