| Unit name | International Finance and Economics |
|---|---|
| Unit code | EFIMM0103 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Dr. Ahmed Pirzada |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
EFIMM0108 Economics |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
This course aims to deepen students' understanding of how international trade and capital flows link economies across the globe.
The course starts with reviewing how financial markets interact with the real economy.
It then moves on to discussing why countries trade and, importantly, why (net) international capital flows in a certain direction. While international linkages help improve economic efficiency, these also give rise to vulnerabilities which can expose countries to the possibility of sovereign debt and currency crises.
The course concludes by looking at some of these vulnerabilities, and policy measures which countries can take to minimise these. In doing so, the course will cover both relevant theoretical frameworks and important economic events in recent history
On completion of this unit students will be able to:
1. Understand the functioning of the financial system and how it affects a country's economy. We will also look at the 2008 global financial crisis in detail.
2. Appreciate that international trade and financial linkages both improve economic efficiency and also give rise to vulnerabilities which policymakers must account for.
3. Analyse and evaluate theories of international economics and 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.
4. Apply economic theory to draw consequences for government policies in international economics and finance.
Teaching will be delivered through a combination of large and small group classes, supported by online resources
Tasks which help you learn and prepare you for summative tasks (formative):
Weekly exercise questions which will be discussed during small group classes. These exercise questions will be a combination of key concepts and their application to understanding important economic events. Students are expected to do these exercises before attending their small group sessions.
Tasks which count towards your unit mark (summative):
Coursework 1, approx. 1500 words. Worth 30% of unit mark. Assesses ILO 1.
Coursework 2, approx 2500 words. Worth 50% of unit mark. Assesses ILOs 3 and 4.
2 x 'best out of 3' MCQ tests (each MCQ test will include 8-10 questions).
Worth 20% of unit mark. Assesses ILOs 1-4.
When assessment does not go to plan
Coursework, approx 3000 words. Assesses ILOs 1-4.
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0103).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
