The course B8250 Global Economic Environment II (GEE II) must be taken prior to or concurrently with B8251. The first half of B8251 assumes knowledge of material covered in the core course GEE I, while the second half of B8251 assumes knowledge of material in GEE II, which will be completed by the time this material is required for B8251, even if both courses are taken concurrently.
This is a lecture course that is part of a sequence with Global Economic Environment II (GEE II) which draws from the fields of Finance and Macroeconomics. The course is intended to help students understand the role that financial markets and monetary policy play in the global economic environment that they will have to face in the future. It also provides an understanding of the underlying institutions, both political and economic, that either make financial markets work well or that interfere with the efficient performance of these markets. The course develops a series of applications of principles from finance and economics that explore the connection between financial markets, monetary policy and the macro economy. In addition, it will focus on many public policy issues and examine how the most important players in financial markets, central banks, operate and how monetary policy is conducted. The course will have a strong international orientation by examining monetary policy in many countries and possible reforms of the international financial system. We will also focus on current events reported in the financial press with an extensive discussion of 20-30 minutes at the beginning of every class in which we will use the analytic frameworks developed in class to help us to understand these developments.
Alfred Lerner Professor of Banking and Financial Institutions
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center...