Unit information: International Economics and Finance in 2019/20

Unit name	International Economics and Finance
Unit code	EFIMM0098
Credit points	15
Level of study	M/7
Teaching block(s)	Teaching Block 2 (weeks 13 - 24)
Unit director	Professor. Abraham
Open unit status	Not open
Pre-requisites	ECONM1011 Macroeconomics; ECONM1022 Econometrics
Co-requisites	Nil
School/department	School of Economics
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

The international financial market has become very important for any organization and companies with ambition to be competitive in the global market. The aim of this course is to provide to students the essential knowledge of the international financial markets and covers topics including balance of payments, exchange rates, public finance across countries, and sovereign debt crises. This unit aims to provide students with both theoretical foundations of the topics as well as applications to current events related to currencies, financial situations of countries, and trade deals.

Intended Learning Outcomes

By the end of the course, students will be able to:

1. Demonstrate knowledge and understanding of how the international financial system works, including detailed institutional and technical detail where such minutiae are important for understanding the system.
2. Analyse and evaluate theories of international finance, discussing their strengths and weaknesses and in which situations they can be relied upon to provide useful understanding of how the international financial system works.
3. Synthesise economic theory and applied econometric analysis to draw consequences for both government policy makers / regulators and for financial firms.

Teaching Information

There will be 8 2-hour lectures, 4 1-hour small-group classes, and 4 1-hour exercise lectures.

Assessment Information

Summative assessment: 2-hour written exam (100%). The examination will test the ability of students to analyse a range of issues on international economics and finance set out in ILOs 1-3.

Formative assessment: one formative assessment on theoretical foundation overarching ILOs 1-3.

Reading and References

Paul R. Krugman, Maurice Obstfeld, and Marc Melitz, International Finance: Theory and Policy, Pearson, 10^th edition, 2014.

Selected related papers from Journal of Economic Perspectives and other relevant academic journals.