ECON30430 Economics of International Fin

Academic Year 2022/2023

This module focuses on the finance and macroeconomics of international financial flows. It covers the history of post-War financial arrangements, from Bretton Woods to the modern globalised financial system. Other topics to be covered include the determinants of the balance of payments, relationships between currency arrangements and capital flows and between trade and financial flows, the role played by capital inflows and outflows in financial crisis, the determinants and financing of foreign direct investment, the role of the IMF in the global economy and the case for a global tax on financial transactions.

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Curricular information is subject to change

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.

Student Effort Hours: 
Student Effort Type Hours


Autonomous Student Learning




Approaches to Teaching and Learning:
Lecture in class: 2 hours per week
Debates and case-based learning: Students will be presented with real economic examples and they will be asked to debate on whether the models described in class can explain those examples. 
Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Multiple Choice Questionnaire: 1 hour during class Week 6 n/a Alternative linear conversion grade scale 40% No


Examination: 2 hours end of term exam 2 hour End of Trimester Exam No Graded No


Carry forward of passed components
Resit In Terminal Exam
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

The students will receive group/class feedback after their mid-term exam.