Faculty of Business and Management Sciences · Economics (English) · Undergraduate
Course Objective
This course covers a variety of topics in international finance and open-economy macroeconomics, including: the foreign exchange market, exchange rate determination, Purchasing Power Parity, output and exchange rate determination under fixed and flexible exchange rates, speculative attacks and the causes and consequences of international financial crises. The course will also discuss various recent policy debates. We will discuss the role of global imbalances in the recent financial crisis, and several recent proposals to reform the international financial system.
Course Content
The course is divided into two main parts. The first half focuses on theory and the second half focuses on policy. The hope is that the theory you learn in the first half will help provide better answers to the policy questions discussed in the second half. Required Work: Constructive participation, on time and consistent attendance, completion of all assigned reading, and active participation during the class, quizzes, weekly homework assignments, a midterm exam, and a final exam.
Course Learning Outcomes
- Foreign payments learn the methods of balancing the balance sheet
- Learn and discuss the effects of foreign direct investment and technology transfer on countries
- Analyzes the exchange rate theories and the functioning of foreign balances
- Learns and analyzes foreign exchange markets
- Provides information on emerging economies' outward open industrialization strategies
- Comparing the policies that provide the general balances of the closed and open economies
- Evaluates international factor movements, causes and effects on country economies
- Analyze the effect of international trade on economic development