1. Contact Information
  2. Prerequisites
  3. Course Description and Credit Hours
  4. Required Texts
  5. Course Objectives
  6. Student Learning Outcomes
  7. Other Course Materials
  8. Outline Of Topics
  9. Exams and Assignments
  10. Grading Policy
  11. Policy on Missed Exams and Coursework
  12. Attendance Policy
  13. Notification of Changes
  14. Custom Sections
  15. Statements on Academic Misconduct
  16. Statement On Disability Accommodations
  17. Severe Weather Protocol
  18. Pregnant Student Accommodations
  19. Religious Observances
  20. UAct Statement

International Finance

EC 431-320Fall 2020 | 3 Credit Hours

Lecture

Xiaochun Liu

Contact Information

UA Campus Directory:

Prerequisites

UA Course Catalog Prerequisites:

EC 308 (Grade of C- or better) or EC 310 (Grade of C- or better); and EC309 (Grade of C- or better) or EC 311 (Grade of C- or better)

Course Description

Course Description and Credit Hours

Introduction to the field of international finance. Course deals primarily with international financial markets and the macroeconomics of international financial flows. Topics include foreign exchange and international securities markets and international banking.

Required Texts

Required Texts from UA Supply Store:
  • KRUGMAN / INTERNATIONAL FINANCE - RENTAL EDITION (Choose One)
  • KRUGMAN / (eBook) International Finance (Choose One)

When you purchase the textbook, either online or from bookstore, you must make sure that the purchase should include an access code to register the course online at MyEconLab. See the detailed student registration instruction for BLACKBOARD attached to the end of the syllabus.

Course Objectives

International finance includes two main topics, namely foreign exchange and international monetary systems. The materials covered in this course will provide students a list of essential concepts and economic models of international finance, allowing students to make international financial decisions and manage international business risks.

Student Learning Outcomes

  • The materials covered in this course will provide students a list of essential concepts and economic models of international finance, allowing students to make international financial decisions and manage international business risks.

Other Course Materials

Reference Books:

Macroeconomics in Emerging Markets. Petter J. Montiel, 2e. Cambridge

International Finance: Theory into Practice. Piet Sercu. Princeton

Outline of Topics

The class will build upon key concepts in the textbook, and cover the following main topics:

Balance of payments: current account, capital account, financial account

The modern foreign exchange market and exchange rates

The determination of nominal exchange rates: money, interest rate, price, output

International monetary systems: A historical view

Financial globalization: opportunity and crisis

Optimum currency areas and the Euro

Developing countries: growth, crisis and reform

The rising of China’s economy

Exams and Assignments

Assignments will be assigned on MyEconLab. You are responsible to regularly check any updates on MyEconLab of this course. Therefore, the registration for MyEconLab is required for this course. Please register it A.S.A.P.

You will be assigned weekly homework via MyEconLab. Homework due time is created by MyEconLab. Once passing due dates and time, MyEconLab will automatically shut down your access to that assignment. Therefore, late homework will be recorded as zero. Missed homework can’t be made-up.

All tests, including two midterms and one final exam, will be completed online. You could take the tests anywhere you have access to internet. Therefore, it is your responsibility for having reliable internet access.

Specifically, the two midterms are scheduled on 9/24/2020 and 10/27/2020, and the final exam on 12/9/2020.

Grading Policy

Assignments and Exams Grade Weights (431) Grade Weights (531)

Assignments 40% 30%

Project 10%

Midterm I 15% 15%

Midterm II 20% 20%

Final exam 25% 25%

Grade Classification Range for 431 Range for 531

A+ [96,100]

A [92, 96) [92, 100]

A- [89, 92)

B+ [86, 89)

B [83, 86) [85, 92)

B- [80, 83)

C+ [75, 80)

C [70, 75) [70, 85)

C- [68, 70)

D+ [65, 68)

D [62, 65) [60, 70)

D- [60,62]

F [0, 60) [0, 60)

Policy on Missed Exams and Coursework

If you had to miss a midterm exam, you must email me a scanned or written note for an excused reason before the exam date. If you failed to do so, the midterm exam would be recorded as 0. If you were excused from a midterm exam, there is no make-up for it and its original weight will be given to the final exam.

Final exam is required, and thus there is no excuse to miss the final exam.

If there is an interference with your class schedule because of your athletic commitments, university activities, or religious reasons, please inform me a.s.a.p.

Attendance Policy

Students above 500 level must complete a term paper. The students will choose their interested topics of international finance to write a term paper about 10 pages, double spaced, 12 pts font, and 1in margin on each side. The students are welcome to discuss their project ideas with me. The Project is due by our last class on 12/3/2020 by the end of the day.

Notification of Changes

The instructor will make every effort to follow the guidelines of this syllabus as listed; however, the instructor reserves the right to amend this document as the need arises. In such instances, the instructor will notify students in class and/or via email and will endeavor to provide reasonable time for students to adjust to any changes.

Statement on Academic Misconduct

Students are expected to be familiar with and adhere to the official Academic Misconduct Policy provided in the Online Catalog.

Statement On Disability Accommodations

Contact the Office of Disability Services (ODS) as detailed in the Online Catalog.

Severe Weather Protocol

Please see the latest Severe Weather Guidelines in the Online Catalog.

Pregnant Student Accommodations

Title IX protects against discrimination related to pregnancy or parental status. If you are pregnant and will need accommodations for this class, please review the University’s FAQs on the UAct website.

Religious Observances

Under the Guidelines for Religious Holiday Observances, students should notify the instructor in writing or via email during the first two weeks of the semester of their intention to be absent from class for religious observance. The instructor will work to provide reasonable opportunity to complete academic responsibilities as long as that does not interfere with the academic integrity of the course. See full guidelines at Religious Holiday Observances Guidelines.

UAct Statement

The University of Alabama is committed to an ethical, inclusive community defined by respect and civility.  The UAct website (www.ua.edu/uact)  provides extensive information on how to report or obtain assistance with a variety of issues, including issues related to dating violence, domestic violence, stalking, sexual assault, sexual violence or other Title IX violations, illegal discrimination, harassment, hate or bias incidents, child abuse or neglect, hazing, threat assessment, retaliation, and ethical violations or fraud.

Statement on COVID-19

All University faculty, staff, and students are expected to maintain a commitment to the health and safety of our campus community. Due to the current COVID-19 pandemic, specific health and safety standards are in place to minimize exposure and community spread on campus. In the interest of your health and safety and that of all UA students, faculty and staff, the University reserves the right to change the mode of instruction or schedule of instruction at any time, based upon prevailing public health and other guidance. While the method of delivery may change, educational instruction and opportunities will continue. As such, the University will not provide a refund of tuition, in whole or in-part, based on any such changes. Detailed information on changes in format or schedule can be found at studentaccounts.ua.edu and financialaid.ua.edu.

All students must be familiar with and abide by the requirements outlined in the UA Return Plan | UA System Comprehensive Health and Safety Plan. Students must (1) wear a mask or face covering at all times while participating in face-to-face class; (2) adhere to social distancing standards; and (3) comply with all other health and safety restrictions. If a student refuses to comply with the requirements, the student will be asked to leave the class and reported for a conduct violation. Unless a student has an exemption from the requirement to wear a face covering, (more information can be found at ods.ua.edu/covid-19-disability/), the student will be reported to Student Life for further disciplinary action. More information on these requirements and UA Healthcheck system and screening can be found at healthinfo.ua.edu/returnplan. You are expected to visit the site and comply with all noted requirements related to in-person class attendance.