Joseph Joyce
M. Margaret Ball Professor of International Relations & Professor of Economics
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Research deals with financial globalization; teaches courses in macroeconomics.
My research deals with issues in international macroeconomics. I am particularly interested in capital flows and their consequences for advanced and emerging market economies. This includes the linkages of the current and financial accounts, as well as the components of the current accounts of difference groups of countries. My book, International Investment Income, was published in 2025 by Cambridge University Press. In several journal articles I investigated the causes and consequences of bank crises in emerging market countries. I have also studied the policies and programs of the IMF. I have written several journal articles on the IMF and also a book, The IMF and Global Financial Crises, published in 2013 by Cambridge University Press.
I teach courses in the principles of macroeconomics theory (ECON 102), the economics of globalization (ECON 312) and international macroeconomics (ECON 313). In 2014, I was awarded the Pinanski Teaching Prize, which honors fine teaching. I also served as the first Faculty Director of the Madeleine Korbel Institute for Global Affairs.
Education
- B.S., Georgetown University
- M.A., Boston University
- Ph.D., Boston University
Current and upcoming courses
Principles of Macroeconomics
ECON102
This course follows ECON 101 in continuing to build fundamental tools for exploration of the field. The course analyzes the aggregate dimensions of a market-based economy. Topics include the measurement of national income, economic growth, unemployment, inflation, business cycles, the balance of payments, and exchange rates. The impact of government monetary and fiscal policies is considered. Students who have AP or IB credit in economics and who elect ECON 102 forfeit the AP or IB credit. ECON 102P is an alternative course open to students who have not fulfilled the Quantitative Reasoning (QR) component of the Quantitative Reasoning & Data Literacy requirement.
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The Economics of Globalization
ECON312
This course examines the reasons for the integration across borders of the markets in goods and the factors of production, and the consequences of these trends. In the first part of the course we discuss the history of globalization. We then investigate the rationale and record of international trade, the immigration of labor, and global financial flows. We examine issues related to international public goods, and the need for collective solutions to such global problems as pandemics and pollution. We also investigate the records of international governmental organizations.