ECON404 International Monetary System

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Course Code Course Title Weekly Hours* ECTS Weekly Class Schedule
ECON404 International Monetary System 3 0 6 Mon 15:00-16:00; Wed 12:00-14:00
Prerequisite ECON112 It is a prerequisite to


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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. 2012. International Economics: Theory and Policy. Harlow: Pearson, Eight Edition,
Learning Outcomes After successful  completion of the course, the student will be able to:
  1. Understand history of monetary systems and of the current state of International Monetary System
  2. Understand its institutions as well as practical knowledge regarding the methodologies and techniques for the determination of the Exchange Rates
  3. Understand differences between the different International Monetary Regimes and to describe their main principles and political institution.
  4. Understand the impact of Monetary Regimes on the international political relation.
  5. Analyze the influence that monetary issues exert on financial crises.
  6. Identify the sources of different global economic crisis.
Teaching Methods The methods include lecturing, class discussions, homeworks and quizzes.
Week 1 History of the International Monetary System Ch 18 Krugman, R. Paul;
Week 2 Macroeconomic Policy and Coordination Under Floating Exchange Rates Ch 19 Krugman, R. Paul;
Week 3 Money, Interest Rates, and the Exchange Rate Ch 14 Krugman, R. Paul;
Week 4 Quiz exam, Elements of monetary system Ch 18 Krugman, R. Paul;
Week 5 The Bretton Wood System and the International Monetary Fund part IV, Krugman, R. Paul;
Week 6 The Theory optimum currency areas Ch 20 Krugman, R. Paul;
Week 8 European Monetary Union Ch 20 Krugman, R. Paul;
Week 9 The Global Capital Market: Performance and Policy Problems Ch 21 Krugman, R. Paul;
Week 10 Developing Countries:Growth,Crisis,and Reform Ch 22 Krugman, R. Paul;
Week 11 The Latin America crise and The Asian Financial Crisis Ch 22 Krugman, R. Paul;
Week 12 Individual Project - Presentation
Week 13 Class Discussion on selected topics
Week 14 Review for Final exam
Week 15 Review for Final exam
Assessment Methods and Criteria Evaluation Tool Quantity Weight Alignment with LOs
Final Exam 1 40
Semester Evaluation Compenents
Mid-term exam 1 25
Presentations 1 10
Homework 1 5
Class Participation 1 5
Quiz 1 15
***     ECTS Credit Calculation     ***
 Activity Hours Weeks Student Workload Hours Activity Hours Weeks Student Workload Hours
Lecture Hours 3 14 42 Mid-term Exam Study 10 1 10
Presentations 6 1 6 Final Exam Study 14 1 14
Class Participation 6 8 48 Quiz 6 1 6
Home Study 6 4 24 Home Study 6 4 24
        Total Workload Hours = 174
*T= Teaching, P= Practice ECTS Credit = 6
Course Academic Quality Assurance: Semester Student Survey Last Update Date: 06/11/2020
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