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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

TB1 Economics and Finance



School/department School of Economics
Faculty Faculty of Social Sciences and Law


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 details

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 Details

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

Reading and References

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

Selected related papers from Journal of Economic Perspective