Learning Outcomes:
On successful completion of this module, students should be able to understand the main problems facing governments and central banks operating in an open economy, with particular reference to understanding how the global financial system works and whether a global tax system and financial regulatory framework is needed.
Indicative Module Content:
Topics include:
- Models of exchange rates
- The IS-LM-FX model
- International capital flows and growth
- Fixed vs. floating exchange rates