ECON3236 International Finance

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Details for undergraduate courses
  • Level 3 option in the Economics; Professional Economics; Finance major sequences
  • The area of knowledge for this unit is Management and Commerce
  • Category A broadening unit for Bachelor of Commerce students where relevant according to the broadening requirements for each student
  • Level 3 elective
Content
This unit is concerned with the operation and role of international financial markets from a macroeconomic standpoint. Topics include national income accounts, the balance of payments accounts, foreign exchange markets, money markets, models of the exchange rate, and monetary and fiscal policy under different exchange rate regimes.
Outcomes
Students are able to (1) explain the national income and balance of payments accounts; (2) explain the foreign exchange (FX) market and the concepts of nominal, real, spot, and forward exchange rates; (3) explain the money market and the theory of money demand and money supply; (4) explain the theories of exchange-rate determination; and (5) explain the role of monetary and fiscal policy in floating and fixed exchange rate regimes.
Assessment
Indicative assessments in this unit are as follows: (1) quizzes; (2) assignments; and (3) final exam. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr Girish Bahal
Unit rules
Prerequisites:
ECON2234 Macroeconomics: Policy and Applications
or
any Level 2 Finance unit; for pre-2012 courses: none
Incompatibility:
ECON2236 International Finance
Contact hours
lectures/Practical Classes/seminars/workshops: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.