Aims/Description: In this module, you will acquire an understanding of the relationship between domestic and international economic activity in an open economy. You will learn to relate the various motives underlying international financial flows to their effects on real economic variables. The module will introduce mainstream theories of the determination of equilibrium exchange rates, both in the short run and the long run. You will also explore the causes of international financial crises and consider policy responses.
Restrictions on availability: Prerequisites: ECN6520 Macroeconomic Analysis and ECN6540 Econometric MethodsBasic familiarity with international trade concepts is also assumed, including comparative advantage, gains from trade, and the effects of trade on relative factor rewards.
Notes: This unit is available as part of the Research Training Programme
Information on the department responsible for this unit (Economics):
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Teaching methods and assessment displayed on this page are indicative for 2021-22. Students will be informed by the academic department of any changes made necessary by the ongoing pandemic.