This course covers main concepts of macroeconomics and finance in the settings of an open economy. The goal of the discipline is to introduce students to relevant theoretical research in international finance and examples of its practical application. The course is aimed at contributing to students’ understanding of current issues and recent developments in the field of international finance with a focus on foreign exchange and international capital markets. Pre-requisitesINTRODUCTION TO ECONOMICS I / ВВЕДЕНИЕ В ЭКОНОМИКУ IINTRODUCTION TO ECONOMICS II / ВВЕДЕНИЕ В ЭКОНОМИКУ IIMATHEMATICS FOR ECONOMICS AND BUSINESS / МАТЕМАТИКА ДЛЯ ЭКОНОМИКИ И БИЗНЕСА
Learning Objectives
Provide students with an understanding of mechanics and operation of the foreign exchange markets;
Explain the impact of government and central bank policies in an open economy;
Demonstrate the evolution of international monetary system;
Introduce students to basic theories and instruments for understanding and managing risks of international companies and institutions.
Expected Learning Outcomes
To understand main principles of foreign exchange and international capital markets;
To be able to analyze the dynamics of an open economy, including exchange rate movements;
To identify the effect of different policies in an open economy;
To describe current issues in the field of international finance.
Course Contents
1. National Income Accounting
2. Balance of Payments
3. Foreign Exchange Market
4. Money, Interest Rates, and Exchange Rates
5. Exchange Rate in the Long Run
6. Exchange Rate in the Short Run
7. Fixed Exchange Rates
8. International Monetary System
9. An Introduction to International Capital Markets
Assessment Elements
Midterm
Final exam
The final exam is mandatory for all course participants.
Attendance
Assignment
The assignment is a homework, which consists of two questions to be answered in the form of essays (max 1 page each).
Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946
Melvin, M., & Norrbin, S. C. (2013). International Money and Finance (Vol. 8th ed). Amsterdam: Elsevier Ltd. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=480878
Recommended Additional Bibliography
Rogoff, K. S., Helpman, E., & Gopinath, G. (2014). Handbook of International Economics. Oxford, England: North Holland. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=576373
Преподаватель
Гусева Ольга Александровна
Course Syllabus
Abstract
Learning Objectives
Expected Learning Outcomes
Course Contents
Assessment Elements
Interim Assessment
Bibliography
Recommended Core Bibliography
Recommended Additional Bibliography
Authors