Solution Manual for International Macroeconomics, 4th Edition

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12 The Global MacroeconomyNotes to theChapter SummaryThis chapter provides students with a broad overview of international macroeconomics.The chapter uses several key concepts to introduce the subject to students without formalmodeling. At the end of each topic, there are two sections that review the content of thesection (Key Topics) and prepare students for what’s coming next (Summary and Plan ofStudy).CommentsInstructors may want to cover this chapter in several lectures or in one short lecture. Butremember, this chapter is an overview. Don’t fall into the trap of trying to cover too muchdetail. There are 10 more chapters to take care of that! However, covering this chapter indetail at the beginning may serve to motivate students’ interest in the topic. If studentsread through the chapter without a guided lecture, they may become overwhelmed.Chapter 12 tackles complicated concepts to give students an idea of the topics that will becovered through the rest of the textbook.Plan of StudyEach of the topics in this chapter concludes with a plan of study that discusses howselected chapters in the text relate to the three broad elements presented in the

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