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Instructors: Univ.-Prof. Dr. Philipp Harms
Event type:
online: Practice class
Displayed in timetable as:
Übung Exchange Rates
Hours per week:
1
Language of instruction:
Englisch
Min. | Max. participants:
- | -
Requirements / organisational issues:
Audience:
- Wirtschaftswissenschaften Bachelor/Beifach:
Spezialisierungsstudium, Schwerpunkt „International Economics“
- Erasmus-Studenten (B.Sc.)
Prerequisites:
Students should have attended classes in intermediate micro- and macroeconomics. Moreover, a fair command of the English language is required for attending this course.
Times and places:
Due to the Corona pandemic, this tutorial take place in online mode. Detailed instructions are given on the IntEcon website https://www.international.economics.uni-mainz.de/teaching/
Contents:
Course description and objectives:
After reviewing the building blocks of open economy macroeconomics (purchasing power parity, interest parity conditions etc.), the basic rules of balance-of-payments accounting, and the structure of the international financial system, the course introduces students to the canonical models of current account and exchange rate determination. Special emphasis will be put on the role of international capital mobility in expanding the set of investment possibilities and in limiting the scope of national economic policy. The tutorial will review the theoretical concepts presented in the lecture and encourage students to confront these concepts with real-world data.
Having attended this course, students
- will know the fundamental sources of exchange rate fluctuations as well as the key determinants of international investments;
- will be familiar with the analytical tools used to explain movements in exchange rates and international capital flows;
- will be able to assess the benefits and risks associated with international trade and investments;
Recommended reading list:
Literature (preliminary):
Harms, Philipp (2016): International Macroeconomics, 2nd edition, Mohr Siebeck.
Copeland, Laurence (2014): Exchange Rates and International Finance, 6th edition, Prentice Hall.
Krugman, Paul R., Maurice Obstfeld, and Marc J. Melitz (2014): International Economics – Theory and Policy, 10th edition, Pearson.
(Previous editions are also fine for our purposes.)
Obstfeld, Maurice and Kenneth Rogoff (1996): Foundations of International Macroeconomics, MIT Press.
Schmidt-Grohe, Stephanie, Michael Woodford, and Martin Uribe (2016): International Macroeconomics
Van Marrewijk, Charles (2012): International Economics – Theory, Application and Policy, 2nd edition Oxford University Press.
A detailed list of references will be distributed at the start of the course.
Additional information:
A reading list and all teaching materials will be available on the JGU-LMS platform (https://lms.uni-mainz.de). The password will be announced by e-mail.
Digital teaching:
Due to the Corona pandemic, this tutorial will take place in online mode. Detailed instructions are given on the IntEcon website (https://www.international.economics.uni-mainz.de/teaching/).
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