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Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Prerequisites:
It is desirable that the student has preliminary knowledge of microeconomics and macroeconomics. However, the prerequisites for these disciplines are not required.
Objectives
Contents The course will analyze the main contractual forms used in the international financial field. In particular, the main characteristics of these contracts will be highlighted, with particular reference to their risk and return. Starting from the individual choices relating to these financial assets, the characteristics of the main markets where they are traded are analyzed.
Extended Syllabus 1. Introduction
PART I - Exchange rates and macroeconomics in an open economy
2. National accounting and balance of payments
3. Exchange rates and currency markets: a portfolio approach
4. Money, interest rates and exchange rates
5. Price level and long-term exchange rate
6. Production and exchange rate in the short term
7. Fixed exchange rates and interventions in the foreign exchange market
PART II - International macroeconomic policies
8. The international monetary system: a historical overview
9. Financial globalization: opportunities and crises
10. The optimal currency areas and the European experience
11. Developing countries: growth, crisis and reform
Recommended Bibliography Krugman, Obstfeld e Melitz (2015) International Economics 2, Pearson
Additional material will be made available at the following URL:
http://erre.unich.it/giulioni
Teaching Methods Lectures, Seminars and study groups
Evaluation methods Verification of learning:
Students' preparation will be verified by written exam consisting of open questions with predefined response space and multiple choice questions. The final mark will be expressed in thirtieths. The duration of the written test is 1 hour. The topics under examination will reflect those dealt with during the course and present in the program.
Contacts/More Information