This is a course on International Finance which is the macroeconomic complement to International Trade. We will study the role of the balance of payment, trade balance and exchange rate in the determination of macroeconomic output and income.
Students will understand the role of the international economy and exchange rate behavior in the determination of gross national product.
Policy and Theory of International Finance by Steve Suranovic (Required Textbook)
There will be fourteen quizzes given during the term. These quizzes will occur on the dates specified below. Each quiz will cover material covered during the previous two lectures. The best twelve of fourteen quiz grades will be used to calculate the student’s final class average. If a student is unhappy with his/her final quiz average, then a comprehensive final exam will be offered during the final exam week. If a student chooses to sit for the comprehensive final, the grade earned on this final will account for 100% of the final grade i.e., the quiz average must be forfeited. Student(s) opting to take the final exam must contact Professor Belton to schedule an exam time during the final exam week.
There is no explicit attendance requirement for this course, however students are strongly encouraged to attend all lecture. Data is presented at the start of the semester which show student achievement with regular class attendance relative those with less than regular attendance. Attendance clearly improves achievement by one-half letter grade.
Students are expected to maintain the highest standards of academic integrity. All work submitted must be original and properly cited. Plagiarism, cheating, or any form of academic dishonesty will result in immediate consequences as outlined in the university's academic integrity policy.
This course applies macroeconomic theory to the international economy. Given the integrated world which student will exist in the future, knowledge of how countries finance international trade is imperative.