Surrey University Stag

INTERNATIONAL FINANCE - 2023/4

Module code: ECOM070

Module Overview

The course is mainly aimed at reviewing modern theories of international finance, with special reference to developing economies. This module starts with micro foundation of macroeconomics, that is, intertemporal optimization. Then it exposes students fundamental topics of international finances such as risk sharing, exchange rate, and currency crises. It also emphasizes the importance of empirical analysis with recent econometric methods.

Module provider

Economics

Module Leader

JOO Hyungseok (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

JACs code:

Module cap (Maximum number of students): N/A

Overall student workload

Workshop Hours: 11

Independent Learning Hours: 106

Lecture Hours: 11

Guided Learning: 22

Module Availability

Semester 2

Prerequisites / Co-requisites

None.

Module content

Indicative content includes:


  • Small Open Endowment Economy

  • International Risk Sharing

  • Real Exchange Rate and Purchasing Power Parity

  • International Capital Market Integration

  • Capital Controls

  • Currency and Debt Crises


Assessment pattern

Assessment type Unit of assessment Weighting
Online Scheduled Summative Class Test CLASS TEST 50
Examination Online FINAL EXAMINATION 50

Alternative Assessment

NA

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of the module's material, which includes the international risk sharing framework that integrates capital flows and the international financial system.

Thus, the summative assessment for this module consists of:


  • A class test

  • A final examination 



The analytic and essay/problem-solving questions that feature in the above assessments provide an effective way to examine students' understanding of underlying concepts and theories as well as technical aspects of the material covered in the module as outlined in the learning outcomes and module content.

Formative assessment and feedback

Students have feedback sessions. For these, students are being provided with a set of exercises relating to the lecture material which they solve independently or in teams. In the feedback sessions, they receive feedback on their answers and guidance on how these answers could be improved. In addition to this, students receive solutions online. Moreover, the marked coursework scripts provide students with individual feedback on their learning and identify potential weaknesses to enhance their performance. Finally, general feedback (verbal and online) is provided after the coursework.

Module aims

  • Make students aware of the modern theories of international finance.
  • Prepare students to be able to assess economic policies in the context financially open economies.

Learning outcomes

Attributes Developed
001 1 Apply the module aims to the real world in the context of the macroeconomy of open economies. CKPT
002 2 Provide students with the knowledge and skills that would can enable them to continue studying International Finance at PhD level. CKT
003 3 Understand the risk-sharing between countries and evaluate the empirical patterns of capital flows. CK
004 Understand the causes and consequences of currency/banking/debt crises. CK

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to allow students to come to grips with the essential risk-sharing property of the international credit market, and more importantly, to facilitate the application to economic crises and capital flow. Furthermore, this will ensure students to achieve the module's learning outcomes and develop competencies such as employment, global capacities, and resourcefulness and resilience.

The learning and teaching methods include:


  • Lectures, which are recorded and disseminated as captured content

  • Workshops

  • Guided learning 

  • Independent learning


Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: ECOM070

Other information

In line with the University's curriculum framework, the School of Economics is committed to developing graduates with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability and Resourcefulness and Resilience. This module is designed to allow students to develop knowledge, skills, and capabilities in the following areas:

Resourcefulness and resilience

Students in this module will develop their understanding and skills through continuous assessment and feedback in tutorials. Tutorial feedback sessions are designed to get you provide you with the opportunity to ask question and understand the topics better.

Global capabilities

Real life examples will be utilized in this module which will build students global capabilities to analyses international financial events.

Employability

This module will provide students with skills for placement and study abroad by developing independent judgement and analytic investigation. They also improve their ability to synthesize ideas through discussion of current events and solving given assignments.

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Economics MSc 2 Optional A weighted aggregate mark of 50% is required to pass the module
Economics (International Economics) MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module
Economics (Macroeconomics and Financial Markets) MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2023/4 academic year.