International Money
6012B0320Y | |||||
6 (168 hours) | |||||
English | |||||
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College of Economics and Business | |||||
prof. dr. F.J.G.M. Klaassen | |||||
| Aanmelden | |||||
Leerdoelen
Student obtain theoretical and practical expertise with respect to:
- the effect of international capital streams and exchange rates on macro-economic variables and on international investments;
- the determinants of exchange rate fluctuations and their volatility;
- the tensions between domestic and international policy goals;
- the international consequences of economic policy decisions and economic crises, and the added value of international cooperation;
- understanding of policy decisions (like those of the ECB) and of the reporting of international developments in various media (The Economist, newspapers, Internet), as a result of which these can be critically examined;
- writing, presenting and discussing of an academic paper, which is characterised by compact writing, clear argumentative structure and good motivation.
Inhoud
In the field of international economics one typically distinguishes the real and monetary/financial sides. The current course focuses on the monetary relations; both in theory, practice and policy (the course International Trade and Investment discusses the real side). The following topics will be addressed. The balance of payments, foreign exchange market, and their interdependencies (exchange rate, spot and forward markets, international capital flows, macroeconomic policy in an open economy). The causes and consequences of exchange rate changes (theory and empirical validity), international sources of risk, and the optimal exchange rate system for a country. The international monetary system (history and current situation, IMF, emerging economies and currency crises, debt crisis, EMU and euro). Finally, students have to write and present a short essay and discuss another essay.
Aanmelden
Please go to https://www.sis.uva.nl
Werkvorm
Three hours lecture and five hours classes.
Onderwijstijden
Please go to http://rooster.uva.nl
Studiemateriaal
Pilbeam, K. (2013).International Finance, Palgrave MacMillan, Basingstoke (UK), custom edition for the UvA, 4th edition, ISBN 978-1-137-34657-5, (c. €50).
Toetsvorm
- student presentation of theory and problem solutions (about 10% of the final grade);
- writing, presenting and discussing an essay (in a group, 20% of the final grade);
- and a final exam (50% open questions, 50% multiple choice questions) of 2½ hours (about 70%);
- the rules applying to the resit of this year are the same as those for the first exam, so the grades of the non-exam assignments also count for this resit.
Toetsdata
Please go to http://rooster.uva.nl and http://www.student.uva.nl/feb-academicyear.
Opmerkingen
Well before the course starts, a course manual with detailed information will be available on Blackboard at https://blackboard.ic.uva.nl.