SemesterSpring Semester, 2021
DepartmentMA Program of International Business, First Year MA Program of International Business, Second Year
Course NameInternational Finance
InstructorPARK MINWOO
Credit3.0
Course TypeSelectively
Prerequisite
Course Objective
Course Description
Course Schedule























































































































































週次



Week



課程主題



Topic



課程內容與指定閱讀



Content and Reading Assignment



教學活動與作業



Teaching Activities and Homework



學習投入時間



Student workload expectation



課堂講授



In-class Hours



課程前後



Outside-of-class Hours



1



(2/24)



Introduction to International Trade and Finance



World Trade Facts, Measurement of International Trade and Openness

(Ch. 1, 2)



Lecture



3



3



2



(3/3)



Overview of Theories, Definitions and Crucial Concepts, Balance of Payments Accounting

(Ch. 13)



Lecture



3



3



3



(3/10)



The Foreign Exchange Market



The foreign exchange market, Fixed vs. Flexible Exchange Rates

(Ch. 14)



Lecture



3



3



4



(3/17)



Forward Contracts, Futures Contracts, Options in Foreign Exchange Market

(Ch. 14)



Lecture



3



3



5



(3/24)



International Money and Capital Markets



Uncovered Investments, Covered Investments

(Ch. 14, Appendix)



Lecture



3



3



6



(3/31)



Efficiency and Tests of Inefficient Markets

(Ch. 14, Appendix)



Lecture



3



3



7



(4/7)



Exchange Rate Determination



Nominal Exchange Rate Determination, Producer vs. Consumer Pricing (Ch. 15)



Lecture



3



3



8



(4/14)



 



Real Exchange Rate Determination, Purchasing Power Parity

(Ch. 16)



Lecture



3



3



9



(4/21)



Midterm



 



Exam



3



3



10



(4/28)



Open Economy Macroeconomic Equilibrium



Macroeconomic equilibrium in an open economy (Ch. 17)



Lecture



3



3



11



(5/5)



Monetary and Fiscal Policy in an open economy (Ch. 17)



Lecture



3



3



12



(5/12)



Exchange Rate Regimes and Balance of Payments Crises



Fixed vs. Flexible Exchange Rate Regimes, Collapsing Exchange Rate Regimes (Ch. 18)



Lecture



3



3



13



(5/19)



Balance of Payments Crises, Single Currency Area

(Ch. 19, 20)



Lecture



3



3



14



(5/26)



Topics



Sovereign Defaults, International Reserves

(Handouts)



Lecture



3



3



15



(6/2)



Macroprudential Policies, Central Bank Liquidity Swaps

(Handouts)



Presentation



3



3



16



(6/9)



Student Presentation 1



Presentation



3



3



17



(6/16)



Student Presentation 2



Presentation



3



3



18



(6/23)



Final



FINAL



Exam



3



3




 



Class Attendance: Class attendance is strongly recommended. Students registered for the course who do not regularly come to class may receive a grade of ND. However, I do not take attendance in a regular basis and the grades are granted based on exams.



 



Policy on missed exam: The dates of the midterm and final exams are fixed. Students who experience a serious medical condition that requires immediate attention from a physician, or an emergency that prevents them from taking the exam may be excused. However, students must contact the instructor before the exam and must verify their condition by official documents. No exceptions will be made for job interviews, holiday travel, or other non-academic activities. When a student is properly excused from an exam, no make-up exam will be offered. Instead, his or her course grade will be adjusted based on other exams and homework.



 



Policy on Regrading: If, after reviewing the exam answers, a student feels that there is a grading mistake on his or her exam, that student can submit a re-grade request. The student must submit a written discussion within one week from the time at which the exams are handed back. When regrade request is accepted, the entire exam will be regraded, which could lower the score as well.



 



Academic Dishonesty: Cheating hurts our community by undermining academic integrity, creating mistrust, and fostering unfair competition. The university will punish cheaters with failure on an assignment, failure in a course, permanent transcript notation, and/or expulsion. Violations can include cheating on exams, plagiarism, reuse of assignments without permission, improper use of the Internet and electronic devices, unauthorized collaboration, alteration of graded assignments, forgery, falsification and lying.


Teaching Methods
Teaching Assistant

TBA


Requirement/Grading

Grade: Midterm (30%), Final (30%), Homework (20%), Presentation (20%).



 



Homework: There will be four homework assignments. Working in groups is strongly encouraged, but you must write your own solution for the submission. Late submissions will not be accepted after the deadline.



 



Presentation: Each student is required to present one journal paper that is related to international finance at the end of the semester.


Textbook & Reference

International Economics: Theory and Policy (10th edition) or International Finance: Theory and Policy (10th edition) by Paul Krugman, Maurice Obstfeld, and Marc Melitz.


Urls about Course
All course materials including homework will be posted on NCCU Moodle.
Attachment