Seminar in International Economics



Seminar in International Economics/Finance

MBA program, Inter-Continental University of the Caribbean

Boulder, Colorado

September 23- October 4, 2013

Leeds School of Business Room # S130

Sousan Urroz-Korori

Website:

E-mail: urrozkor@colorado.edu

October 4, 2:30-4:30 pm. Final Exam

This is an intensive seminar that requires not only your class participation but also extensive individual time to study outside classroom. Your participation in class is obligatory, and class discussion is part of your grade. You are required to read all the assigned material prior to class time. The Exam is scheduled for Friday October 7th 2:00-4:00 pm. you need to sign-up for one of the group presentation[1] on the first day of class.

Required Text book: Eun & Resnick, International Financial Management (IFM) 6th edition, McGraw-Hill/Irwin, New York, 2012, ISBN # 978-0-07-803465-7

September 24 9:00-12:00 am.

Introduction to International Economics/Finance: The focus is in understanding the overall picture of International Economics and its relationship with development. We cover topics such as Financial and Economic Crisis, Capitalization and Development, Foreign Direct Investment, Trade, The Role of international organization such as World Trade Organization (WTO), and International Monetary Fund (IMF).

Reading material:

• Professor’s notes on the website

• Globalization and the Multinational Firm, Chapter 1, IFM, pp. 4-24

• Gain from Trade: The Theory of Comparative Advantage, IMF Appendix 1A, pp. 27 & 28

September 24 2:00-4:30 pm.

International monetary systems, history of monetary arrangements, European monetary system, financial crisis, causes of financial crises, exchange regimes.

• Professor’s notes online

• Prof. Becker[2] notes on Foreign Exchange, on the website

• International Monetary System, Chapter 2, IFM, pp. 29-61

September 26 9:00-12:00

The current account, the capital account and the portfolio investment, reserve (surplus vs. deficit), The relationship between balance of payments and national income.

Reading Material:

• Balance of Payments, Chapter 3, IFM pp. 64-79

• Appendix 3A The relationship between balance of payments and national income accounting, page 82

• Mini case, Mexico’s Balance of Payment

• Problem 1, page 80

Market and structure of foreign exchanges, spot market, cross exchange rates, arbitrage, forward rare, swap transactions.

Reading Material:

• The Market for Foreign Exchange, chapter 5, IFM, pp. 112-135

• Professor’s notes on Foreign Exchange Market

• Problems 1-9 page 136

October 1 2:00-4:30 pm.

International Parity Relationships and Forecasting Foreign Exchange Rate, & Management of Transaction Exposure.

Reading Material:

• Chapter 6, pp. 139-165

• Problems 1-6 pp. 166 & 167

• Chapter 8, pp. 198-216

• Problems 1-5, pp 217 & 218

October 3 9:00-12:00 am.

Management of Economic Exposure & Management of Transaction Exposure.

Reading Material:

• Chapter 9 pp. 227-244

• Chapter 10 pp. 248-262

October 3 2:00-4:00 pm.

Problem solving period

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[1] You either can sign up on line or during the first day of classes.

[2] Duke University

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