International Economics II
level of course unit
Learning outcomes of course unit
master the fundamental connections between monetary foreign trade and exchange rate theory
understand the effects of money and currency policies.
prerequisites and co-requisites
The aim of this course is to critically examine the fundamental connections between exchange rate theory and monetary policy. Based on the knowledge of relationships between monetary and exchange rate policies in flexible and restricted commodity prices, the course will look at exchange rate determination and the management of flexible and fixed exchange rates. The significance of currency insecurity, a reliable monetary policy and the definition of 'optimal currency areas', as well as considerations of the international financial architecture, will be looked at with reference to real-world developments.
recommended or required reading
Ghosh, A.R., Gulde, A.-M., Wolf, H.C.: Exchange Rate Regimes. Choices and Consequences. Cambridge, 2003.
deGrauwe, P.: International Money. 2. Aufl., Oxford, 1996.
assessment methods and criteria
Written exam and/or scientific paper and/or presentation
language of instruction
number of ECTS credits allocated
planned learning activities and teaching methods
Lecture, group work, presentation and task discussion
semester/trimester when the course unit is delivered
name of lecturer(s)
Dr. Gruber Stefan
year of study
recommended optional program components
course unit code
type of course unit
mode of delivery