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Course Syllabus

Bachelor 2020/2021

International Finance

Type: Elective course (Economics)
Area of studies: Economics
Delivered by: School of Finance
Where: Faculty of Economic Sciences
When: 4 year, 3 module
Mode of studies: distance learning
Instructors: Victoria V. Dobrynskaya, Irina Yuryevna Verem
Language: English
ECTS credits: 3
Contact hours: 30

Course Syllabus

Full SyllabusAsk Question

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. Ccылка на онлайн-курс:https://www.mruniversity.com/courses/international-finance
Learning Objectives

Learning Objectives

  • To familiarize students with the foreign exchange market, the dynamics of exchange rates and factors affecting exchange rates
Expected Learning Outcomes

Expected Learning Outcomes

  • Learn the most popular currency investment strategies
  • Learn currency risk management techniques
Course Contents

Course Contents

  • Online part. 1. Introduction to international trade and finance
    This online course is provided by readers of George Mason University, USA: https://www.mruniversity.com/courses/international-finance
  • Online part. 2. Exchange rates
    This online course is provided by readers of George Mason University, USA: https://www.mruniversity.com/courses/international-finance
  • Online part. 3. Currency issues
    This online course is provided by readers of George Mason University, USA: https://www.mruniversity.com/courses/international-finance
  • Online part. 4. The Euro crisis
    This online course is provided by readers of George Mason University, USA: https://www.mruniversity.com/courses/international-finance
  • Online part. 5. International trade overview
    This online course is provided by readers of George Mason University, USA: https://www.mruniversity.com/courses/international-finance
  • Online part. 6. Crises and responses to them
    This online course is provided by readers of George Mason University, USA: https://www.mruniversity.com/courses/international-finance
  • Main part. 1. The foreign exchange market: An overview
  • Main part. 2. An asset approach to exchange rate determination
  • Main part. 3. Money, interest rates and exchange rates
  • Main part. 4. Currency investment strategies
  • Main part. 5. Inflation and exchange rates in the long run
  • Main part. 6. Financial globalization and international asset pricing
Assessment Elements

Assessment Elements

  • non-blocking 4 in-class quizzes
    If a student misses a quiz due to an illness, the final grade is determined as follows: Final grade = Cumulative grade/(1-ωi/2), where ωi is the weight of quiz i.
  • non-blocking Class participation
  • non-blocking Group project
  • non-blocking Mid-term test
  • non-blocking Final test
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.2 * 4 in-class quizzes + 0.05 * Class participation + 0.5 * Final test + 0.15 * Group project + 0.1 * Mid-term test
Bibliography

Bibliography

Recommended Core Bibliography

  • Betz, F. (2016). Stability in International Finance : Applications of Price Disequilibrium Theory. Cham: Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1163244
  • International economics : theory & policy, Krugman, P. R., 2012
  • Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2015). International Finance: Theory and Policy, Global Edition (Vol. Tenth edition, Global edition). Harlow, Essex: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419051
  • Major, A. (2014). Architects of Austerity : International Finance and the Politics of Growth. Stanford, California: Stanford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=713319

Recommended Additional Bibliography

  • Giancarlo Gandolfo. (2016). International Finance and Open-Economy Macroeconomics. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.662.49862.0
  • Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2017). International Finance: Theory and Policy, Global Edition (Vol. Eleventh edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649947