Department of Economics

Econ 4435 - International Finance

Course Objectives and Assessment

Objective 1: Learn the unique terminology of international finance.

Outcome:

  1. Students will demonstrate an understanding of the foreign exchange market and the international balance of payments.

Assessment:

  1. Exercises, tests, and exams in the format of graph questions, numerical calculations, and essay questions, requiring students to explain, apply, and extend the models learned in class.

Objective 2: Learn about the central issues in international macroeconomics.

Outcome:

  1. Students will be able to understand different theories of exchange rate determination, choice of exchange rate regime, and effectiveness of fiscal and monetary policies in an open economy.

Assessment:

  1. Exercises, tests, and exams in the format of graph questions, numerical calculations, and essay questions, requiring students to explain, apply, and extend the models learned in class.

Objective 3: Learn about international macroeconomic policy and strategy.

Outcome:

  1. Students will be able to discuss the implications of international macroeconomic policy coordination/conflict for government officials and business.
  2. Students will demonstrate knowledge on hedging and risk management strategy for country and business.

Assessment:

  1. Case study write-up is used to evaluate student's ability to apply theory to real world situations from the perspective of business and government officials.

Objective 4: Study recent international financial crises.

Outcome:

  1. Students will demonstrate knowledge of recent international financial crises, discuss the causes, evaluate the policy response, and extract lessons for the future.

Assessment:

  1. A group project on the international financial crisis of a country or group of countries, requiring students to demonstrate the ability to integrate all the learning objectives.

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