International economics and financial markets

The course is a 7,5-credit advanced course in Economics within the first-cycle level.

The course can be part of the following programmes: 1) Bachelor's Programme in Business and Economics (S1EKA)

Admission to the course requires a minimum of 30 credits in Economics with a passing grade, of which at least 5 credits must be from a course in Financial Economics, NEK106 or equivalent.

This course introduces various basic topics in international economics including balance of payments accounting, the structure and operations of the foreign exchange and forward currency markets, exchange-rate systems, the nature of international financial crises, simple models of exchange-rate determination as well as more advanced open economy macroeconomic modelling.

After completion of the course, the student shall be able to:

1. describe and explain the international payment and exchange-rate systems as well as important international financial markets, including the spot and forward currency markets.

2. describe and explain the basic exchange-rate and open-economy macroeconomic models commonly used by policy-makers and international traders and investors.

3. independently apply models used by policy-makers and international traders and investors for purposes of conducting policy analysis as well as predicting balance of payments and exchange-rate movements.

4. identify, illustrate and problematise global and local work focusing on accountability, ethics and follow-up related to environmental, social and economic sustainability issues (applies only to students in the Programme in Environmental Social Science and the Programme in Business and Economics, see further information under Assessment).

The content of the course is presented mainly at lectures and in group exercises. A large part of the knowledge acquisition on the course is done through own work by the student.

Language of instruction: English

All learning outcomes are examined by a written examination.

If a student who has failed the same examined element on two occasions wishes to change examiner before the next examination session, such a request is to be submitted to the department in writing and granted unless there are special reasons to the contrary (Chapter 6, Section 22 of the Higher Education Ordinance).

If a student has received a recommendation from the University of Gothenburg for study support for students with disabilities, the examiner may, where it is compatible with the learning outcomes of the course and provided that no unreasonable resources are required, decide to allow the student to sit an adjusted exam or alternative form of assessment.

In the event that a course has ceased or undergone major changes, students are to be guaranteed at least three examination sessions (including the ordinary examination session) over a period of at least one year, though at most two years after the course has ceased/been changed. The same applies to work experience and VFU, although this is restricted to just one additional examination session.

If a student has been informed that they meet the requirements to be a student at the National Sports University (RIU student), the examiner has the right to decide on adjustments during examinations, provided this is done in accordance with the Local Regulations for RIU students at the University of Gothenburg.

The grading scale comprises: Excellent (A), Very good (B), Good (C), Satisfactory (D), Sufficient (E) and Fail (F).

Course evaluation is done digitally and anonymously at the end of the course.

The survey material is compiled and the results from the course evaluation and proposals for possible improvement measures are discussed at the course committee meeting. After the course evaluation is completed, the result will be published at the course homepage.

If changes in course is made based on the course evaluation, this will be communicated at the course introduction for the upcoming student group

Limitations: The course may not be included in the same degree as the sub-course "International Economics and Financial Markets, 7.5 credits", which is part of NEG200, NE0200, as well as HNF255 .