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International Money and Finance

Опубликовано на портале: 02-10-2003
Факультет: Economic Department
Язык: Английский
Тематические разделы: Экономика, Макроэкономика, Международная экономика, Международная экономика: Международная макроэкономика и международные финансы

Aннотация:
Курс "Международные деньги и финансы" читается на 1 курсе магистратуры Университета Стратклайда. Основным учебником курса является P. Hallwood and R. MacDonald (2000), International Money and Finance, 3rd edition
Требования курса: "Graduate macro", "Эконометрика", "Высшая математика" на уровне бакалавриата. Курс гармонично сочетает теоретический материал с эмпирическими исследованиями и имеет исследовательскую направленность.



International Money and Finance

This is a second semester optional module in the MSc programme.

 

1. Module Organisation

This module will be taught using 12 two-hour lectures / seminar discussions.

 

II. Teaching Staff

Module Co-ordinator and Lecturer

  • Ronald MacDonald: Curran 4.51, 0141-548-3861, r.r.macdonald@strath.ac.uk

 

III. Intended Learning Outcomes

(a) Knowledge and Understanding

The overall objective of this course is to provide students with a good grounding in the current state of the art in International Finance.

  • To understand the historical development of the international monetary system and how it can be reformed.
  • An understanding of different measures of equilibrium exchange rates, including a discussion of the recent voluminous literature on PPP.
  • An understanding of a range of exchange rate models, from the asset market model through to the redux model of Obstfeld and Rogoff. This would include both a theoretical and empirical appraisal of the models.
  • To understand the target zone model of the determination of the exchange rate and the opeartion of the model in an historical context.
  • To understand the first and second generation speculative attack models and the literature on contagion.

(b) Practical Professional Skills

This course is designed to provide students with an up-to-date overview of the state-of-the-art in International Finance. The skills obtained form this course will be important for students continuing with a PhD in this area and also for this planning a professional career in the financial sector.

(c) Achieving the Intended Outcome

Two complementary, conventional means of delivery are used

First, the lectures and semiars will cover the basic framework for each of the topics. The lectures will cover both theoretical and empirical aspects of the topics.

Second, independent reading for this module will further reinforce and expand your knowledge of the topics.

 

IV. Curriculum and Learning Methods

Lecture topics and reading

Topics covered: remise of the international monetary system; purchasing power parity; asset market exchange rate models and the redux model of Obsfeld and Rogoff; target zones; speculative attack models and contagion; developing countries and international finance; reform of the international monetary system

 

The recommended text for this course is:

P Hallwood and R MacDonald (2000), International Money and Finance, 3rd edition,

 

V. Assessment

(a) General

The overall mark for this class is based on a single written examination.

(b) Examination

A three-hour written examination will be held in June. The exam will be essay based.

 

VI. Learning Outcomes: Attainment and Evaluation

Learning outcome sought

Teaching/learning method

Evidence of outcome

Subject specific knowledge and skills

   

1. Review of the International Monetary System

L, DR, IR, CD

AE, E

2. Purchasing Power Parity

L, DR, IR, CD

AE, E

3. Equilibrium Exchange Rates

L, DR, IR, CD

AE, E

4. Asset Market Exchange Rate Models

L, DR, IR, CD

AE, E

5. The New Open Economy Macroeconomics

L, DR, IR, CD

AE, E

6. Target Zone Models

L, DR, IR, CD

AE, E

7. Speculative Attack Models

L, DR, IR, CD

AE, E

8. Contagion

L, DR, IR, CD

AE, E

9. Reform of the International Monetary System

L, DR, IR, CD

AE, E

Cognitive abilities and non subject-specific skills

   

1. Development of academic skills in reading and understanding academic research papers

L, DR, IR, AE, CD

AE, E

2. Development of skills in writing clearly and concisely.

L, DR, IR, AE

AE, E

L = lecture; DR = directed reading; IR = independent reading; CD = class discussion; E = examination; AE = assessed essay.

 


http://www.economics.strath.ac.uk/imf/mo...

Ключевые слова

См. также:
Francisko Nadal-De Simon, W.A Razzak
IMF Working Paper Series. 1999.  No. 99/141.
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