Theory of the balance of payments and balance-of-payments adjustment. International financial system, foreign exchange market, determinants of the trade balance and capital accounts, and the impact of government financial policies in the open economy. Prerequisites: 01:220:320, 321, and 322. Major credit may be earned for only two of the three options: (i) 01:220:300, (ii) 01:220:335 or 435), (iii) 01:220:336 or 436.
(Credit not given for both this course and 01:220:336)