ECON 442 - International Finance
Section: 001
Term: FA 2009
Subject: Economics (ECON)
Department: LSA Economics
Credits:
4
Enforced Prerequisites:
ECON 402 with a grade of at least C-; or Graduate standing.
Repeatability:
May not be repeated for credit.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:

The subject of International Economics, which analyzes open economies (interacting with the rest of the world) is divided traditionally in two parts. International Trade deals with flows of goods and services among countries. On the other hand, International Finance, our subject, deals with flows of capital. We will start with introducing gains from participating international trade and financial markets. Next we will study the foreign exchange market, which is the biggest financial market, dwarfing any other market by any measure. We will apply no arbitrage ideas to derive parity conditions for exchange rates. We will next turn our attention to the Euromarkets, futures, options and swaps and focus on the pricing of these new financial products. Finally, we will study developments in international portfolios and the measurement and management of risk in international financial positions.

After taking this class you should be able to fully understand what is at stake in the debates surrounding International Finance issues. You will have a framework for understanding the evolution of exchange rates, currency crises, etc. Also if you interview for a job related to International Finance, you should appear to be aware of important issues and equipped with a good grasp of the pertinent tools.

For textbook information, please visit the ECON Textbook Information Website. Information will be posted for each class as soon as it is available.

ECON 442 - International Finance
Schedule Listing
001 (LEC)
 
44664
Open
21
 
-
MW 8:30AM - 10:00AM
002 (DIS)
P
44665
Open
5
 
-
Th 3:00PM - 4:00PM
003 (DIS)
P
44666
Open
16
 
-
F 10:00AM - 11:00AM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.


Coursepack Location:
DollarBill
Note:
You may either purchase the book or the coursepack. The coursepack is a copy of the textbook since the textbook is out of print.
ISBN: 0072338652
International financial markets, Author: Richard M. Levich., Publisher: McGraw-Hill/Irwin 2nd ed. 2001
Required
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