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Daniel Riera-Crichton
Contact me: drieracr@bates.edu
Betty Doran Stangle Chair Professor of Economics Bates College


Undergraduate Courses

Bates College, Lewiston, Maine.

ECON 343. International Finance. A study of the macroeconomics of international economics. The course covers topics in international finance and open-economy macroeconomics, including foreign exchange markets, exchange rate determination and regimes, purchasing power parity, balance of payments, the international capital market, and financial globalization. This course is designed to help students understand the main implications of increasing integration of the world economy. Students learn fundamental theories in the analysis of international macroeconomics, review related empirical evidence, analyze current international macroeconomics issues, and evaluate policy options.

ECON 305. International Financial Stability. Global financial stability is an essential requirement to ensure sustainable world economic growth and the successful development of emerging markets. This course provides an in-depth understanding of the mechanisms and institutions that rule our international financial system. First, students take a historic look at the evolution of the international monetary system during the last century. Then they study recent failures of the system leading to global financial crises. Special attention is paid to currency, debt, and balance of payments crises. Finally, they review current policy challenges faced by developed and developing nations

ECON 341. Time Series Econometrics. This course examines the theory and application of time series econometrics. The course considers issues related to time series data including stationarity, lag structure, and endogeneity, as well as estimation techniques such as vector autoregressions, maximum likelihood, and Bayesian approaches. The course's applications primarily are related to the estimation of macroeconomic models and forecasting macroeconomic policy changes.

ECON 270. Intermediate Macroeconomic Theory. This study of national income determination includes movements involving consumption, saving, investment, demand for money, supply of money, interest rates, price levels, wage rates, and unemployment. Monetary policy, fiscal policy, inflation, and growth models are considered.

ECON 103. Principles of Macroeconomics: Income and Employment. A survey of major economic issues in the United States, such as economic growth, employment, and inflation. Students discuss the causes and consequences of fluctuations in income, employment, and inflation, and analyze fiscal and monetary policies designed to correct them. Conduct lectures, prepare midterm and final examinations and assign academic grades to 40 students.

ECON 221. The World Economy. Trends and patterns in international trade and finance are discussed in relation to topics such as trade and growth, tariffs and trade restrictions, economic integration, and international economic cooperation and policy. Conduct lectures, prepare midterm and final examinations and assign academic grades to 30 students

Vassar College, New York.

Econ 100a: Introduction to Macroeconomics focuses upon basic economic concepts, emphasizing the broad outlines of national and international economic problems. The causes and consequences of variations in gross national product, unemployment, interest rates, inflation, the budget deficit, and the trade deficit are examined at length. Conduct lectures, prepare midterm and final examinations and assign academic grades to 65 students.

Econ 346: International Monetary Theory and Policy focuses upon the problems of balance of payments and adjustment mechanisms. Topics include: the balance of payments and the foreign ex-change market; causes of disturbances and processes of adjustment in the balance of payments and the foreign exchange market under fixed and flexible exchange rate regimes. Conduct lectures, prepare midterm and final examinations and assign academic grades to 10 students.

Yonsei University, Underwood International College, Seoul.

Introduction to Macroeconomics focuses upon basic economic concepts, emphasizing the broad outlines of national and international economic problems. The causes and consequences of variations in gross national product, unemployment, interest rates, inflation, the budget deficit, and the trade deficit are examined at length. Conduct lectures, prepare midterm and final examinations and assign academic grades to 45 students.

Internatioal Economics. Trends and patterns in international trade and finance are discussed in relation to topics such as trade and growth, tariffs and trade restrictions, economic integration, and international economic cooperation and policy. Conduct lectures, prepare midterm and final examinations and assign academic grades to 30 students

San Francisco State University, San Francisco.

ECON 611: International Trade Theory and Policy Conducted Lectures prepare midterm and final examinations, assign academic grades to 36 students 01/2007-5/2007

ECON 612: International Finance and Macroeconomics Conducted Lectures prepare midterm and final examinations, assign academic grades to 38 students 01/2007-5/2007

University of California Santa Cruz.

Econ 138: “Strategic Management of Technology and Innovation: the analytics of issues in technology and innovation, including cooperation in research and development (R&D), standardization and compatibility, patents and intellectual property rights, and strategic management, using economic models and firm case studies.” Conducted Lectures, prepared assignments and final examinations and assigned academic grades to 40 students.

Econ 130: “Money and Banking: The institutional structure of central banking and of bank and nonbank financial intermediation in the U.S.; theoretical and empirical investigations of the role of monetary policy in macroeconomic stabilization and economic growth”. Conducted Lectures, prepared midterm and final examinations and assigned academic grades to aprox. 50 students.

Econ 100b: “Intermediate Macroeconomics: Study of the concepts and techniques of contemporary macroeconomics and how they can be used to understand the economy and its response to policy. The course gives emphasis to the development of a framework for understanding how unemployment, inflation, output, interest rates, trade deficits, exchange rates and other interesting measures of the economy are determined.” Conducted Lectures, prepared midterm and final examinations and assigned academic grades to 101 students.

Econ 100a: “Intermediate Microeconomics: Study of resource allocation, the function of markets, consumer behavior, and the determination of price, output, and profits in competitive, monopolistic, and oligopolistic market structures. Also considered issues of welfare and public policy”. Conducted Lectures, prepared midterm and final examinations and assigned academic grades to 59 students.

Graduate Courses

John Hopkins University (SAIS).

SA.300.852: Advanced Internatioal Monetary Theory: International finance refers to the monetary, fiscal, and capital flows side of international economics, in contrast to trade. This branch of economics studies, among other topics, price level and income determination in an open economy, capital flows, the selection of exchange rate regime and its impacts on macroeconomic stability, constraints on the formulation and implementation of monetary and fiscal policy in an open economy. Note that international finance is different from corporate finance. Corporate finance is an area of finance dealing with the financial decisions corporations make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize corporate value while reducing the firm's financial risks. 

Courses for Policy and Corporate Audiences

International Finance Corporation (World Bank Group).

Macroeconomics: Income and Employment. The course emphasizes the broad outlines of national and international macroeconomic economic policy issues. The causes and consequences of variations in gross national product, unemployment, interest rates, inflation, the budget deficit, and the trade deficit are examined at length.

 

Central Bank of Azerbaijan   (under the Swiss State Secretariat for Economic Affairs (SECO) and The Graduate Institute support program for Emerging Markets).

Exchange rate instabilities and declining commodity prices. The goals of this course is to review the theory and empirical evidence on exchange rate determination with special focus on the role of commodity prices. In this course, we will study the link between commodity price shocks, commodity terms of trade shocks and exchange rate instability.