Modulhandbuch (Module manual)

M.184.4411 International Finance - Currencies and Exchange Rates
(International Finance - Currencies and Exchange Rates)
Koordinator (coordinator): Prof. Dr. Thomas Gries
Ansprechpartner (contact): Heike Brenke (heike.brenke[at]uni-paderborn.de)
Amin Kassab (amin.kassab[at]uni-paderborn.de)
Credits: 10 ECTS
Workload: 300 Std (h)
Semesterturnus (semester cycle): WS
Studiensemester (study semester): 1-4
Dauer in Semestern (duration in semesters): 1
Lehrveranstaltungen (courses):
Nummer / Name
(number / title)		 Art
(type)		 Kontaktzeit
(contact time)		 Selbststudium
(self-study)		 Status (P/WP)
(status)		 Gruppengröße
(group size)
a) K.184.44111 / Lecture on introduction to exchange rates and international finance 32 Std (h) 80 Std (h) P 30 TN (PART)
b) K.184.44112 / Project on Developing Dynamic Simulation Models in Macroeconomics and International Finance 20 Std (h) 80 Std (h) P 30 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine
Empfohlene Voraussetzungen (prerequisites):

​

Grundzüge der Volkswirtschaftslehre

Mathematik für Wirtschaftswissenschaften

Methods of Economic Analyses


Inhalte (short description):

 This course introduces the main concepts and methods needed to understand and analyze the macroeconomics of an open economy, international finance and exchange rates. It covers topics such as balance of payments, exchange rate determination, market efficiency and expectations, risk, exchange rate regimes, international financial markets and institutions, exchange rates and asset markets, and borrowing and debt. The course also involves the development of dynamic macroeconomic models as part of a seminar project using computer software (MATLAB and Dynare) applied to selected contemporary topics in international macroeconomics.

The course is divided into two parts:

1. First part of the semester:

The first part of the semester spans 9 weeks and begins with an introductory session in the first week, followed by a 4-hour weekly lecture. Detailed timetables and lecture materials are available on the PAUL and PANDA platforms. This part concludes with a 60-minute mid-term exam, which takes place towards the end of the first part of the semester (exact date to be announced). The mid-term exam counts for 50% of the overall grade.

2. Second part of the semester:

The second part, which runs from approximately the 8th week of the semester to the end of the semester, involves a seminar project in which students are organized into groups. Each student investigates a research topic and submits an individual empirical paper of approximately 15 pages using MATLAD and DYNARE. The submission of the paper is the final examination that marks the end of the semester. The submission of the project paper counts for 50% of the overall grade. Throughout the project phase, students receive support in the form of individual and group consultations aimed at guiding their research and improving their academic writing skills. At the end of the semester, students can review both their examination results and their project work​

Lernergebnisse (learning outcomes):
Fachkompetenz Wissen (professional expertise):
Studierende...

​

  • know theoretical and empirical facts in international finance.
  • know of basic traditional and recent theories and models of exchange rates, currencies as well as international macroeconomics and international financial markets.
  • have a broad overview of empirical facts and are introduced a number of theories to explain the empirical facts to link empirical facts with a consistent theory.


    • Fachkompetenz Fertigkeit (practical professional and academic skills):
    Studierende...

    ​

  • can link empirical facts with a consistent theory.
  • can discuss international finance from a macroeconomic perspective.
  • use discrete analysis of current financial questions within the project.
  • analyze empirical studies as well as discrete application of international economic questions to new contexts using theory and econometric research methods.


    • Personale Kompetenz / Sozial (individual competences / social skills):
    Studierende...

    ​

  • practise intercultural communication skills due to the high proportion of international students in the course of studies (around 50% of students) and English as course language.
  • work on project and group management.
  • transfer knowledge to a group of people.


    • Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
    Studierende...

    ​

  • search, prepare, evaluate and use target-oriented analysis of information, data and sources.
  • increase competences to elaborate a certain economic topic on their own.
  • improve economic understanding and ability to work independently.
  • increase presentation skills.


    • Prüfungsleistungen (examinations)
    Art der Modulprüfung (type of modul examination): Modulteilprüfungen
    Art der Prüfung
    (type of examination)    		 Umfang
    (extent)    		 Gewichtung
    (weighting)
    a) Klausur 60 Min 50.00 %
    b) Hausarbeit 10 S. 50.00 %
    Studienleistung / qualifizierte Teilnahme (module participation requirements)
    Nein
    Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
    Keine
    Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
    Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist
    Gewichtung für Gesamtnote (calculation of overall grade)
    Das Modul wird mit der Anzahl seiner Credits gewichtet (Faktor: 1)
    Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
    M.Sc. International Business Studies, M.Sc. Betriebswirtschaftslehre, M.Sc. International Economics and Management, M.Sc. Management Information Systems, M.Sc. Wirtschaftsinformatik, M.Sc. Wirtschaftspädagogik, M. Ed. Wirtschaftspädagogik
    Umfang QT (participation requirements):
    Lernmaterialien, Literaturangaben (learning material, literature):
    Teilnehmerbegrenzung (participant limit):
    30 Personen
    Sonstige Hinweise (additional information):

    ​Language of instruction: English

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