1. Prof. Jeffrey Frankel COURSE OVERVIEW
API 120: Macroeconomic Policy Analysis I
August 31, 2015
Prof. Jeffrey Frankel
COURSE OVERVIEW

2. Teaching Fellow: Martin Wachs
Course Assistants: Maria Carpanelli, Prabhat Mishra, Miguel Jaramillo and S. Ozair Ali
Faculty Assistant: Minoo Ghoreishi, Belfer
Lectures: Mon. & Wed., 2:45-4:00 pm, L140 (& Fri., 9/4/13)
Review Sessions: Fridays:  8:45-10:00 & 10:15-11:30 am, L230 
Final exam: Monday, Dec.14, 3 p.m.- 6 p.m.
If you can’t take the exam that day, or the mid-term, don’t take the course.
Grading: Problem sets 25% (7 of them); mid-term exam 25%; final exam 50%.
Who can take the course?
MPA/IDs, for whom it is designed.
One or two others to whom I have given permission,
at their own risk.

3. Expectations for Classroom Behavior
Please be on time.
Bring your name card.
Fixed seating chart, same as in other MPA/ID classes (from Wednesday).
No side conversations.
Eat responsibly.
Leave class for emergencies only.
No electronics in class unless specifically permitted.
Cell phones off.

4. Topics: Devaluation and the Trade Balance The Mundell-Fleming Model
III. Money and Inflation
IV. Integration of Goods Markets
V. Small Open Economies
VI. Currency Regimes
VII. Integration of Financial Markets
Exchange Rate Determination
To be continued in API-119, Feb. 2016:
IX. Emerging Market Crises
X. Portfolio Diversification

5. APPENDIX: Overview of Models & Assumptions

6. Empirical Evidence

7. Overview of Models and Assumptions (concluded)