Module Details

BE355-7-SP-CO: Exchange Rates And International Finance

Year: 2016/17
Department: Essex Business School
Essex credit: 20
ECTS credit: 10
Available to Study Abroad / Exchange Students: Yes
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: No

Staff
Supervisor: Prof Michael Lamla
Teaching Staff: Prof Michael Lamla & Dr Udichibarna Bose
Contact details: Email: mlamla@essex.ac.uk Email: ubose@essex.ac.uk

Module is taught during the following terms
Autumn Spring Summer

Module Description

The aim of this module is to provide students with an understanding of international arbitrage relationships, models of exchange rate determination, and recent issues and debates in the international finance literature. By the end of this module, you should be able to describe the basic international parity relationships, outline some of the basic models of exchange rate determination, and have a good grasp of current issues in international financial markets, and be able to critically evaluate the empirical literature on international finance puzzles.

Module aims

The aim of this module is to provide students with an understanding of the challenges and opportunities that global investments present for investors and portfolio managers.

Learning Outcomes

By the end of this module you should be able to

1. Describe the basic international arbitrage relationships and understand why deviations from these may occur.
2. Analyse some of the basic models of exchange rate determination.
3. Be able to discuss some of the recent issues in international finance
4. Evaluate critically the core empirical literature related to the fundamental debates on international finance puzzles.

Learning and Teaching Methods

Two-hour lectures per week for ten consecutive weeks. Where the course covers empirical debates, it is essential that you read key journal articles cited in lectures.

Assessment

30 per cent Coursework Mark, 70 per cent Exam Mark

Coursework

In-class test 30%

Exam Duration and Period

2:00 during Summer Examination period.

Other information

This module is core for:

MSc in International Finance

Postgraduate Administrator - Jade D'Mello
Email: ebspgtad@essex.ac.uk

Further information