ECON 342

Course Code & Number

ECON 342

Course Title

International Economics II

Level

BS

Credit Hours/ ECTS Credits

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Year of Study:

Junior

Semester:

Spring

Type of Course:

Elective

Mode of Delivery:

Face-to-face

Language of Instruction:

English

Pre-requisite / Co-requisite::

Catalog Description

Macroeconomic analysis of open economies. National income accounting and the balance of payments. International financial markets and instruments. Exchange rate determination theories and evidence. International capital flow systems. Financial crises and international macroeconomic interdependence. The international experience with currency and banking crises.

Course Objectives

The main objective of this course is to introduce students international finance markets and instruments. Students would understand exchange rate determination theories and international capital flow systems.

Course Learning Outcomes

Upon succesful completion of this course, a student will be able to
1. Formulate national income accounting and balance of payments for given countries and numbers. 
2. Discuss exchange rate determination in the long-run. 
3. Explain the interaction between money, interest rates and exchange rates in the market. 
4. Compare fixed exchange rate regime and floating exchange rate regime. 
5. Review international monetary system. 

Recommended Reading

1. Feenstra. R. and A. Taylor, International Economics. Worth Publishers, New York, 2007. 2. Appleyard. D. R., A. J. Field and S. L. Cobb, International Economics. 7th Edition, McGraw Hill, New York, 2010.