| Course Code |
Course Title |
Weekly Hours* |
ECTS |
Weekly Class Schedule |
| T |
P |
| ECON404 |
International Monetary System |
3 |
0 |
6 |
|
| Prerequisite |
ECON112 |
It is a prerequisite to |
|
| Lecturer |
Azra Bičo |
Office Hours / Room / Phone |
|
| E-mail |
abico@ius.edu.ba |
| Assistant |
|
Assistant E-mail |
ssarajcic@ius.edu.ba |
| Course Objectives |
ECON404 is upper level course in international monetary system. This course develops students' theoretical and practical knowledge about International Monetary Regimes and applies it in attempt to gain an understanding of recent evevents in the international system and analyze the international and the domestic political contexts of International Monetary Regimes political.
|
| Textbook |
Krugman, R. Paul; Maurice Obstfeld and Marc J. Melitz. 2018. International Economics: Theory and Policy. Harlow: Pearson, Eleventh Edition, Pascal Salin, (2016). The International Monetary System and the Theory of Monetary Systems
|
| Additional Literature |
- Krugman, R. Paul; Maurice Obstfeld and Marc J. Melitz. 2018. International Economics: Theory and Policy. Harlow: Pearson, Eleventh Edition, Pascal Salin, (2016). The International Monetary System and the Theory of Monetary Systems
|
| Learning Outcomes |
After successful completion of the course, the student will be able to: |
- Understand history of monetary systems and of the current state of International Monetary System
- Understand its institutions as well as practical knowledge regarding the methodologies and techniques for the determination of the Exchange Rates
- Understand differences between the different International Monetary Regimes and to describe their main principles and political institution.
- Understand the impact of Monetary Regimes on the international political relation.
- Analyze the influence that monetary issues exert on financial crises.
- Identify the sources of different global economic crisis.
|
| Teaching Methods |
The methods include lecturing, class discussions and presentation. |
| Teaching Method Delivery |
Face-to-face |
Teaching Method Delivery Notes |
|
| WEEK |
TOPIC |
REFERENCE |
| Week 1 |
Money and interest rates |
Ch 15 Krugman, R. Paul; CH 5 Pascal |
| Week 2 |
Exchange rates in international monetary systems |
Ch 15 Krugman, R. Paul; CH 6 Pascal |
| Week 3 |
International monetary systems |
Ch 19 Krugman, R. Paul; CH 11 Pascal |
| Week 4 |
Fixed exchange rates and foreign exchange intervention |
Ch 18 Krugman, R. Paul; CH 14 Pascal |
| Week 5 |
Quiz Exam, |
All covered until week 4 |
| Week 6 |
The process of monetary transmission |
Ch 14 Pascal |
| Week 7 |
MIDTERM EXAM |
|
| Week 8 |
International Monetary Equilibrium |
Ch 16 Pascal |
| Week 9 |
Monetary policy and monetary crisis |
Ch 22 Pascal |
| Week 10 |
Optimum currency areas |
Ch 21 Krugman, R. Paul; Ch 23 Pascal |
| Week 11 |
European Monetary Union |
Ch 21 Krugman, R. Paul; |
| Week 12 |
International monetary institutions |
Lecture presentation |
| Week 13 |
Group project presentation |
|
| Week 14 |
Group project presentation |
|
| Week 15 |
Review for Final exam |
|
