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Lecturer(s)
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Černohorská Liběna, doc. Ing. Ph.D.
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Gyamfi Solomon, Ing. Ph.D.
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Course content
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International finance, characteristic and basic range of problems. Balance of payments, concept, structure, balance, factors influencing balance of payments, balancing processes. Exchange rate, its systems, determinants, exchange rate in long and short period, management of exchange rates, fundamental and technical analysis of exchange rate. Foreign exchange reserves, its structure and management, exchange intervention of central bank. Exchange market, its structure, foreign exchange operations - term and prompt, foreign exchange expositions and hazards. Model IS-LM-BP (Mundell-Fleming model). Rating. Historical development of international monetary system, Brettonwood institutions, Euro, European Monetary Union.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Methods of individual activities
- Participation in classes
- 36 hours per semester
- Preparation for a credit (assessment)
- 20 hours per semester
- Preparation of a presentation (report)
- 24 hours per semester
- Preparation for an exam
- 70 hours per semester
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Learning outcomes
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A student who has successfully completed a subject can: explain the historical context and importance of exchange rates; characterize balance of payments; characterize the exchange market; characterize foreign exchange operations; characterize financial crisis and their economics impacts; explain the historical development of international monetary system. A student who successfully completed the subject will: orientate in the field of international finance; to focus on the offer of international finance; analyze the development of the financial crises; analyze the historical development of monetary system; to interpret the importance of international finance for economic entities. A student who successfully completed the subject is able to: to use their expertise and skills to solve the problems of international finance; comprehensibly and convincingly to experts and laymen information about the kind of professional problems in the field of international finance and their own opinion on their solution.
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Prerequisites
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unspecified
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Assessment methods and criteria
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Oral examination, Written examination, Home assignment evaluation, Student performance assessment, Presentation
The assignment is granted upon completion of the following conditions: presentation and discussion of the current situation. The examination is written and oral. It is possible to achieve max. 100 points, while the final test is the max. 85 points, essay and its presentation max. 10 points, discussion and activity in seminars max. 5 points.
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Recommended literature
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Gandolfo, G. International Finance and Open Economy Macroeconomics. Berlin: Springer-Verlag, 2016. ISBN 978-3-662-498620.
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KRUGMAN, P. R., OBSTFELD, M. MELITZ M. J. International Finance Theory and Policy. Harlow: Pearson Education, 2018. ISBN 9781292238739.
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