Stud.IP Uni Oldenburg
University of Oldenburg
29.02.2024 00:02:03
wir823 - International Finance and Exchange Rate Economics (Complete module description)
Original version English PDF download
Module label International Finance and Exchange Rate Economics
Module abbreviation 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: Management and Law (Master) > Basismodule
  • Master's programme Business Administration: Management and Law (Master) > Schwerpunktmodule AFT - VWL
Responsible persons
  • Trautwein, Hans-Michael (module responsibility)
  • Trautwein, Hans-Michael (authorised to take exams)
  • Trautwein, Hans-Michael (Module counselling)
Prerequisites
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.
Recommended reading
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.
Links
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.
Type of course Comment SWS Frequency Workload of compulsory attendance
Lecture 2 28
Seminar 2 28
Total module attendance time 56 h
Examination Examination times Type of examination
Final exam of module
Während der Vorlesungszeit
Referat oder mündliche Prüfung