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International Macroeconomics and Finance 7,5 Credits

The objective of the International Macroeconomics and Finance course is to develop a deeper understanding of how macro economy behaves when it is open to trade and capital flows with other countries. This is also concerned with exchange rate determination and monetary behavior under fixed exchange rates and policies involving exchange rates.

Course Contents

The objective of the course is to develop a deeper understanding of how a macro economy behaves when it is open to trade and capital flows with other countries. The course is also concerned with exchange rate determination and monetary behavior under fixed exchange rates and policies involving
exchange rates.

Important elements of the course are the following:
  • National income accounting and the balance of payments
  • Market mechanisms of the foreign currency market
  • Interest parity conditions
  • Purchasing power parity
  • Exchange rate determination
  • How a macro economy adjusts to various exogenous shocks under floating exchange rate and fixed exchange rate regimes
  • International monetary systems, 1870 to present
  • Macroeconomic policy and coordination under floating exchange rates
  • Optimum currency areas and European monetary agreements, including the EMU
  • Financial crises involving the exchange rate.

Prerequisites

30 credits in Business Administration or Economics including Microeconomic Principles and Mathematics for Economics, 7,5 credits.

Level of Education: Undergraduate G1F
Course code/Ladok code: ECJK13
The course is conducted at: Jönköping International Business SchoolLast modified 2014-10-15 13:26:20

Content updated 2020-08-25