1. Lecture 221 Macroeconomic Analysis 2003 BOP Crisis and Economic Policy Blanchard (20) Mankiw (2) M&S (20)

2. Lecture 222 Nature of Economic Crisis

3. Lecture 223 Three GAPs: Investment-Saving, Budget and Trade Gaps i Saving and Investment I(r) S(Y) Private saving +public saving = net export Trade Surplus Trade deficit 0 i K-outflow K-inflow

4. Lecture 224 Internal and External Balance Under the Fixed Exchange Rate Regime

5. Lecture 225 Macroeconomic Fundamentals

6. Lecture 226 Basics of the Foreign Exchange and the Financial Market

7. Lecture 227 Speculation and Crisis

8. Lecture 228 First generation models of Economic Crisis

9. Lecture 229 Second generation models of Economic Crisis

10. Lecture 2210 Two Views About Asian Crisis

11. Lecture 2211 Mexican crisis

12. Lecture 2212 Crisis in transition economies

13. Lecture 2213 Main components of economic liberalisation

14. Lecture 2214 Exercises What are the macroeconomic fundamentals (a) causing economic crisis (b) that avoid economic crisis? What were the reasons and consequences of Asian crisis of 1997-1999? How did Mexican and Latin American crises emerged and solved? What were the problems of liberalisation in the transition economies?