PhD in Economics - International Economics in Madison United States | University of Wisconsin-Madison

The field of international economics encompasses two main areas: trade and macroeconomics. The trade aspect examines the drivers and impacts of global commerce, along with policies that influence trading patterns. Scholars employ various equilibrium models that incorporate specific competitive distortions to study these phenomena, while also highlighting relevant empirical data. Contemporary research explores trade dynamics and factor mobility considering firm-specific differences, time-based changes, unpredictability, adaptive government policies, strategic decision-making between entities, and the objectives behind international trade agreements. Course Economics 871 provides students with foundational knowledge of the tangible aspects of international economics.

On the macroeconomic front, international economics emphasizes financial markets and monetary factors in open economies. Key areas of study include how exchange rates are determined and the interplay between real economic factors and financial systems across nations. The curriculum covers both classic and modern analytical frameworks for assessing how monetary policies, fiscal measures, and cross-border policy coordination affect economies, along with topics like global capital flows, debt defaults, economic expansion, and ideal investment strategies. Additionally, it investigates how credit limitations influence international resource distribution and explores the origins and effects of global financial crises and abrupt capital flow reversals.