This module is designed to introduce to the main theoretical and empirical models of international financial relations. Exchange rates, capital flows, financial crises, current account and debt dynamics as well as uncertainty are the most widely debated economic topics in the media and on the political arena. This module provides the economic foundations for full understanding of these debates from a rigorous point of view. The module is evenly balanced between the theory and empirical evidence. That is, we focus not only on the analytical side of the stories but also on their empirical relevance.
For working in the areas of financial economics and development (whether in private or public institutions) the knowledge of the topics addressed in this module is of paramount importance.
Private Study: 120
Contact Hours: 30
Total: 150
Compulsory to the following courses:
MSc Financial Economics
Optional to the following courses:
MSc Economics
MSc Economics and Data Science
Essay, 2000 words (20%)
Examination (2 hours) (80%)*
Reassessment: 100% exam
*Exams will be online*
The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices.
The most up to date reading list for each module can be found on the university's reading list pages.
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes
On successfully completing the module students will be able to:
12.1 Comprehensively understand how the openness of economies affects their economic performance, accounting for complex institutional arrangements that exist in the contemporary world economy.
12.2 Critically assess determination of exchange rates and systematically study the sources of exchange rate fluctuations.
12.3 Deeply assess the causes and consequences of international capital movements as well as recent trends in 'globalisation' and acknowledge how these transform our understanding of such controversial phenomena as financial bubbles, speculative attacks, and currency crises.
12.4 Critically address the concept of intertemporal trade and risk diversification using the synthesis of existing advanced theories.
12.5 Demonstrate profound knowledge of the history of the international monetary system.
12.6 Comprehensively understand core agenda of institutions that oversee and regulate international capital flows and investment activity
The intended generic learning outcomes
On successfully completing the module students will be able to:
13.1 Write essays on advanced topics with high level of abstraction and develop convincing argumentation in seminar debates on controversial matters.
13.2 Solve complex analytical problems through the use of the different models studied within the curriculum
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