This module looks at three main topics. The first one is open economy and exchange rates, in particular uncovered and covered interest parity, real and nominal exchange rates determination under both flexible and fixed exchange rates with and without nominal rigidities. The second one is growth theory, in particular both exogenous (Solow) and endogenous growth models and their implications. The third topic is the determinants of saving, in particular the consumption/saving choice and the overlapping generation model (without production).

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