ECON 4016 - International Finance IV (H)
North Terrace Campus - Semester 2 - 2015
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General Course Information
Course Details
Course Code ECON 4016 Course International Finance IV (H) Coordinating Unit Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Available for Study Abroad and Exchange N Prerequisites ECON 2506, ECON 2507 or ECON 3510 Restrictions Available only to students enrolled in the Bachelor of Economics (Honours) program Assessment Typically, mid-semester exam, final exam, project & presentation Course Staff
Course Coordinator: Associate Professor Shandre Thangavelu
Institute for International Trade, Level 6,
10 Pulteney Street
Tel: 83136900
Email: shandre.thangavelu@adelaide.edu.auCourse Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
1. Students will develop strong analytical and modeling skills to explore the key theories in international finance.
2. Students will be able to undertake policy discussions and research on key global issues on international finance.
3. Students will be able to read and understand journal articles and relate it to real issues.
4. Students will be able to understand the key issues related to global financial system.
5. Students will be able to undertake strong applied research in international finance.University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1,2,3,4,5 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 2,3,4,5 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1,2,3 Skills of a high order in interpersonal understanding, teamwork and communication. 2,3,4,5 A proficiency in the appropriate use of contemporary technologies. 1,2,3,4,5 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1,2,3,4,5 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 3,4,5 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 2,3,5 -
Learning Resources
Required Resources
Textbook: Krugman, Paul; Maurice Obstfeld; Marc Melitz. International Finance: Theory and Practice, 10th edition, Prentice-Hall
Key Readings will be distributed at the lectures.Recommended Resources
Further required readings will be distributed at the Lectures.Online Learning
This course makes use of MyUni and you are required to check the website regularly.
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Learning & Teaching Activities
Learning & Teaching Modes
The course includes assignments, tutorial discussions and presentations. The students are required to read journal articles and make presentation of the key methodology and results.
Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This translates to 12 hours per week for a semester course.
Students will be actively engaged to discuss key issues and analytical frameworks of key economic models in international finance. They are required to read key papers and journal articles and present at tutorials. Students are also required to solve models and relate the results to key issues.
Learning Activities Summary
Students will be introduced to key concepts and models of international finance. The students will also developed the necessary analytical skills for model applications and policy discussions.
Lecture 1: National Income and Balance of Payments: Money, Interest Rates, and Exchange Rates
Lecture 2: Savings and Investments in an Open Economy
Lecture 3: Inter-temporal trade and the Current Account
Lecture 4: Current Account and Real Exchange Rates - Application to Australia and Asian Countries
Lecture 5: Money and Exchange Rates: PPP and the Real Exchange Rate
Lectures 6 and 7: Mundell-Fleming Model and Exchange Rates
Lectures 7 and 8: Real Business Cycles: Two Country Open Economy
Lectures 9 and 10: Financial Crises and Currency Crises
Lectures 11 and 12: Developing Countries and International Policy Coordination -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assignments and presentations: 20% Participation: 10% Mid-term (or term paper): 30% Final Exam: 40% Assessment Detail
Students are required to read journal articles, discuss key issues on international finance and present the key results during tutorials.
Students need to demonstrate the ability to understand and articulate key economic issues related to international finance. Students are required to solve analytical and empirical models with reference to real issues.Submission
Submission of assignments as per instructions on MyUni.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
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