International Macroeconomics

International economics takes both the micro and macro perspectives to study how nations interact through trade of goods and services, flows of money, and investment. It can be divided into two interrelated subfields: international trade and international finance. This course adopts the macro perspective on international finance and provides analytical tools and formal models to explain, in particular, balance of payments and exchange rate determination. To optimize learning outcomes, this course incorporates artificial intelligence to enhance students' understanding of the world economy. These AI tools provide personalized learning, real-time feedback, and practical application support, preparing students to assess current global economic events.

Class Information

• Syllabus: Spring 2026
• Discord: Econ Hub
• YouTube: Business School 101

Lecture Slides

• Getting Started with AI Agents
• Lecture 0: What is Economics
• Lecture 1: Introduction
• Lecture 2: National Income Accounting and Balance of Payments
• Lecture 3: Exchange Rates and Foreign Exchange Market
• Lecture 4: Money, Interest Rates, and Exchange Rates
• Lecture 5: Price Levels and Exchange Rate in Long Run
• Lecture 6: Output and Exchange Rate in Short Run
• Lecture 7: Fixed Exchange Rates and Foreign Exchange Intervention
• Supplementary: International Macroeconomics (by Schmitt-Grohe, Uribe, and Woodford)

🤖 Teaching Assistant

This course includes an AI-powered teaching assistant available 24/7 to help you master concepts, work through problems, and prepare for exams. The digital TA is trained on all course materials and provides personalized learning support.

Getting Started

1. Download this repository (click the green "Code" button → "Download ZIP")
2. Install VS Code (free)
3. Install GitHub Copilot extension (free for students via GitHub Student Developer Pack)
4. Open this folder in VS Code and launch Copilot Chat to start learning!

What the TA Can Do

• Explain concepts with step-by-step clarity
• Guide you through problem-solving
• Answer questions at your own pace, anytime
• Help you prepare for exams

Example Questions

• "Explain the interest parity condition with an example"
• "Help me understand problem 3 from Lecture 4"
• "What happens to output under permanent fiscal expansion?"
• "What's the intuition behind exchange rate overshooting?"

Remember: The TA is designed to enhance your learning, not replace it. Use it to deepen understanding while actively engaging with the material.