Introduction to International Finance 2105-EPE-L-D3IINF
1. The Global Macroeconomy
2. Introduction to Exchange Rates and the Foreign Exchange Market
3. Exchange Rates I: The Monetary Approach in the Long Run part 1
4. Exchange Rates I: The Monetary Approach in the Long Run part 2
5. Exchange Rates II: The Asset Approach in the Short Run a
6. National and International Accounts: Income, Wealth, and the Balance of Payments
7. Balance of Payments I: The Gains from Financial Globalization a
8. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run a
9. Fixed Versus Floating: International Monetary Experience part 1
10. Fixed Versus Floating: International Monetary Experience part 2
11. Exchange Rate Crises: How Pegs Work and How They Break
12. The Euro
13. Topics in International Macroeconomics
14. Final Exam
Mode
Remote learning
Requirements
Course coordinators
Learning outcomes
EXPERTISE:
Upon the course completion students:
- know basic about currency, money and their role in the international economy.
- know theory of exchanges rates and their impact on the transaction in assets as well as on demand for goods.
- know the trade-offs governments face as they choose between fixed and floating exchange rates.
- are able to analyze the issue of common currency and understand what is the exchange rate crises.
SKILLS:
Upon the seminar completion students:
- are able to identify, interpret and explain economic phenomena using knowledge from the theory of open market macroeconomics.
- are able to critically evaluate the achievements of theory and empirical research in the field of international money markets.
- combine and use multiple sources of information to deepen the knowledge about international finances.
SOCIAL SKILLS:
Upon the seminar completion students are able to:
- propose solutions to macroeconomics model with respect to the regime of exchange rate imbalance.
- understand the consequence of the change on international financial market on consumption, economy and society.
- develop strategies for effective time, task management and work planning.
Assessment criteria
Grades will be based upon a final exam (70 points) and a tutorial (30 points). The final exam will consist of analytical and numerical problems as well as tests questions. Students will choose 4 out of 5 questions. During the tutorial students will have the opportunity to earn 30% of their grade.
The pass grade is at or above 50% and students must pass the tutorial to be allowed to attend the final exam.
Practical placement
None.
Bibliography
REQUIRED:
Robert Feenstra; Alan Taylor. (2017) International Macroeconomics
topic 1: Part 1: ch. 1;
topic 2: Part 2: ch. 2;
topic 3: Part 2: ch. 3;
topic 4: Part 2: ch. 3;
topic 5: Part 2: ch. 4;
topic 6: Part 3: ch. 5;
topic 7: Part 3: ch. 6;
topic 8: Part 3: ch. 7;
topic 9: Part 4: ch. 8;
topic 10: Part 4: ch. 8;
topic 11: Part 4: ch. 9;
topic 12: Part 4: ch. 10;
topic 12: ch. 11;
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: