ECN 312E - Uluslararasi Finans

Dersin Amaçları

Course objectives are as follows:

1 - To understand the factors determining the current account balance
2 - To introduce models of small open economies
3 - To understand exchange rate determination in an open economy

Dersin Tanımı

This is an introductory course in international finance. It provides an overview of open economy macroeconomics, and international financial markets and policies. The focus is on exchange rate determination, the importance of the balance of payments for both the domestic economy and the economies of other countries, international capital flows, the impact of internal debt on the balance of trade, and the interaction and potential conflicts between domestic and international economic policy objectives. The course starts with analyzing the relationship between the current account and intertemporal trade, continues with small open economies, and the nominal and real exchange rate and terms of trade. The second part of the course focuses on the history of the international monetary system, financial globalization, European monetary integration and current issues related to international finance and financial system.