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     Credit exemptions  Finances
    ECON A835F
    International Finance and Monetary System
    ECON A835F
    International Finance and Monetary System

    Course Coordinator: Dr Eddie Cheung, BCom (Sydney); MSc (LSE); PhD (ANU)

    Important notes

    This course will be taught via face-to-face mode commencing in January 2020. Lectures will be scheduled on weekday evenings. This is a core course for the Master of Social Sciences in International Economics and Development.

    This course aims to provide students with an analysis of the theories on different phenomena in the international financial markets, and develop their ability to apply these theories to explain real-world cases. The course will also discuss different monetary policy regimes, including currency boards, inflation targeting and the inherent trade-offs between them, focusing especially on the importance of credibility and expectations. Optimal monetary policy design and the monetary transmission mechanism will also be covered.

    The course covers the following topics:

    • National income accounting and the balance of payments

    • Exchange rates and the foreign exchange market: an asset approach

    • Money, interest rates, and exchange rates

    • Prices, output and exchange rates

    • Fixed exchange rates and foreign exchange intervention

    • Financial globalization: opportunity and crisis

    • Optimum currency areas

    • Selected topics in international monetary economics

    Contact hours
    Normally three hours per week.

    There will be one assignment, one midterm test and one term paper which are worth 15%, 15% and 10% of the course score respectively, while the final examination will account for the remaining 60% of the total course score. Students are required to submit assignments via the Online Learning Environment (OLE).

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