Type A
|
Code |
Competences Specific | | A1 |
Explain how the economy works on both the macroeconomic and microeconomic.
|
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 |
| A1 |
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 |
UNIT 1. Introduction |
1.1. Introduction
1.2. The exchange rate
1.3. The eruo
1.4. The foreign exchange market |
UNIT 2. The exchange rate, the exchange rate market and the money market |
2.1. Assets’ demand in the foreign exchange market
2.2. Equilibrium in the foreign exchange market
2.3. The money market
2.4. Money supply and the short-run exchange rate
|
UNIT 3. Macroeconomic policies and the exchange rate
|
3.1. Equilibrium in the assets market
3.2. Equilibrium in the goods market
3.3. Short-run equilibrium in an open economy
3.4. Monetary and fiscal policies
3.5. The J curve
3.6. Long-run equilibrium in an open economy |
UNIT 4. Choosing an exchange rate system
|
4.1. Fixed exchange rate
4.2. Stabilisation policies with a fixed exchange rate
4.3. Approaches and criteria for choosing an exchange rate systemt
4.4. Fixed or flexible exchange rates?
4.5. Exchange rate crises |
Methodologies :: Tests |
|
Competences |
(*) Class hours
|
Hours outside the classroom
|
(**) Total hours |
Introductory activities |
|
1 |
2 |
3 |
Lecture |
|
30 |
40 |
70 |
Problem solving, exercises in the classroom |
|
10 |
22 |
32 |
Presentations / oral communications |
|
6 |
10 |
16 |
Personal attention |
|
1 |
4 |
5 |
|
Extended-answer tests |
|
4 |
20 |
24 |
|
(*) 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. |
Presentations / oral communications |
The students will present, in class, a research project. |
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 |
|
|
|
|
Problem solving, exercises in the classroom |
|
The students will work on solving exercises and cases in class. There will be debates on current topics too. |
10% |
Presentations / oral communications |
|
The students will present, in class, a research project. |
20% |
Extended-answer tests |
|
The students will take an exam throughout the course (20% of the overall grade). They will also take a final exam (50%) on a pre-announced date.
For the second call, the grade will consist of an exam (100%). |
20%
50 % |
Others |
|
|
|
|
Other comments and second exam session |
|
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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