Applied Macro- and International Economics

World map depicting GDP per capita.

World map of GDP per capita based on 2008 IMF estimates. (Image courtesy of sbw01f on Wikipedia.)


MIT Course Number


As Taught In

Spring 2011



Cite This Course

Course Features

Course Description

15.012 Applied Macro- and International Economics uses case studies to investigate the macroeconomic environment in which firms operate. The first half of the course develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. The class discusses recent emerging market and financial crises by examining their causes and considering how best to address them and prevent them from recurring in the future. The second half evaluates different strategies of economic development. Topics covered in the second half of this course include growth, the role of debt and foreign aid, and the reliance on natural resources.

Rigobon, Roberto, and Alberto Cavallo. 15.012 Applied Macro- and International Economics, Spring 2011. (MIT OpenCourseWare: Massachusetts Institute of Technology), (Accessed). License: Creative Commons BY-NC-SA

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