INTERNATIONAL MONETARY ECONOMICS

ECO3IME

Not currently offered

Credit points: 15

Subject outline

This subject approaches the theoretical and policy issues of international monetary relations at the intermediate level. After introducing the structure and functions of the foreign exchange market, the subject deals with issues such as the balance of payments adjustment mechanism, the process of exchange rate determination, the operation of the international monetary system and international economic integration.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJoanna Poyago-Theotoky

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO1RIG or ECO2PEC or ECO1IMA

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsInternational Economics: Theory and PolicyPrescribedPaul R. Krugman & Maurice ObstfeldPEARSON PUBLISHING

Graduate capabilities & intended learning outcomes

01. Critically evaluate the underlying assumptions of the theoretical models and discuss the implications.

Activities:
Tutorial Assessments Mid-semester Test Final Examination
Related graduate capabilities and elements:
Writing (Writing)

02. Examine and describe the responses and behaviour of key macroeconomic variables to different types of shocks by conducting comparative statics analysis using graphical and mathematical techniques.

Activities:
Tutorial Assessments Mid-semester Test Final Examination
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)

03. Identify and apply appropriate models/ concepts to analyse issues, assess policy choices and solve computational problems in international macroeconomics using mathematical and graphical techniques.

Activities:
Tutorial Assessments Mid-semester Test Final Examination
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)
Information Literacy (Information Literacy)

04. Write concise explanations of the basic concepts and predictions that arise from theoretical models in international monetary economics and discuss the implications.

Activities:
Tutorial Assessments Mid-semester Test Final Examination
Related graduate capabilities and elements:
Writing (Writing)

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