International Finance

International Finance

Year: 2018-2019
Course code: ECON4017
Course credits: 15
Taught: Semester 2
Course co-ordinator: Lovleen Kushwah
Entry requirements: Normally admission to an honours programme in Economics.
Available to visiting students:Yes
Contact for more information: Gillian Weir

Course description

Students are provided with an introduction to international finance in this course. We begin with an examination of the Balance of Payments. Next, open economy macro models are discussed in addition to models of exchange rate determination. We also examine whether exchange rate models are consistent with actual exchange rate data. Finally, we consider the relative efficacy of fixed versus flexible exchange rate regimes. Students should take this course because it gives them a good understanding of key issues in open economy macroeconomics and provides them with the necessary tools to discuss related policy issues.

Learning and teaching methods

20 hours of lectures (10 x 2 hours), Thursday, 10:00-12:00.

Course texts

  • Hallwood, P. and MacDonald, R. (2000). International Money and Finance, Oxford: Blackwell.
  • Mark, N. (2001).  International Macroeconomics and Finance, Oxford: Blackwell.
  • Pilbeam, K. (2006). International Finance, New York: Palgrave.


An essay of 2,000 words (30%)
A 2-hour degree exam (April/May) (70%)