ECF2721 · Trade finance and foreign exchange

Overview

This unit examines international finance and trade policies in an open economy. Topics include purchasing power parity, interest parity, the balance of payments, financial integration, and market models and their effects on trade and capital flows. The unit emphasises applying theory and real‑world data to evaluate exchange rate systems and contemporary international economic issues.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. analyse exchange rate movements using purchasing power parity, interest parity, and asset market models in international financial contexts
2. analyse the effects of fiscal and monetary policy under different exchange rate regimes using economic models
3. assess macroeconomic adjustment and global financial linkages using balance of payments accounts and international goods, services, and capital flows
4. evaluate fixed and floating exchange rate systems, including their implications for international trade, macroeconomic stability, and policy autonomy
5. analyse international economic developments using real-world data and scholarly sources in supporting policy-based arguments.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.