Seminars and Events
ECON3005 - International Monetary Economics
To provide final year students with the tools to extend the principles of macroeconomic theory and policy to an international context; to present and interpret evidence on capital flows, currency markets and the international transmission of inflation and business cycles; and to explain debates on current crisis and institutional reform.
By the end of the course, students should:
- be familiar with the most commonly used theoretical models of monetary and financial relations between national economies;
- be aware of the evidence concerning exchange-rate dynamics, purchasing power parity and international capital movements;
- understand debates over currency crises, exchange-rate regimes and institutional reform in their historical context, with particular reference to current controversies.
|Assessment:||The course comprises 20 hours of lectures and 4 compulsory tutorial classes with an exercise sheet for each. There will be a 2-hour unseen written examination in Term 3.|
||3rd year Economics (L100), Econ/Geog (LL17) and Phil/Econ (VL51) students.|
|Prerequisites:||Econ1001: Economics Micro/macro, ECON2004: Macroeconomic Theory and Policy (good knowledge of open-economy macroeconomics), and ECON2007: Quantitative Economics and Econometrics.|