Course Description

Course Name

International Financial Markets and Institutions

Session: VSOF3221

Hours & Credits

3 Credits

Prerequisites & Language Level

Introductory level of microeconomics AND macroeconomics.

Taught In English

  • There is no language prerequisite for courses at this language level.

Overview

Course Description
The objective of this course is two-fold: first, the course will provide basic economic tools to
understand international financial markets; second, we will analyze the current issues of international finance critically, using the economic models. To this end, the course will introduce the model of interest rate parity, simple Mundell-Fleming model, the concept of purchasing power parity, and the regimes of exchange rate. We use the theoretical frameworks to understand various topics in international economy, such as global imbalance, the effects of a rise in U.S. interest rate on the other economies, the fundamental background of public debt crises in EURO zone, and the currency crises.

Required Textbook
Krugman, Paul, Maurice Obstfeld, and Marc Melitz, International Economics: Theory & Policy,
Tenth Edition

Prerequisites
Introductory level of microeconomics AND macroeconomics.

*Course content subject to change