GRA 6666 International Macroeconomics and Finance
This course offers an introduction to advanced open-economy macroeconomic and international finance.
The main objective is to develop a coherent framework to analyse macroeconomic variables of interest for international business and finance. Students will acquire analytical skills and applied knowledge about important topics in international macroeconomics. Special attention is paid to current account determination, the real exchange rate, and international financial markets.
Macroeonomics is crucial for any business student. The course enables students to understand macroeconomics developments in an international setting. Students will be able to analyze and discuss global imbalances and current account sustainability, the global saving glut hypothesis, and the twin deficits hypothesis.
Students will get tools to analyze exchange rates. What are the risks involved in carry trade? How do we expect the real exchange to develop as countries get richer? What are the gains from international portfolio diversification? These are important questions for international business and finance.
Ability to critically evaluate popular theories and hypothesis about international macroeconomics and finance. The course enables students for further academic work. It gives an introdution to advanced international macroeconomics.
The course consists of three parts. The first part deals with current account determination. The second part introduces international finance and capital market integration, while the third part studies real exchange rates.
Both lectures and exercise seminars are provided.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Internal and external examiner
Examination when next scheduled course
|100||Yes||3 Hour(s)||Individual||Written examination under supervision|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||Written examination under supervision|
|Resit:||Examination when next scheduled course|
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.