This course is no longer offered

10481 The Economy of Israel

Credits: 3 intermediate credits in Economics

Prerequisites: Introduction to Microeconomics; Introduction to Macroeconomics; Macroeconomics I; Macroeconomics II; Price Theory I; Price Theory II; Price Theory III; Econometrics

Objectives: To provide the student with knowledge about the development and characteristics of Israel’s economy from a historical perspective; To identify processes in the Israeli market using macroeconomic theory; To acquire basic tools through which to analyze the major developments in the Israeli economy.

Topics: Characterizing Israel’s economy; Methodology: Solow growth model; The growth of the Israeli economy and its historical sources; Inflation; Hyperinflation and stopping it; Demand for money in Israel and monetary policy; Labor market: Flexibility or inflexibility and the Phillips curve; Foreign trade; Exchange rates and interest rates; The money and capital market; The immigration from the CIS.