School of Economics and Administrative Sciences \ Economics
Course Credit
ECTS Credit
Course Type
Instructional Language
Programs that can take the course
This course is the second part of the International Economics courses and covers topics in international finance.
Textbook and / or References
Paul .R. Krugman, Maurice Obstfeld, Marc Melitz, International Economics: Theory and Policy,12th.ed, Pearson, 2022
The course intends to introduce fundamental models for understanding monetary relations and financial interdependencies between countries while examining key issues within the framework of open economy macroeconomics and the macroeconomic dimensions of international economic relations. It also aims to cover topics such as exchange rate systems, capital flows, and international financial crises, equipping students with an analytical perspective on the functioning of global financial markets.
1. Provides students with the ability to evaluate open economy macroeconomic issues such as the balance of payments, current account deficits, exchange rate determination, different exchange rate regimes, the relationship between money, interest rates, and exchange rates, international capital movements, and international financial crises within the framework of economic theories.
2. Equips students with the ability to analyze international financial issues.
3. Enables students to follow current developments in international finance and develop solutions.
Week 1: Introduction & Review
Week 2: National Income Accounting and the Balance of Payments
Week 3: Exchange Rates and the Foreign Exchange Market: An Asset Approach
Week 4: Money, Interest Rates, and Exchange Rates
Week 5: Price Levels and the Exchange Rate in the Long Run
Week 6: Output and the Exchange Rate in the Short Run
Week 7: Review & Midterm
Week 8: Fixed Exchange Rates and Foreign Exchange Intervention
Week 9: International Monetary Systems: A Historical Overview
Week 10: Financial Globalization: Opportunity and Crisis
Week 11: Optimum Currency Areas and the Euro
Week 12: Developing Countries: Growth, Crisis, and Reform
Tentative Assesment Methods
• Midterm 30 %
• Final 40 %
• Assignments 30 %
|
Program Outcome
*
|
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|
Course Outcome
|
|---|
| 1 |
|
|
|
|
|
|
|
|
|
|
| 2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
|
|
|
|
|
|
|
|
|
|