School of Economics and Finance

ECN209 - International Finance

Credits: 15
Semester: B

Prerequisite: ECN111 and ECN206

Topics include balance of payments; definitions; international consumption smoothing; nominal and real exchange rates; interest rate parity; elasticity approach to the trade balance; macroeconomic policy in an open economy; exchange rate determination under flexible and sticky prices and under exogenous and endogenous expectations; exchange rate regimes and speculative attacks; optimal currency areas.

Level: 5