EC245-5-AU-CO:
International Financial Institutions and Policy

The details
2020/21
Economics
Colchester Campus
Autumn
Undergraduate: Level 5
Current
Thursday 08 October 2020
Friday 18 December 2020
15
18 August 2020

 

Requisites for this module
EC111 or EC100
(none)
(none)
(none)

 

(none)

Key module for

BA 9O47 International Economics (Including Placement Year),
BA L115 International Economics,
BA L160 International Economics (Including Foundation Year),
BA L163 International Economics (Including Year Abroad),
BSC 5H18 International Economics (Including Placement Year),
BSC L116 International Economics,
BSC L161 International Economics (Including Foundation Year),
BSC L162 International Economics (Including Year Abroad),
MECNL132 International Economics,
MECNLC32 International Economics (Including Placement Year),
MECNLC33 International Economics (Including Year Abroad)

Module description

This module studies international financial institutions such as the IMF, the Federal Reserve, the European Central Bank and the European Stability Mechanism. The focus is on the reasons for their existence, their policies and the effects of their policies on the international monetary system.

The module focuses on the period since the Second World War, especially the period of instability following the collapse of the Bretton Woods System. The 1980s Latin American debt crisis, the 1997-8 East Asian Financial crisis, the 2007-9 subprime crisis and the recent problems of the eurozone are covered in detail. The role of institutions in shaping the policy response to these crises, and how crises have reshaped the institutions, are studied.

Module aims

This module develops an understanding of the role played by international institutions in shaping the international monetary system and policies to deal with financial and currency crisis at international level.

Module learning outcomes

Students who complete the course successfully will:

1. gain an understanding of the institutional framework within which international financial relations are organised.

2. acquire a grasp of the relationship between aspirations of national economic policy and the constraints of the international environment.

3. gain some insight into the roles of the developed and the developing countries in managing the financial institutions of the world economy.

4. improve their ability to gather information and enhance their essay-writing.

The module will encourage independent enquiry, communication skills and will contribute to professional working abillity. It will thus develop students' academic skills and enhance their employability.

Module information

Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed.

You should be sure that you use these methods to understand how to improve your own performance. For modules including a term paper, the term paper will be returned with individualised feedback that addresses what the marking criteria are and how you could improve your own work.

Learning and teaching methods

2 lecture hours per week in one term.

Bibliography

  • Eichengreen, Barry J. (c2008) Globalizing capital: a history of the international monetary system, Princeton, N.J.: Princeton University Press.
  • Krugman, Paul R.; Obstfeld, Maurice; Melitz, Marc J. (2015) International economics: theory and policy, Harlow: Pearson. vol. The Pearson series in economics

The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework   Autumn Term Assignment 1  23/11/2020  50% 
Coursework   Autumn Term Assignment 2  22/01/2021  50% 
Exam  180 minutes during Summer (Main Period) (Main) 

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
50% 50%
Module supervisor and teaching staff
Dr Miguel Gavilan Rubio, email: magavi@essex.ac.uk.
Miguel Gavilan Rubio
For further information, send an email message to ueco@essex.ac.uk.

 

Availability
Yes
Yes
No

External examiner

No external examiner information available for this module.
Resources
Available via Moodle
Of 155 hours, 0 (0%) hours available to students:
155 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

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