Global Macroeconomic Challenges 7.5 credits

About the course

The course focuses on major macroeconomic challenges shaping today’s global economy. It explores issues of sustainable debt accumulation, the dynamics and recurrence of sovereign and private debt crises, and the conditions necessary for domestic and international financial stability. A central theme in the course is the analysis of structural imbalances in international trade and capital flows, including persistent current account divergences, global savings-investment mismatches, and the role of financial globalization. The course also covers the roles of fiscal and monetary policy in addressing these challenges, as well as conflicts between economic policy objectives. By combining economic theory and case studies of recent global and regional crises, the course provides a framework for understanding contemporary macroeconomic policy debates.