BE355-7-SP-CO: Exchange Rates And International Finance
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
Prof Michael Lamla
Prof Michael Lamla & Dr Udichibarna Bose
|Module is taught during the following terms
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.
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.
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.
30 per cent Coursework Mark, 70 per cent Exam Mark
In-class test 30%
Exam Duration and Period
2:00 during Summer Examination period.
This module is core for:
MSc in International Finance
Postgraduate Administrator - Jade D'Mello
External Examiner Information
- Name: Prof Robert Hutchinson
Institution: University of Ulster
Academic Role: Emeritus Professor