DA_IFR International Financial Relations

University of Finance and Administration
Winter 2021
Extent and Intensity
2/0/0. 10 credit(s). Type of Completion: DZk (doctoral examination).
Teacher(s)
prof. Dr. Ing. Jan Frait (lecturer)
Guaranteed by
prof. Dr. Ing. Jan Frait
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
After completing this course, students will understand the analysis of selected problems of international financial relations, with emphasis on functioning of global financial markets, external economic balance, exchange rate and balance of payments. Subject matter includes both the theoretical part and the empirical analysis.
Learning outcomes
students will understand the analysis of selected problems of international financial and monetary relations.
Syllabus
  • 1. Globalization of financial markets and its consequences. 2. External economic balance (alternative interpretations) and analysis of balance of payments. 3. Monetary theory of balance of payments (assumptions, balance, effects of devaluation) and functioning of economy with fixed exchange rate. 3. Monetary integration – dynamics of different groups of economies and convergence. Euro and debt crisis in the euro area. 5. Exchange rate dynamics (theoretical background and practical context) 6. Selected current issues of the international finance (global financial crisis, environment of very low interest rates).
Literature
    required literature
  • Schmitt-Grohe, Uribe, M. and Woodford, M.: International Macroeconomics. Free on-line textbook. Selected chapters. http://www.columbia.edu/~mu2166/UIM/suw.pdf
  • Jones, R, Kenen, P.: Handbook of International Economics, Volume. Elsevier, 1985. Chapters 14, 17, 18, 19. Available freely on Science Direct
    recommended literature
  • Handa, J.: Monetary economics. Routledge 2009. Available freely at http://bibliotheque.pssfp.net/livres/MONETARY_ECONOMICS.pdf. Selected chapters
Teaching methods
The course consists of lectures in full-time studies and group consultations in part-time studies. Discussion of pre-studied texts is part of the course. Students who will fail to meet the requirements for participation in education may be given during the semester additional study obligations (to the extent that demonstrates academic achievement and gained competencies necessary for successful completion of course).
Assessment methods
Course is completed by doctoral examination. The examination takes the form of a debate over the final work. Termination is the same for full-time and part-time study.
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
General note: Předmět doktorského studia.
Information on the extent and intensity of the course: 12 hodin KS/semestr.
Teacher's information
The study materials for this course include course program and supplementary documents (see the “Study materials”).
The course is also listed under the following terms Winter 2020, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (Winter 2021, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/winter2021/DA_IFR