Core Course
EC341 – International Finance
Course Unit Code: EC341
Type Of Unit: Core
Level of Course Unit: First cycle
Year of Study: Third year
Semester: On demand
Number of ECTS Credits: 7.5
Class Contact Hours: 36
Mode of Delivery
Face to Face
Prerequisites
None
Course Objectives
The objective of this course is to provide the skills, knowledge and tools for understanding the foreign exchange market, identifying the opportunities in the global financial markets, and managing the associated risks.
Learning Outcomes
- Explain the organization and institutional details of foreign exchange and international money markets.
- Explain and apply theories of exchange rates and open economy macroeconomics.
- Explain the international monetary system and the balance of payments.
- Provide examples of modern central bank practice of monetary and exchange rate policy implementation.
- Apply relevant theories and models to the issue of optimal currency areas.
- Recognize parity conditions in international finance and how they can be used to forecast exchange rates.
Course Content
Course Features
Planned learning activities and teaching methods
Lectures; in-class discussion and debates; in-class exercises; problem sets; team work
Assessment methods and criteria
20% Class participation (including written class quizzes) and problem sets
30% Midterm
50% Final Exam
Language of Instruction
English
Readings
Textbooks:
1. Hallwood, P. and MacDonald, R. (2020). International Money and Finance, 3rd ed.
Optional textbook:
2. Melvin, M. and Norrbin, S. (2017). International Money and Finance, 9th ed.
3. Bekaert, G. and Hodrick, R. (2017). International financial management, 3rd ed.
English (UK) 
Ελληνικά