Parker School of Business

Macroeconomics & International Economics

MIT 14.02 · Intermediate Level

Open economy macroeconomics: national income accounting, IS-LM, aggregate demand/supply, exchange rates, international trade theory, balance of payments, and global financial crises.

8 Modules

Self-Paced

Certificate

Graduate Level

What You'll Learn

  • Measure GDP and national income; understand macroeconomic accounting identities
  • Use the IS-LM framework to analyze monetary and fiscal policy
  • Analyze inflation, unemployment, and the Phillips Curve trade-off
  • Model exchange rate determination using PPP and interest rate parity
  • Apply the Mundell-Fleming model to open-economy policy analysis
  • Understand international trade theory, trade policy, and global capital flows
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Academic Attribution

Adapted from MIT OCW 14.02 Principles of Macroeconomics. MIT Department of Economics.

CC BY-NC-SA 4.0

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