Type A
|
Code |
Competences Specific | | A7 |
Students understand basic micro- and macroeconomic principles and their influence on the financial sector.
|
Type B
|
Code |
Competences Transversal | | B5 |
Teamwork, collaboration and sharing of responsibility |
Type C
|
Code |
Competences Nuclear | | C1 |
Have an intermediate mastery of a foreign language, preferably English |
Type A
|
Code |
Learning outcomes |
| A7 |
Coneix la formació del tipus de canvi; el funcionament del mercat de divises; la influència de diferents variables macroeconòmiques sobre aquest i els diferents models de determinació del tipus de canvi.
Sap explicar i analitzar l’efecte de la intervenció en el mercat de divises tant per a tipus de canvi fixos com flexibles i l’efecte de la intervenció en àrees monetàries òptimes.
|
Type B
|
Code |
Learning outcomes |
| B5 |
Identify the group’s objectives as their own.
Participate actively and share information, knowledge and experience.
Take an interest in the importance of the group’s activity.
Take active part in planning the work of the team, and in distributing the tasks and the deadlines.
|
Type C
|
Code |
Learning outcomes |
| C1 |
Explain and justify briefly their opinions and projects.
Understand instructions about classes or tasks assigned by the teaching staff.
Understand the general meaning of texts that have non-routine information in a familiar subject area.
Recollir en apunts part de la informació que s'imparteix en una classe
|
Topic |
Sub-topic |
PART I: INTRODUCTION |
|
UNIT 1. A panoramic vision of international economics issues. |
|
PART II: THE EXCHANGE RATE |
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UNIT 2. The exchange rate and the exchange rate market
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2.1. The exchange rate.
2.2. The euro.
2.3. The foreign exchange market
2.4. Assets’ demand in the foreign exchange market
2.5. Equilibrium in the foreign exchange market
2.6. Covered interest rate parity
|
UNIT 3. The exchange rate and the monetary market
|
3.1. Money supply
3.2. Aggregate demand for money
3.3. Equilibrium in the money market
3.4. Money supply and the short run exchange rate
3.5. Money, the price level and the long run exchange rate
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PART III: POLICIES, THE EMU AND INTERNATIONAL CRISES. |
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UNIT 4. Macroeconomic policies and the exchange rate
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4.1. Determinants of the aggregate demand
4.2. Aggregate supply in the short run
4.3. Equilibrium in the goods market
4.4. Equilibrium in the assets market
4.5. Short run equilibrium in an open economy
4.6. Monetary and fiscal policies
4.7. The J curve
|
UNIT 5. Choice of exchange rate regime
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5.1. Fixed exchange rates.
5.2. Exchange rate crises.
5.3. Multilateral systems of fixed exchange rates.
5.4. Fixed versus flexible exchange rates.
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UNIT 6. The European Monetary Union.
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6.1. The European monetary integration process.
6.2. Optimum currency areas and the European Monetary Union (EMU).
6.3. Balance of the first years of the EMU.
6.4. The EMU deficit and debt crisis.
|
Methodologies :: Tests |
|
Competences |
(*) Class hours
|
Hours outside the classroom
|
(**) Total hours |
Introductory activities |
|
2 |
0 |
2 |
Lecture |
|
36 |
44 |
80 |
Problem solving, classroom exercises |
|
16 |
18 |
34 |
Practicums/Case studies |
|
10 |
8 |
18 |
Personal tuition |
|
2 |
2 |
4 |
|
Extended-answer tests |
|
6 |
6 |
12 |
|
(*) On e-learning, hours of virtual attendance of the teacher. (**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. |
Methodologies
|
Description |
Introductory activities |
Activities designed to make contact with students, introduce the contents of the subject, the sources of information and the assessment of the course. |
Lecture |
Description of the contents of the subject, raising questions and proposing real life situations to be studied with the analysis presented. |
Problem solving, classroom exercises |
Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject. |
Practicums/Case studies |
The students will study the experience of some countries' balance of payments crises through specific bibliography. |
Personal tuition |
An opportunity for the students for further discussion and ressolution of doubts. |
Description |
The hours for personalized attention will be announced the first day of class. |
Methodologies |
Competences
|
Description |
Weight |
|
|
|
|
Practicums/Case studies |
|
The students will write an essay answering specific questions or dealing with specific topics on some particular case studies. |
20% |
Extended-answer tests |
|
The students will take two exams throughout the course (15% each). They will also take a final exam (50%) on a pre-announced date. |
30%
50% |
Others |
|
|
|
|
Other comments and second exam session |
There will be an exam (second call) with a weight of 100% of the final mark. |
Basic |
Krugman, P.; Obstfeld, M., Melitz, M., International Economics: theory and policy, 9th edition,
J. Tugores, Economia Internacional. Globalización e integración regional., 5th edition, 2002
Fernández Navarrete, D., Fundamentos Económicos de la Unión Europea., , 2007
|
|
Complementary |
P. De Grauwe, Economics of EMU, , 2005
|
|
Subjects that it is recommended to have taken before |
INTRODUCTION TO MACROECONOMICS/16204005 | MONETARY MACROECONOMICS/16204119 |
|
(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation. |
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