wir823 - International Finance and Exchange Rate Economics (Complete module description)

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) 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	SWS	Workload of compulsory attendance
Lecture	2	28
Seminar	2	28
Total module attendance time		56 h

Examination	Prüfungszeiten	Type of examination
Final exam of module	Während der Vorlesungszeit	Referat oder mündliche Prüfung