Unit information: International Finance and Economics in 2020/21

Unit name	International Finance and Economics
Unit code	EFIMM0103
Credit points	15
Level of study	M/7
Teaching block(s)	Teaching Block 2 (weeks 13 - 24)
Unit director	Dr. Ahmed Pirzada
Open unit status	Not open
Pre-requisites	TB1 Economics and Finance
Co-requisites	None
School/department	School of Economics
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

The aim of this course is to provide an overview on international financial market and equips students with relevant knowledge to be competitive in the global market. The topics covered includes balance of payments accounting, economics of exchange rate, public finance in practice, sovereign debts and crisis. It will cover both theoretical frameworks as well as relevant current events.

Intended Learning Outcomes

On completion of the unit students will be able to:

1. Describe how the international financial markets work, including foreign currency market and rate determination.
2. Analyse and evaluate theories of international economics and finance, discussing their strengths and weaknesses and in which situations they can be relied upon to provide useful understanding of how the international financial system works.
3. Apply economic theory to draw consequences for government policies in international economics and finance.

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

Essay 1 (30%), Essay 2 (70%)

Reading and References

Paul R. Krugman, Maurice Obstfeld, and Marc Melitz, International Finance: Theory and Policy, Pearson, 11^th edition, 2018

Selected related papers from Journal of Economic Perspective