International Monetary Theory & Policy

The International Monetary Theory and Policy Field of Study requires 4.5 credits even if you pass the E201: Introduction to Economic Theory Equivalency Exam.

Review the Special Note below regarding the three Economics Fields of Study.

As a reminder, please note:

  • A course may be counted for credit in only one Field of Study.
  • In those cases where a course is listed in more than one Field of Study, the student may choose the Field of Study in which it is to be credited.
  • Courses, however, may be used to meet both Divisional Breadth Requirements and Field of Study requirements simultaneously.
Faculty Supervising this Field of Study: Professor Michael W. Klein

Core Requirements for the Field: EIB E201: Introduction to Economic Theory

EIB E212: Macroeconomics

EIB E213: Econometrics

EIB E233m: Finance, Growth and Business Cycles

Field Specific Required Core Course: EIB E230: International Finance
Elective Courses:

EIB E214: International Economic Policy Analysis

[EIB E250]: Macroeconomic Problems of Middle Income Countries: Focus on Latin America

Special Note regarding the three Economics Fields of Study

  • All three Economics fields of study, 1) International Trade and Commercial Policies, 2) International Monetary Theory and Policy, and 3) Development Economics) have a select group of Core required courses, which include E201, as well as a Field Specific Core required course, and one Elective course. Together, they constitute a minimum package of economics knowledge allowing Fletcher students to use economic tools to reason analytically in their chosen domain.
  • If you pass the E201: Introduction to Economics Equivalency Exam, while you do not need to enroll in E201, you are still obliged to complete the 4.5 credits required for all three Economics fields of study.
  • In the case of the International Trade and Commercial Policies field, as well as the Development Economics field, if you pass the E210m: Quantitative Methods module Equivalency Exam, or if you complete the E210m module (1/2 credit) course plus take another modular (1/2 credit) course from the field's list of Electives to match-up in order to make one-course credit, you may complete either of these fields of study with 4 credits.
  • Some students seek to offer both of their fields of study in Economics, which requires the following:

    - Completion of the course, E213: Econometrics, and

    - A minimum of seven Economic courses, which are more advanced than E201.

Note: Since some of the core required courses are the same among the different Economics Fields of Study,

students pursuing both their fields of study in Economics are required to take more elective courses in one or

both of their selected Economic fields of study.

Please note the Equivalency Exams are administered, without exception, twice during the academic year. Refer to the 2014-2015 Academic Calendar to note the specific dates for the Equivalency Exams at: More information about how to prepare for the Equivalency Exams is available at:


* This course is required for constitution of the field.
++ Any one of these courses may be used as the required course in the field.
+ Any one of these courses may be used as the second required course in the field.
[ ] Bracketed courses are those not offered 2014-2015.
Unless otherwise indicated, students need three course credits to complete a field of study. Modular courses count as one-half credit and if listed in a field, two must be taken to complete one course.

Professors with expertise in the field

Student Theses

The High Cost of Borrowing: An Analysis of the Determinants of High Interest Rates in Brazil (MALD 2010)

Mobile Banking: Can Financial Services be Extended to Africa's Unbanked? (MALD 2009)