THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2024/2025

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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: International Money and Finance (ECNM11015)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits10 ECTS Credits5
SummaryThis course is designed to give students a command of the main tools of analysis in International Money and Finance, so that they can undertake advanced work in areas such as modern macroeconomics, international finance, international macroeconomics, and finance; and to show the applications of such analysis using theoretical models, policy models and empirical analysis.
Course description This course is structured in three parts and taught by three different lecturers. Part A (two weeks), which is taught by Professor Cobham, and Part B (three weeks), which is taught by Professor Byrne and Part C (one week) which is taught by Dr Ibrahim.

Part A: Professor David Cobham
- Exchange rate and monetary policy regimes since Bretton Woods.

Part B: Professor Joseph Byrne
- Real and Nominal Exchange Rate Behaviour: Purchasing Power Parity and Beyond.
- Monetary Policy and Exchange Rate Prediction.
- International Capital Flows.

Part C: Dr Boulis Ibrahim
- This part of the IMF course introduces some likely mechanisms by which stock market information can spill-over to markets located in other geographical zones, and get boosted or dampened by information emanating from yet other markets located in different geographical zones.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Macroeconomics 2 (ECNM11022) OR Microeconomics 2 (ECNM11025) OR Econometrics 2 - Time Series (ECNM11089) OR Econometrics 2 - Microeconometrics (ECNM11091)
Co-requisites
Prohibited Combinations Other requirements Students should be enrolled on MSc Economics, MSc Economics (Econometrics), MSc Economics (Finance) or MSc Mathematical Economics and Econometrics.
Any other students must email sgpe@ed.ac.uk in advance to request permission.
Information for Visiting Students
Pre-requisitesStudents should be enrolled on MSc Economics, MSc Economics (Econometrics), MSc Economics (Finance) or MSc Mathematical Economics and Econometrics.
Any other students must email sgpe@ed.ac.uk in advance to request permission.
High Demand Course? Yes
Course Delivery Information
Academic year 2024/25, Available to all students (SV1) Quota:  None
Course Start Block 4 (Sem 2)
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 18, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 78 )
Assessment (Further Info) Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment) There will be one 2-hour Final Exam in the April/May Diet. The overall mark will be calculated as 100% from this one exam.
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. A command of the main tools of analysis in International Money and Finance,
  2. Able to undertake advanced work in areas such as modern macroeconomics, international finance, international macroeconomics, and finance
  3. Show the applications of such analysis using theoretical models, policy models and empirical analysis.
Reading List
Some selected reading is:
MacDonald, R. 2007 The Economics of Exchange Rates Theories and Evidence Routledge.

Pilbeam, K. 2013 International Finance, 4th Edition Palgrave MacMillan.

Extensive reading lists shall be provided during the course.
Additional Information
Course URL http://www.sgpe.ac.uk
Graduate Attributes and Skills Not entered
Additional Class Delivery Information The course is organised as three-hour lectures each week for three weeks. There are no tutorials for this course.
KeywordsNot entered
Contacts
Course organiser Course secretary
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