Бакалавриат
2024/2025
Международные финансы
Статус:
Курс по выбору (Совместная программа по экономике НИУ ВШЭ и РЭШ)
Направление:
38.03.01. Экономика
Кто читает:
Школа финансов
Где читается:
Факультет экономических наук
Когда читается:
3-й курс, 3 модуль
Формат изучения:
с онлайн-курсом
Онлайн-часы:
16
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
3
Course Syllabus
Abstract
This course follows the course Financial Economics and provides a deeper understanding of international financial markets and exchange rate determination. We will discuss who are the main players in the foreign exchange market, what are the major instruments, and what is the structure of these markets. We will study the major models of exchange rate determination and look into the main determinants of foreign exchange fluctuations. We will study currency investment strategies, such as the carry trade, currency momentum and value strategies. We will discuss empirical evidence of profitability and risks of these strategies. We will also talk about the main mechanisms of currency hedging.
Learning Objectives
- The aim of the course is to familiarize students with the foreign exchange market, the dynamics of exchange rates and factors affecting exchange rates. Students will learn the most popular currency investment strategies and currency risk management techniques.
Expected Learning Outcomes
- Students will know the basic terminology, concepts and history of the foreign exchange market.
- Students will know theories and factors of exchange rate determination, various currency investment strategies and international asset pricing models.
Assessment Elements
- Mid-term testMid-term multiple-choice test covers the material of the online part.
- Group projectStudents are expected to conduct a mini-research and prepare a presentation in class.
- Quizzes
- Class participation
- Final test
Interim Assessment
- 2024/2025 3rd module0.5 * Class participation + 0.05 * Final test + 0.15 * Group project + 0.1 * Mid-term test + 0.2 * Quizzes
Bibliography
Recommended Core Bibliography
- Currencies and crises, Krugman, P. R., 1998
- International economics : theory & policy, Krugman, P. R., 2012
- International financial management, Madura, J., 2020
- International macroeconomics and finance : theory and econometric methods, Mark, N. C., 2005
- Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946
Recommended Additional Bibliography
- International economics : theory & policy, Krugman, P. R., Obstfeld, M., 2009