Summer 2023 - ECON 345 D100
International Finance (3)
Class Number: 2745
Delivery Method: In Person
Overview
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Course Times + Location:
May 8 – Aug 4, 2023: Mon, 2:30–4:20 p.m.
Burnaby -
Exam Times + Location:
Aug 15, 2023
Tue, 3:30–6:30 p.m.
Burnaby
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Instructor:
Dave Cox
dcox@sfu.ca
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Prerequisites:
ECON 103 with a minimum grade of C- or ECON 113 with a minimum grade of A-; ECON 105 with a minimum grade of C- or ECON 115 with a minimum grade of A-; 60 units or permission of the department.
Description
CALENDAR DESCRIPTION:
Foreign exchange markets; determination of spot and forward exchange rates; Euro currency markets; balance of payments statistics; international adjustment theory; income price and exchange rate effects; the role of international short term capital flows; the international monetary system: gold standard, freely floating rates, dollar gold exchange standard, centrally created reserves. Students with credit for ECON 445 may not take this course for further credit. Quantitative.
COURSE DETAILS:
This course develops basic models of exchange rates and international capital flows. Topics include: Purchasing Power Parity, Uncovered Interest Rate Parity, Exchange Rate Overshooting, International Policy Coordination, Currency Crises, and Monetary Unions. In addition, there will be some discussion of the history of the international system, and a discussion of the “Euro Crisis.”
Grading
- Tutorial Work 15%
- Midterm Exam 35%
- Final Exam 50%
Materials
REQUIRED READING:
Paul Krugman, M. Obstfeld, and M Melitz, International Finance, 11th edition. Pearson. e-text. MyEconLab is NOT required.
REQUIRED READING NOTES:
Your personalized Course Material list, including digital and physical textbooks, are available through the SFU Bookstore website by simply entering your Computing ID at: shop.sfu.ca/course-materials/my-personalized-course-materials.
Department Undergraduate Notes:
Please note that, as per Policy T20.01, the course requirements (and grading scheme) outlined here are subject to change up until the end of the first week of classes.
Final exam schedules will be released during the second month of classes. If your course has a final exam, please ensure that you are available during the entire final exam period until you receive confirmation of your exam dates.
Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or caladmin@sfu.ca.***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***
Registrar Notes:
ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS
SFU’s Academic Integrity website http://www.sfu.ca/students/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating. Check out the site for more information and videos that help explain the issues in plain English.
Each student is responsible for his or her conduct as it affects the university community. Academic dishonesty, in whatever form, is ultimately destructive of the values of the university. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the university. http://www.sfu.ca/policies/gazette/student/s10-01.html
RELIGIOUS ACCOMMODATION
Students with a faith background who may need accommodations during the semester are encouraged to assess their needs as soon as possible and review the Multifaith religious accommodations website. The page outlines ways they begin working toward an accommodation and ensure solutions can be reached in a timely fashion.