21810073 - INTERNATIONAL FINANCE

The purpose of this course is to develop a good understanding of international financial markets. We will cover basic theories of the operations of modern monetary systems; interest rate behavior; financial intermediation and central banking; methods and objectives of monetary and regulatory policy. In particular, the following topics will be highlighted: (i) the determination of interest rates, (ii) the functions and operation of financial intermediaries, and (iii) the functions and goals of central banks.
teacher profile | teaching materials

Programme

Introduction to International Monetary System
Interest Rates, Financial Instruments and the Role of Risk
The market for Foreign Exchange
International Banking System and Financial Markets
International Finance and Monetary Policy

This course is taught in English.

Core Documentation

McGraw Hill Custom Book ISBN 9781308923505 based on
International Finance, 7th Global Edition by Eun, Resnick, 2014
Money, Banking, and Financial Markets, Fourth Edition by Cecchetti, Schoenholtz, 2015

Reference Bibliography

No additional readings provided.

Type of delivery of the course

Lectures, in class discussion and presentations.

Attendance

ATTENDANCE POLICY: Attendance is mandatory for all classes, including field studies. If a student misses more than three classes in this course, two percentage points will be deducted from the final grade for every additional absence. Any exams, tests,presentations, or other work missed due to student absences can only be rescheduled in cases of documented medical emergencies or family emergencies. The Faculty Committee will only consider extreme emergency cases and will strictly adhere to this policy.

Type of evaluation

REQUIRED WORK AND FORM OF ASSESSMENT*: Class participation (10%); midterm exam (30%); book review paper (30%); final exam (30%). Class participation: Students will have to participate actively in class discussions, demonstrating the ability to make connections with the readings assigned for each session. In Class Mid-term exam: Students will select from a list of essay prompts and write on the subject of their choice 2 short essays. Book review paper: Students will read a book chosen with the instructor in a list; they will have to make a presentation in class and answer questions from classmates and instructor; then they will have to write a paper about it (12-15 pages). In Class Final exam: Formatted as the Midterm, but will focus on the readings and topics analysed in the second half of the semester. Grading Rubric for student participation: A Excellent participation The student’s contributions reflect an active reading of the assigned bibliography. Skillfully synthesizes the main ideas of the readings and raises questions about the applications and implications of the material. Demonstrates, through questions and comments, that he or she has been capable of relating the main ideas in the readings to the other information discussed in the course, and with his or her own life experience. The student makes informed judgments about the readings and other ideas discussed in class, providing evidence and reasons. He/she respectfully states his/her reactions about other classmates’ opinions, and is capable of contributing to the inquiry spiral with other questions. The student gets fully involved in the completion of the class activities. B Very good participation The student’s contributions show that the assigned materials are usually read. Most of the time the main ideas are identified, even though sometimes it seems that applications and implications of the information read were not properly reflected upon. The student is able to construct over others’ contributions, but sometimes seems to interrupt the shared construction to go over tangents. He/she is respectful of others’ ideas. Regularly involved in the activities but occasionally loses concentration or energy. C Regular participation The participant evidences a regular reading of the bibliography, but in a superficial way. He/she tries to construct over others’ ideas, but commonly provides comments that indicate lack of preparation about the material. Frequently, contributions are shallow or unarticulated with the discussion in hand. F Insufficient participation Consistently, the participant reads in a shallow way or does not read at all. Does not participate in an informed way, and shows lack of interest in constructing over others’ ideas.