course

This course focuses on current policy issues for developing countries and emerging markets, and covers monetary, fiscal and external policies. The course is taught by a group of HEID alumni with at least 10 years of professional experience, working in national governments or international organizations such as the International Monetary Fund or the World Bank, combining a sound academic background with hands-on expertise. The course consists of ten parts, each covering a different policy issue. Each of the parts will consist of a first session providing a targeted overview of the recent literature, highlighting issues of interest, and of a concise presentation by students in the second session of a case study related to the part's topic, individually or (preferably) in small groups, followed by a class-wide discussion. The sessions cover the challenges for policy makers of aid, private capital flows, debt management, and the rise of global value chains, topics in public finance including natural resources management and fuel subsidy reform, emerging monetary policy issues and external sector assessments in developing countries and emerging markets. Case studies will be drawn from recent country experiences. The grading will combine the case study presentation (45%), a final exam (45%) and participation in the class discussions (10%). The final exam format will be to write two short essays out of a choice of 8 questions on policy topics related to any of the sessions themes.