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International Monetary EconomicsLecture 1
Prof. Edward Nell & Dr. Stephen Kinsella
Department of Economics,Kemmy Business SchoolUniversity of [email protected]
January 25, 2009
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 1 / 7
Introductions
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 2 / 7
What this Module is about
Analysis of Real World Data
Alternative, Historical, Perspectives
Theory & Empirics
Emphasis on Practical Skills wrt Modeling and data usage.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 3 / 7
What this Module is about
Analysis of Real World Data
Alternative, Historical, Perspectives
Theory & Empirics
Emphasis on Practical Skills wrt Modeling and data usage.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 3 / 7
What this Module is about
Analysis of Real World Data
Alternative, Historical, Perspectives
Theory & Empirics
Emphasis on Practical Skills wrt Modeling and data usage.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 3 / 7
What this Module is about
Analysis of Real World Data
Alternative, Historical, Perspectives
Theory & Empirics
Emphasis on Practical Skills wrt Modeling and data usage.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 3 / 7
What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historicalderivation
Be able to comment intelligently on current crises
Understand connections between monetary policy & the real world.
Become familiar with a broad class of models of the internationalmacroeconomy
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 4 / 7
What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historicalderivation
Be able to comment intelligently on current crises
Understand connections between monetary policy & the real world.
Become familiar with a broad class of models of the internationalmacroeconomy
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 4 / 7
What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historicalderivation
Be able to comment intelligently on current crises
Understand connections between monetary policy & the real world.
Become familiar with a broad class of models of the internationalmacroeconomy
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 4 / 7
What You’ll (Hopefully) Learn
Understand Monetary Policy in use today, understand it’s historicalderivation
Be able to comment intelligently on current crises
Understand connections between monetary policy & the real world.
Become familiar with a broad class of models of the internationalmacroeconomy
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 4 / 7
Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Handouts, podcasts, etc, on the site after classs
Scribe—We’d like 2 scribes per lecture for the class, Kinsella will putthe notes up on his blog. Volunteers?
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5 / 7
Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Handouts, podcasts, etc, on the site after classs
Scribe—We’d like 2 scribes per lecture for the class, Kinsella will putthe notes up on his blog. Volunteers?
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5 / 7
Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Handouts, podcasts, etc, on the site after classs
Scribe—We’d like 2 scribes per lecture for the class, Kinsella will putthe notes up on his blog. Volunteers?
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5 / 7
Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Handouts, podcasts, etc, on the site after classs
Scribe—We’d like 2 scribes per lecture for the class, Kinsella will putthe notes up on his blog. Volunteers?
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5 / 7
Our Expectations
Read material before class
Email me whenever, don’t send me text messages
Discussion preferred to Lecturing
Handouts, podcasts, etc, on the site after classs
Scribe—We’d like 2 scribes per lecture for the class, Kinsella will putthe notes up on his blog. Volunteers?
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 5 / 7
Grading
3 Problem Sets: 10% each, Due End Weeks 4, 8, 10.
Final Exam: 70%
Expect a Sample Exam week 8
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 6 / 7
Grading
3 Problem Sets: 10% each, Due End Weeks 4, 8, 10.
Final Exam: 70%
Expect a Sample Exam week 8
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 6 / 7
Grading
3 Problem Sets: 10% each, Due End Weeks 4, 8, 10.
Final Exam: 70%
Expect a Sample Exam week 8
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 6 / 7
Accessing Materials
Visit stephenkinsella.net regularly.
Readings on web before class.
No main textbook, readings either online or on short term reserve inthe library.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 7 / 7
Accessing Materials
Visit stephenkinsella.net regularly.
Readings on web before class.
No main textbook, readings either online or on short term reserve inthe library.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 7 / 7
Accessing Materials
Visit stephenkinsella.net regularly.
Readings on web before class.
No main textbook, readings either online or on short term reserve inthe library.
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 7 / 7
History of the International Monetary System
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 8 / 7
Next Week: IS-LMReadings
Notes on stephenkinsella.net
Edward Nell & Stephen Kinsella (UL) International Monetary Economics January 25, 2009 9 / 7
