IGESS (Institute for Global Economics and Social Sciences)

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ECN300CA(経済学 / Economics 300)
International Economics B

Ni BIN

Class code etc
Faculty/Graduate school IGESS (Institute for Global Economics and Social Sciences)
Attached documents
Year 2021
Class code K6724
Previous Class code
Previous Class title
Term 秋学期授業/Fall
Day/Period 水3/Wed.3
Class Type
Campus 多摩
Classroom name
Grade 3~4
Credit(s) 2
Notes
Open Program
Open Program (Notes)
Global Open Program
Interdepartmental class taking system for Academic Achievers
Interdepartmental class taking system for Academic Achievers (Notes)
Class taught by instructors with practical experience
SDGs CP
Urban Design CP
Diversity CP
Learning for the Future CP
Carbon Neutral CP
Chiyoda Campus Consortium
Category Advanced Courses/専門科目
Disciplinary Courses/IGESS科目
Ⅱ. Global Economy
Faculty Sponsored Department Economics

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Outline and objectives

This course introduces undergraduate students to the theory of International Finance and its application to the real world.

Goal

Upon completion of this course students will be able to achieve, but are not limited to the following:
* To understand the balance of payment;
* To understand how a foreign exchange market operates
* To compare the exchange rate regimes and international monetary
standards
* To explain financial crises in emerging economies, their causes and
solutions

Default language used in class

英語 / English

Method(s)(学期の途中で変更になる場合には、別途提示します。 /If the Method(s) is changed, we will announce the details of any changes. )

Teaching materials will be uploaded via Hosei's website ('Hoppii'). Due to Covid-19, we will not hold face-to-face classes. Instead, the self-learning pattern will be adopted, as in the spring semester. However, one difference is that I will hold Zoom lectures from time to time. I will make announcement in advance and please make sure you check the notifications from Hoppii regularly. Response papers will still be used for Q&A.

Active learning in class (Group discussion, Debate.etc.)

あり / Yes

Fieldwork in class

あり / Yes

Schedule

※各回の授業形態は予定です。教員の指示に従ってください。

1回目:Introduction

What is international finance?

2回目:The basics of international finance

The Balance of Payment, capital flow

3回目:The foreign exchange market

The basics of foreign exchange market

4回目:National accounts

The system of national accounts

5回目:Exchange rate (1)

The concept of PPP

6回目:Exchange rate (2)

Interest rate parity

7回目:Exchange rate (3)

The foreign exchange rate

8回目:Intervention in the foreign exchange market

Why is the intervention necessary?

9回目:Fiscal policy

Governmental spending

10回目:Monetary policy

Interest rate and investment

11回目:Financial crisis

The history of financial crisis and the reasons

12回目:International monetary system

The US dollar and the globalization of RMB

13回目:Monetary union

The birth of euro, and other possiblity

14回目:Review

To review the contents of the whole semester

Work to be done outside of class (preparation, etc.)

It is highly recommended that students prepare in advance and review the contents after the class. Students are encouraged to read newspapers and references that are related to the topics included in the course schedule. It is important that students raise their own questions and actively participate in the discussion. 本授業の準備学習・復習時間は、各2時間を標準とします。

Textbooks

Paul Krugman, Maurice Obstfeld and Marc Melitz, “International Economics: Theory and Policy,” Global Edition, Pearson Education Limited; 10th Revised版 , 2014.

References

高木信二 著、『入門国際金融』第4版、日本評論社2011年.

Grading criteria

We will have a final exam for this course. But different from the regular written exam, it will be online and take the form of multiple choice question, using Hoppii (the same format as the homework). I will give you enough time, meanwhile you will be allowed to make reference to all the resources. As for the evaluation:

(1)Homework: 50%
(2)Final exam: 50%

Changes following student comments

Nothing particular