EC368-7-AU-CO:
International Money and Finance
2020/21
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 08 October 2020
Friday 18 December 2020
20
23 January 2020
Requisites for this module
(none)
(none)
(none)
(none)
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MA L16112 International Economics
The course builds on the macroeconomics taught in the second year. It focuses on open economy macroeconomics, which is discussed at both an intuitive and a technically advanced level (for instance, by solving a system of difference equations).
First, foreign exchange markets and their links to prices and interest rates are shown to determine trade and asset flows. Second, various models of (interest and) exchange rate determination are used to explain short and long run effects on the aggregate economy. Third, the Dornbusch model, a model combining both short and long run effects, is studied in more detail.
The aim of the module is to familiarize the student with the tools of open economy macroeconomics and show how these tools can be applied in macro-policy issues.
Upon successful completion of the course students will have acquired an appreciation of the role of international currency markets in the determination of economic outcomes. Specifically, they will be familiar with a range of models through which they can interpret movements in the exchange rate and its relationship to other key macroeconomic variables.
Students will also be familiar with the effects of monetary and fiscal policy in an international setting. They will be able to critically assess the appropriateness of particular policies as a response to important events within the international monetary system. Students will also have had an opportunity to learn how to approach research articles.
No additional information available.
One 2-hour lecture and one class per week in one term
- Krugman, Paul R.; Obstfeld, Maurice; Melitz, Marc J. (2018) International economics: theory & policy, New York: Pearson.
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 |
Coursework weighting |
| Coursework |
EC368 Mid-Term Test |
|
|
| Exam |
Main exam: 180 minutes during Summer (Main Period)
|
Additional coursework 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.
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Andreas Mueller, email: andreas.mueller@essex.ac.uk.
Lectures & classes: Dr Andreas Mueller
For further information, send an email message to ueco@essex.ac.uk.
No
No
No
Mr Pedro David Matos Serodio
Available via Moodle
Of 174 hours, 0 (0%) hours available to students:
174 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Economics
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