International Trade & Finance ((3,4 Credits))

Catalog description

The purpose of the course is to provide students with the knowledge to understand and analyze international financial movements, incentives for foreign exchange of goods and services on the international level, and trade policies. Students will also learn about foreign exchange rates and international capital markets, the balance of payments accounts, and processes correcting surpluses and deficits. The course will also provide an overview of international institutions related to trade in the context of current issues. International Finance provides a deeper focus on the financial aspects of the international economic system, although there is sufficient overlap to merit a recommendation that students do not take both International Trade & Finance and International Finance. Money & Banking involves a more detailed examination of the role of the banking system and money creation in a modern economy. The technical details of the workings of capital markets and valuation would similarly be covered in courses on investment, security analysis and portfolio management. While the major exchange rate risks and exposures will be introduced, as well as the concept of hedging, the course will not cover the details of internal corporate management. Moreover this course does not cover in any great detail the field of development economics, which is also the subject of separate courses. This course is offered for our International Education program students. Prerequisites: Macroeconomics ( ECON 2015 ).