International Finance

Course Description:

Nature of adjustments in open economies under various monetary systems, financial exchange across international boundaries, theory of comparative advantage, balance of payments and adjustment, fixed exchange rates, flexible exchange rates, and international institutions that facilitate financial transactions.

Course Objectives:

• Realize the importance of foreign exchange market, and its impacts on balance-of-payments accounts, especially in the case of Thailand.
• Understand the differences between different exchange rate regimes, including their strengths and weaknesses.
• Able to criticize current fiscal, monetary, and foreign exchange policies; and recommend whether, when, and how to adopt the policies, under different capital mobility assumptions.
• Understand how different macroeconomic policies affect price and output levels in the economy, under different exchange rate regimes and different capital mobility assumptions.
• Apply the knowledge from the class to current real-world issues related to international finance.

Teaching Methods:

All materials will be covered by lecturing during the class time. Real-world examples and case studies will be discussed through question-answer time. Class participations are encouraged.