Full course description
Note about payment: Payment for this course is via the UCL Online Shop (link below). However if you have a promotional code please use the "Enroll now" button at the top.
About this course:
In this course you will consider the challenges of stabilisation in an open economy. Looking at how exchange rates work and the differences between fixed and flexible exchange rate regimes, you will consider the limitations to monetary policy in an open economy where interest rates affect exchange rates. Finally, using the experience of developed countries you will consider the implications for growth and macroeconomic stability in developing countries. You will then distil the lessons learned by the recent macroeconomic policymaking in such countries, and end by considering how these countries can develop institutional structures and economic policies that both encourage growth and ensure macroeconomic stability.
Topics Covered
- How do exchange rates work and why do they matter?
- Fixed versus flexible exchange rates and how they affect the economy
- How does the central bank in an open economy design monetary policy?
- Monetary (and Fiscal) policy in an open economy
- What have we learned historically about policies facilitating macroeconomic stability?
- What are the specific constraints related to macroeconomic policy faced by developing countries
- What lessons have been learned from the recent macroeconomic experiences in developing countries?
- How can developing countries best handle the twin challenges of macroeconomic stability and long-term growth?
Commitment: This course is suitable if you have completed “Understanding the Economy: Intermediate” or have equivalent knowledge. Each course comprises 2 units divided into 4 sections, making up 7-8 hours of learning. The course ends with a light-touch assessment of the learning for you to measure your learning.
Recommend completion time: 4 weeks
Format: Online
Fee: £144 (including VAT)
Pay here (this link will take you to the UCL Online Store where you can complete your payment)
Promotion: Purchase the complete course set for £300 + VAT