15.012 Applied Macro- and International Economics

As taught in: Spring 2002

A financial balance sheet showing the U.S. Reserve Assets data for the week of June 27, 2003.

U.S. reserve assets data for the Week of June 27, 2003. (Data courtesy of the U.S. Department of the Treasury.)




Prof. Lester Thurow

Course Features

Course Description

This course will focus on the environment of firms with particular emphasis on economic variables such as GNP, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the basic tools of macroeconomic management by focusing on historical episodes, particularly in the United States. The second looks at national economic strategies for development. The third section concentrates on the recent financial and currency crises in emerging markets. The fourth part looks at the problems faced by transition economies. Finally, the last module looks at challenges of developed countries.

*Some translations represent previous versions of courses.