International Economics and Financial Markets
|International Business Administration
|Business and Management
|Type of degree
Winter Semester 2023
|Course unit title
|International Economics and Financial Markets
|Course unit code
|Language of instruction
|Type of course unit (compulsory, optional)
|Teaching hours per week
|Year of study
|Level of the course / module according to the curriculum
|Number of ECTS credits allocated
|Name of lecturer(s)
First, this lecture focuses on the common core of international economics: (1) The Foreign Exchange Market, (2) International Trade and (3) Pros and Cons of Globalization.
Second, we analyze how financial markets (such as those for bonds, stocks, and other assets) and financial institutions (banks, central banks) work.
And, as a final motivation, it is simply good to know what is going on in this world and it is, therefore, also fun to study this fascinating field of financial markets & international economics.
The students should be able to demonstrate how the analysis in the lecture can be used to explain many important real-world situations. Therefore, we use a set of special cases that introduce students to real-world problems that financial institutions have to solve.
Numerical examples guide students through solutions to financial problems using formulas, time lines, and calculator key strokes.
Students should be able to understand relevant news and articles and data that are reported daily in financial news.
Students should have a feel for what is important in the operation and structure of the central bank. They do know how changes in technology have affected financial markets and institutions.
Students understand conflicts of interest in different financial service industries and know dramatic historical episodes and will be able to apply the theory to the data. They also understand the pros and cons of globalization.
Students expand their knowledge of the financial markets and international economics.
Lecture and independent exercises
Case studies help to digest the material and illustrate whether you still have some gaps that you should close. The so-called "Education Notes" also provided in the lecture include questions that will be discussed within the course.
Comprehensive written examination
The books are:
Mishkin/Eakins (2015), Financial Markets and Institutions, Pearson (8th edition).
Krugman/Obstfeld (2009), International Economics. Theory and Policy (8th edition)
Mankiw/Ball Macroeconomics and the Financial System