INTERNATIONAL MACROECONOMICS | Postgraduate Program in Financial Management Engineering

INTERNATIONAL MACROECONOMICS

Κωδικός Μαθήματος: 
I/III-3
Τύπος Μαθήματος: 
Υποχρεωτικό Μάθημα Κατεύθυνσης
Έτος Σπουδών: 
Α'
Εξάμηνο Σπουδών: 
Χειμερινό
Αριθμός Πιστωτικών Μονάδων (ECTS): 
6
Γλώσσα Διδασκαλίας: 
Greek
Περιγραφή: 

The course focuses on the relationship between interdependent economies (and macroeconomic policies) and globalized money and capital markets. The functioning of foreign exchange markets and the International Monetary System is presented. After explaining how developments in interest rates, prices and output affect exchange rates, fixed and floating exchange rate systems are analyzed and empirical techniques are presented.

Περιεχόμενο του μαθήματος (Syllabus): 
  1. Global Macroeconomy.
  2. Exchange rates: essentials.
  3. Exchange Rates I: the monetary approach in the long run.
  4. Exchange Rates II: the asset approach in the short run.
  5. National and International Accounts: Income, Wealth and the Balance of Payment.
  6. Balance of Payments I: the gains from financial globalization.
  7. Balance of payments II: output, exchange rates and macroeconomic policies in the short run. 
  8. Fixed versus Floating: international monetary experience.
  9. Exchange rate crises: how pegs work and how they break.
  10. The Euro.
  11. Topics in International Macroeconomics.
  12. Empirical research.
Συνιστώμενη Βιβλιογραφία προς μελέτη: 

Feenstra C. Robert, Taylor M. Alan (2012). International Economics, Epikentro Publications.
Antzoulatos A. (2011) Governments, Financial Markets and the Macroeconomy, Diplographia Publications.
Salvatore Dominick (2017). International Economics, Tziola Publications.
Krugman Paul, Obstfeld Maurice, Melitz Marc (2016). International Economics, Kritiki Publications.
Leventakis I. (2017). International Macroeconomics and Finance. Εκδόσεις UNIBOOKS Publications.

Διδακτικές και Μαθησιακές Μέθοδοι: 

Distance learning (AegeanMoodle)Use of ICT in teaching.Use of ICT in laboratory education.

Μέθοδοι αξιολόγησης / βαθμολόγησης: 

Asassignment and oral exams.

Αντικειμενικοί Στόχοι μαθήματος (επιδιωκόμενα μαθησιακά αποτελέσματα): 

A successful student should be able to:- understand how macroeconomic policies and the global money and capital markets work,- explain how the changes in interest rates, prices impact on exchange rates,- compare the systems of fixed and floating exchange rates, - deal with issues as pandemics, financial crises, natural disasters etc, and- be able to study the influence of several factors, such as governance quality, in exchange rate.

Περίγραμμα του Μαθήματος: 
PDF icon 3.INTERNATIONAL MACROECONOMICS.pdf