Type A
|
Code |
Competences Specific | | A7 |
Understand basic micro- and macroeconomic principles and their influence on the financial sector.
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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 |
Understand the formation of exchange rates, the workings of the currency market, the influence of macroeconomic variables on the currency market and the different models for determining exchange rates.
Explain and analyze the effect of intervening in both fixed and flexible exchange rates in the currency market and the effect of intervening in optimal monetary areas.
|
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.
Take notes during a class.
|
Topic |
Sub-topic |
PART I: INTRODUCTION |
|
UNIT 1. A panoramic vision of international economics issues. |
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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
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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
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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. Tensions and crisis in the euro zone
|
Methodologies :: Tests |
|
Competences |
(*) Class hours
|
Hours outside the classroom
|
(**) Total hours |
Introductory activities |
|
1 |
0 |
1 |
Lecture |
|
39 |
48 |
87 |
Problem solving, exercises in the classroom |
|
11 |
20 |
31 |
Assignments |
|
4 |
14 |
18 |
Personal attention |
|
1 |
2 |
3 |
|
Extended-answer tests |
|
4 |
6 |
10 |
|
(*) 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, exercises in the classroom |
Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject. |
Assignments |
Assignments or projects on any of the course's topics |
Personal attention |
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 |
|
|
|
|
Assignments |
|
25% of the overall grade will be obtained from assignments, analysis of data of a particular country and class presentations. |
|
Extended-answer tests |
|
The students will take an exam throughout the course (25% each). They will also take a final exam (50%) on a pre-announced date. |
25%
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, 11th edition, 2018
Feenstra, R. and A. Taylor, International Macroeconomics, 5th edition, 2021
|
|
Complementary |
P. De Grauwe, Economics of EMU, , 2005
|
|
Subjects that it is recommended to have taken before |
|
(*)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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