International Financial Markets and Institutions

Korea University

Course Description

  • Course Name

    International Financial Markets and Institutions

  • Host University

    Korea University

  • Location

    Seoul, South Korea

  • Area of Study

    Finance, International Business

  • Language Level

    Taught In English

  • Prerequisites

    Introductory level of microeconomics AND macroeconomics.

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

    3
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    Course Description
    The objective of this course is two-fold: first, the course will provide basic economic tools to
    understand international financial markets; second, we will analyze the current issues of international finance critically, using the economic models. To this end, the course will introduce the model of interest rate parity, simple Mundell-Fleming model, the concept of purchasing power parity, and the regimes of exchange rate. We use the theoretical frameworks to understand various topics in international economy, such as global imbalance, the effects of a rise in U.S. interest rate on the other economies, the fundamental background of public debt crises in EURO zone, and the currency crises.

    Required Textbook
    Krugman, Paul, Maurice Obstfeld, and Marc Melitz, International Economics: Theory & Policy,
    Tenth Edition

    Prerequisites
    Introductory level of microeconomics AND macroeconomics.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations