International Economics I

• Credit value: 15 credits at Level 7
• Tutor: Professor Yunus Aksoy
• Assessment: an in-class assessment (10%) and final examination (90%)

In this module we provide a comprehensive treatment of the modern macroeconomic analysis of open economies, introducing analysis of the balance of payments and exchange rate determination, and policy problems in the design of monetary policy and choice of exchange rate regime.

By the end of this module, you will:

• be familiar with key issues in international macroeconomics, the history of international financial arrangements and exchange rate regimes
• understand essential elements of the inter-temporal approach to the balance of payments, and its empirical strengths and weaknesses
• understand current issues concerning the determination of exchange rates and their volatility, international monetary integration and sovereign debt.