macroeconomics · Cohort
IS-LM in the Open Economy
Connect closed-economy intuition to capital flows and policy mix stories with disciplined diagrams.
- Duration
- 4 weeks
- Model focus
- IS-LM open
- Cohort
- Evening
- Fee (informational)
- ZAR 680
We rebuild IS-LM with open-economy extensions slowly, emphasising when diagrams help and when they mislead. You will practise translating shocks into short narratives suitable for clients.
What is included
- Diagram discipline checklist
- Shock library with common mistakes
- Client-safe narrative drills
- Office hours with macro lecturer
- Short problem sets with solutions
- Optional extensions reading
- Peer critique of two diagrams
Outcomes
- Produce a labelled diagram with assumptions stated
- Contrast two policy mixes using the same framework
- Flag when a diagram should not be shown
Nomsa Khumalo
Lead contact
Macroeconomics lecturer with classroom-tested diagram pedagogy.
Questions
Calculus?
Not required; algebraic steps are shown with verbal anchors.
Exam?
No high-stakes exam — competency shown through submitted diagrams and narratives.
Limitation?
Not a finance markets course — derivatives and pricing are out of scope.
Cohort notes
“IS-LM in the Open Economy forced me to write assumptions first — the shock library is underrated.”
“Diagram discipline checklist is now a team ritual.”
Money-Back Policy applies where stated at enrolment.