It presents a policy-oriented perspective, similar to that an economist would use when advising governments on how to work within the modern international financial system and how to overcome its problems.

Topics covered

• Unit 1 Evolution of International Financial Systems
• Unit 2 Foreign Exchange Markets
• Unit 3 The Balance of Payments
• Unit 4 Balance of Payments: the Mundell-Fleming Approach
• Unit 5 Balance of Payments – the Monetary Approach
• Unit 6 Fixed and Flexible Exchange Rate Systems
• Unit 7 Currency Blocs, Financial Integration and International Co-ordination
• Unit 8 Currency and Financial Crises and the International Financial System

Assessment

• one three-hour unseen written examination (70%)
• two tutor marked assignments (30%)