Module Details

EC933-7-SP-CO: International Finance

Year: 2017/18
Department: Economics
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

Supervisor: Dr Stefan Niemann
Teaching Staff: Dr Stefan Niemann
Contact details: For further information, send a message to

Module is taught during the following terms
Autumn Spring Summer

Module Description

Topics covered include intertemporal current account and balance of payments; uncertainty and international financial markets; imperfections in financial markets, capital account liberalization, direction of capital flows, global imbalances and sovereign risk, global imbalances; speculative attacks and currency crisis; contagion; nominal rigidities; exchange rate regimes.

The aim of the course is to familiarise students with the analytical tools used in the field of international macroeconomics and finance and show how these tools can be applied in examining key policy issues.

Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.

Learning and Teaching Methods

2 lecture hours per week


50 per cent Coursework Mark, 50 per cent Exam Mark


Mid-term test

Exam Duration and Period

2:00 during Summer Examination period.

Other information

Compulsory for:
MSc in Financial and Business Economics, MSc in International Economics


  • Obstfeld, M. and Rogoff, K. (1996), Foundations of International Economics, MIT Press. (Main textbook)
  • Mark, N (2001): International Macroeconomics and Finance, Blackwell Publishers. (Background material)

Further information

External Examiner Information

  • Name: Dr Roberto Bonilla Trejos
    Institution: The University of Newcastle-upon-Tyne
    Academic Role: