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| Detailed information |
| Pre-requisites |
(*)KS Einführung in die Volkswirtschaftslehre KS Einführung in die Makroökonomie
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| Original study plan |
Bachelor's programme Economics and Business 2025W |
| Learning Outcomes |
Competences |
| Students know how to work with exchange rates and understand the key determining forces in international currency markets.
Additionally, students understand recent developments in international financial markets as well as the implications the policy options available to governments in the present era of economic globalization, particularly with respect to international currency systems (flexible vs. fixed exchange rates, currency unions).
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| Skills |
Knowledge |
| Graphical analysis of general equilibrium models.
Calculation of sport and forward exchange rates
Conversion of currencies.
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The lecture will cover a systematic representation of all foreign transactions (international trade, international capital turnover) in an economy in the balance of payments as well as relationships between these transactions, domestic investment, savings, and the domestic government budget deficit. The course will also cover incentives for foreign exchange transactions with a special emphasis on international capital flows, interest rates and currency risk, the impact of exchange rate movements on domestic goods market and domestic employment, balance of payments equilibrium under fixed exchange rates, monetary and fiscal policy towards internal and external equilibrium at fixed and flexible exchange rates, and key problems of alternative currency systems (special emphasis on the European Monetary Union)
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| Criteria for evaluation |
Final examination
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| Methods |
Lecture, exames
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| Language |
English |
| Study material |
- Feenstra, R. C., Taylor, A. M., International Economics, New York, Worth Publishers
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| Changing subject? |
No |
| Further information |
The course will be held in English.
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
572K2BVBPEK18: KS Balance of Payments and Exchange Rates (2018W-2020S)
572K2BVZUDK15: KS Balance of Payments and Exchange Rates (2015W-2018S)
2IFMZBDK: KS Balance of Payments and Exchange Rates (2001W-2015S)
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