{"id":156,"date":"2018-09-25T04:15:37","date_gmt":"2018-09-25T04:15:37","guid":{"rendered":"http:\/\/mitmgmtfaculty.mit.edu\/kjforbes\/?page_id=156"},"modified":"2026-02-06T14:50:18","modified_gmt":"2026-02-06T14:50:18","slug":"teaching","status":"publish","type":"page","link":"https:\/\/mitmgmtfaculty.mit.edu\/kjforbes\/teaching\/","title":{"rendered":"Teaching"},"content":{"rendered":"

Current Teaching<\/h2>\n<\/div><\/div>

15.218: Global Economic Challenges and Opportunities (GECO)
\n<\/u><\/span><\/span><\/strong><\/h4>\n

Offered Spring Semester
\n<\/em><\/h4>\n

This course provides in-depth analyses of the major risks and opportunities in the global economy. It discusses the key economic forces and policy responses that will shape the business environment in the next decade and for which every organization should prepare. The course analyzes global economic issues to not only understand the current headlines, but to develop the tools to understand and assess different arguments and viewpoints. The objective is to provide students with the context and frameworks to be able perform their own critical analyses, so that they can plan for and respond to the inevitable surprises in the global economy that will affect them in their future careers.<\/p>\n

The course focuses on economic forces and events that affect and link multiple countries around the world<\/u>. The first section develops the basic models, tools and frameworks in the context of historic financial crises. This initial material provides the background to interpret and understand key macroeconomic terms and international financial statistics. These frameworks and models will provide the core for the analysis of global economic events throughout the semester. The second section of the course shifts to the policy options employed by different countries to address these challenges and risks, including more nuanced discussions of how governments, central banks, and other international institutions make decisions. These discussions will draw on Professor Forbes\u2019 experiences working in the White House, US Treasury and Bank of England. The final section of the course shifts to major long-term global economic challenges and opportunities facing countries around the world today, building on the frameworks developed earlier for analyzing countries\u2019 strengths, vulnerabilities, and policy options. These discussions provide insights on the role of various geopolitical, historical and social forces driving major economic policy decisions. Most of these current challenges have no straightforward solutions, so this section will involve more debate and discussion. This section ends by looking forward to what comes next in the global economy and how companies should be preparing.<\/p>\n

Syllabus: Global Economic Challenges and Opportunities (2026)<\/a><\/p>\n

Study Questions: Global Economic Challenges and Opportunities (2026)<\/a><\/p>\n<\/div><\/div>

E2.728: Monetary Policy, Currency Wars and the Repercussions for Emerging Markets<\/u><\/strong> <\/u><\/h4>\n

Offered Fall 2019, SIP
\n<\/em><\/h4>\n

Overview:\u00a0<\/strong><\/u>Central banks used to be \u201cboring\u201d institutions that quietly operated in the background. Today, announcements about monetary policy can cause sharp movements in financial markets and central bankers are accused of fighting \u201ccurrency wars\u201d. The US President even tweets responses to discussions at technical conferences on monetary policy.\u00a0 Bond yields in much of the world have also fallen below zero\u2014i.e., negative yielding debt\u2014such that banks and investors are being charged for their money and gold prices have spiked. At the same time, several countries that tried to raise interest rates to more normal levels have recently had to reverse course\u2014including the US\u2014with ramifications for economies around the world. This series of events is changing the landscape for companies, governments, investors, and consumers\u2014especially when combined with higher tariffs and concerns about trade wars. This class will explore the drivers of recent changes in monetary policy, how this is raising concerns about \u201ccurrency wars\u201d, and what the repercussions are for emerging markets. More specifically, it covers five topics: (1) how central banks conduct monetary policy (including how it has changed since the crisis); (2) how changes in interest rates in the US will affect countries around the world, especially emerging markets; (3) what is meant by \u201ccurrency wars\u201d and why they can raise concerns (both legitimate and unfounded);\u00a0 (4) why different countries may choose to engage in \u201ccurrency wars\u201d instead of other responses; (5) how these risks interact with other recent events in the global economy (such as trade wars) and what this implies for the future.E2.728: Monetary Policy, Currency Wars and the Repercussions for Emerging Markets.<\/p>\n

Syllabus: Monetary Policy, Currency Wars and the Repercussions for Emerging Markets (2019)<\/a><\/p>\n<\/div><\/div>

E2.728: Can the World Withstand a More \u201cNormal\u201d US Monetary Policy?<\/strong>
\n<\/u><\/span><\/span><\/h4>\n

Offered Fall 2018, SIP<\/em>
\nAfter years of very low interest rates and \u201cunconventional\u201d monetary policy, the US is leading the world in raising interest rates and returning to a more \u201cnormal\u201d monetary policy. This is increasing risks for emerging markets and companies around the world\u2014especially when combined with increased tariffs and concerns about trade wars, as well as higher oil prices. Is this just the beginning of more widespread stress in markets around the world? Should we expect more widespread financial contagion? More specifically, the class will cover five topics: (1) a quick review of how central banks conduct monetary policy (including how it has changed since the crisis); (2) how higher interest rates in the US will affect countries around the world, including how to evaluate which emerging markets are most vulnerable; (3) how to predict how different emerging markets will respond\u2014with implications for companies and investing around the world; (4) the risks of financial contagion from different countries and country responses; (5) how these risks interact with other recent events in the global economy (such as protectionism and oil prices).<\/p>\n

Syllabus: Can the World Withstand a More \u201cNormal\u201d US Monetary Policy? (2018)<\/span><\/span><\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

Current Teaching 15.218: Global Economic Challenges and Opportunities (GECO) Offered Spring Semester This course provides in-depth analyses of the major risks and opportunities in the global economy. It discusses the key economic forces and policy responses that will shape the business environment in the next decade and for which every organization should prepare. The course […]<\/p>\n","protected":false},"author":38,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-two-column.php","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-156","page","type-page","status-publish","hentry"],"yoast_head":"\nMIT Sloan Faculty: Kristin J. 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