Taught by Mr. Ivan Van De Cloot, 'Macroeconomics for International Business' was an interesting, but surely not one of the easiest subjects we had during the first semester.
The course was guided by the book 'Macroeconomics', written by Olivier Blanchard (Professor of Economics at MIT), which covered topics such as the equilibrium of the goods, financial and labor markets in the short, medium and long run (supported by different models such as IS-LM / AD-AS), expectations, the open economy and pathologies.
Discovering how the equilibrium in a market is established, and how everything really affects everything else (interest rates, output, labor, investments, taxes, etc.) was quite the eye-opener. I'm not going to go into detail regarding the content of these classes however, because this is not a macroeconomics blog. What I ám going to do though, is post a video which I encountered on Youtube while studying this subject and which I thought was quite interesting. You can read more about it in the following post.
(* Mr. Ivan Van De Cloot is the Former Chief Economist of ING Belgium, now Chief Economist at the Itinera Institute think tank)
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