Stud.IP Uni Oldenburg
University of Oldenburg
06.07.2022 06:25:39
wir823 - International Finance and Exchange Rate Economics (Complete module description)
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Module label International Finance and Exchange Rate Economics
Module code wir823
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Business Administration and Business Education)
Applicability of the module
  • kein Abschluss European Studies in Global Perspectives > Society, Economy and Politics
  • Master Applied Economics and Data Science (Master) > Economics
  • Master's Programme Business Administration, Economics and Law (Master) > Basismodule
  • Master's Programme Business Administration, Economics and Law (Master) > Schwerpunktmodule AFT - VWL
  • Master's Programme Business Administration, Economics and Law (Master) > Schwerpunkt "Transnational Economics and Law" (TEL) (MPO2020)
  • Master's Programme Business Administration, Economics and Law (Master) > Schwerpunkt "Volkswirtschaftslehre" (VWL) (MPO2020)
Responsible persons
Trautwein, Hans-Michael (Module responsibility)
Trautwein, Hans-Michael (Authorized examiners)
Trautwein, Hans-Michael (Module counselling)
Skills to be acquired in this module
  • Understanding of exchange rates as strategic prices in open economies.
  • Understanding of the interdependence of balance-of-payments constraints and exchange rates.
  • Capability to discuss different models of exchange rate determination.
  • Ability to research data and evaluate the literature on specific aspects of financial market globalization and strategies of exchange-rate policy.
  • Understanding of the history of fixed-exchange-rate systems.
  • Ability to relate the importance of historical experience in international monetary and financial economics.
Module contents
The lectures address the following issues:
  • exchange rates and the balance of payments,
  • open-economy macroeconomics,
  • exchange rate determination,
  • international financial markets,
  • fixed-exchange-rate systems,
  • currency crises,
  • optimum currency areas and monetary integration,
  • choice of exchange rate regime,
  • financial market regulation.

In the seminar students will present papers on general and topical issues (theoretical models, policy strategies, case studies) in the fields of financial market globalization and exchange-rate policy.
Reader's advisory
Selected chapters from:
Copeland, L. (2008): Exchange Rates and International Finance (5th ed.). Harlow: Pearson.
Eichengreen, B. (2008): Globalizing Capital: A History of the International Monetary System (2nd ed.). Princeton: Princeton University Press.
Gandolfo, G. (2016): International Finance and Open-Economy Macroeconomics (2nd ed.). Berlin: Springer.

And other specific readings for the seminar papers.
Language of instruction English
Duration (semesters) 1 Semester
Module frequency jährlich
Module capacity unlimited
Reference text
  • Mitarbeit in Vorlesung und Seminar ist Pflicht für den Erwerb eines Leistungsnachweises.
  • Das Seminar wird in der Form eines Blockseminars abgehalten.
  • Es gibt eine Vorbesprechung Anfang des Semesters, in der die Themen vergeben werden.
Modullevel / module level
Modulart / typ of module je nach Studiengang Pflicht oder Wahlpflicht
Lehr-/Lernform / Teaching/Learning method
Vorkenntnisse / Previous knowledge
Course type Comment SWS Frequency Workload of compulsory attendance
2 28
2 28
Total time of attendance for the module 56 h
Examination Time of examination Type of examination
Final exam of module
Während der Vorlesungszeit
Referat oder mündliche Prüfung