The course covers topics in open economy macroeconomics. It will help students to become critical readers of popular and ongoing debates about the global economy. Topics include international capital flows; exchange rate regimes; theories of speculative attacks and currency crises; causes and consequences of financial crises; prediction of financial crises; stabilization and adjustment; debt crises; international monetary integration; and scope and functions of international monetary agencies. Prerequisites: ECON 3013 and ECON 3023 or equivalent courses.