International Monetary Economics
RMIT University Vietnam
Ho Chi Minh City, Vietnam
Area of Study
Business, Economics, International Business, International Economics
Taught In English
Required Prior Study
004944 - Macroeconomics 1
Host University Units12
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4.5
Hours & Credits
This course provides you with an understanding of the principles of open economy macroeconomics. You will gain insight into the concept of external equilibrium and exchange rate determination. This material is then applied to practical problems including macroeconomic management in an open economy and the choice of exchange rate regime. The insights provided by the theoretical frameworks covered in this course enable valuation of current policy issues and the critical assessment of role of macroeconomic openness on a country’s level of employment and income.
Objectives/Learning Outcomes/Capability Development
On successful completion of this course you will be able to:
- Analyse the concept of a nation’s balance of payments to examine the economic importance of changes in a nation’s net foreign wealth position.
- Synthesize and evaluate theories of exchange rate determination.
- Assess the policy options available in an open macroeconomic environment.
- Evaluate the extent to which macroeconomic policy effectiveness is affected by macroeconomic openness.
- Assess the implications of a government’s choice between a fixed and a floating exchange rate regime.
- Analyse the causes and effects of currency crises.
Overview of Learning Activities
In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
Overview of Learning Resources
Various learning resources are available online through MyRMIT StudiesBlackboard. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.
Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.
Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:
Assessment Task 1: 50%
Linked CLOs: 1, 2, 3
Final Examination: 50%
Linked CLOs: 1, 2, 3, 4, 5, 6
Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.