EC21A Marie Freckleton 876 9771188 Tuesday 10-11, Thursday 10-11

ECON3007 : International Finance

Course Description This course introduces students to international financial markets,  exchange rate theories and  theories of the balance of payments.   Recommended Texts  Husted, S. and M. Melvin  International Economics Pearson/ Addison Wesley 6th edition 2004   Course Outline 1. Intoduction  to International Finance    Husted and Melvin chap. 11    2. THE BALANCE OF PAYMENTS  Husted and  Melvin chap. 12  Salvatore, D. International Economics 6th ed. Chap. 13  Freckleton, M. “ Jamaica ’s Balance of  Payments Performance” in Lalta S, and Freckleton M (eds) Caribbean Economic Development Ian Randle Publishers  Bank of Jamaica Annual Reports 3.THE FOREIGN EXCHANGE MARKET  Husted and Melvin chap.13  Salvatore chap. 14     4. Purchasing Power Parity   Husted and Melvin  chap 14  Salvatore chap. 15  5. Interest Parity   Husted and Melvin chap.15  6.. Foreign Exchange risk   Husted and Melvin chap. 16   7. International Investment     Husted and Melvin chap.16    UNCTAD World Investment Report 2005    World Bank World Development Report 2005 8. Theories of the Balance of Payments       Husted and Melvin chap.17       9. Exchange Rate Theories  Husted and Melvin chap. 18    10. International Banking  Husted and Melvin chap. 20  Krugman, P. and M. Obstfeld International Economics 5th ed.  Chap. 21  OECD “ Progress on identifying and eliminating harmful tax practices” at  http:// www.oecd.org  Course Assessment Mid- Semester Exam  - 20% final mark  Class presentation- 5%  Examination (end of semester) – 75% final mark