International Finance

Course Topics

  1. International Monetary Arrangements
  2. The Market For Foreign Exchange
  3. Open Economy Macroeconomics
  4. Policy Analysis Under Fixed Exchange Rates
  5. Policy Analysis Under Floating Exchange Rates
  6. Goods Prices and Exchange Rates
  7. The Forward Market
  8. Interest Rates, Yield Spreads and Derivative Securities
  9. International Capital Markets
  10. Traditional Theories of Exchange Rate Determination
  11. The Monetary Approach To Exchange Rate Determination
  12. Forecasting Exchange Rates

Miscellaneous Information

Course Objectives

This course will provide an introduction to the functioning of international money markets, the behavior of exchange rates and their derivatives and the basic models used by economists to explain the behavior of exchange rates and their derivatives. We will use real world empirical evidence to motivate the current state of knowledge.

Academic Integrity

The UTA Student Handbook contains the following statement on academic dishonesty:

It is the philosophy of The University of Texas at Arlington that academic dishonesty is a completely unacceptable mode of conduct and will not be tolerated in any form. All persons involved in academic dishonesty will be disciplined in accordance with University regulations and procedures.

"Scholastic dishonesty includes but is not limited to cheating, plagiarism, collusions, the submission for credit of any work or materials that are attributable in whole or in part to another person, taking an examination for another person, any act designed to give unfair advantage to a student or the attempt to commit such acts." (Regents' Rules and Regulations, Part One, Chapter VI, Section 3, Subsection 3.2 Subdivision 3.22)

University procedures concerning academic dishonest will be enforced. To discourage dishonesty during exams the following measures will be taken in this class:

1.Restroom use during exams is not permitted.

2.Silence during exams is required.

3.No caps are to be worn during exams.

4.Caps, backpacks, notebooks, etc. are to be put in a designated area in the classroom during exams.

5.Some answer sheets will be photocopied before being returned.

Students With Disabilities

If you require an accommodation based on disability, I would like to meet with you in the privacy of my office the first week of the semester to be sure you are appropriately accommodated.

Grade Grievances

You have one calendar year from the date the grade is assigned to initiate any grievance. The normal academic channels are 1) the course instructor, 2) department chair, 3)academic dean, and 4) the Provost.