World map of GDP per capita based on 2008 IMF estimates. (Image courtesy of sbw01f on Wikipedia.)
Instructor(s)
Prof. Roberto Rigobon
Prof. Alberto Cavallo
MIT Course Number
15.012
As Taught In
Spring 2011
Level
Graduate
Course Description
Course Features
Course Description
15.012 Applied Macro- and International Economics uses case studies to investigate the macroeconomic environment in which firms operate. The first half of the course develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. The class discusses recent emerging market and financial crises by examining their causes and considering how best to address them and prevent them from recurring in the future. The second half evaluates different strategies of economic development. Topics covered in the second half of this course include growth, the role of debt and foreign aid, and the reliance on natural resources.
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