Syllabus
Covered topics include: National income accounting and balance of payments; Exchange rates and the foreign exchange market equilibrium; Exchange rates and money market; Exchange rates and price and output in the long run (24 hours). Fixed exchange rates; International monetary systems; Financial globalization; Macroeconomic policies for developing countries (24 hours). The costs and benefits of a monetary union. The functioning of a monetary union (24 hours).
Textbooks
- Krugman - Obstfled - Melitz "International Finance: Theory and Policy" - 12th Global Edition
- De Grauwe "Economics of Monetary Union" - 12th Edition
- Students must have a basic knowledge of microeconomics and mathematics, usually taught in undergraduate courses
- The course is organized into 3-frontal lectures per week. Frontal lessons serve to explain the most complex theoretical steps and to provide examples from reality that can help in understanding the economic events studied. During the course, sessions to verify the learning outcomes achieved may be taken
- The exam consists in a compulsory written test in which students are asked to answer three open questions. The written exam lasts 45 minutes and the text of the questions usually consists of the title of the paragraphs of the textbooks. During the course, some exam simulations may be held, which may also contribute to the final grade
- The final grade depends on the ability to answer the question comprehensively, and personal critical remarks will be particularly appreciated