最新糖心Vlog

ECON 4016 - International Finance IV (H)

North Terrace Campus - Semester 2 - 2018

This course introduces students to the core tools and themes of open-economy business-cycle theory. The objectives of the course are to enable students to: i) critically evaluate the relevant models and empirical works in open-economy macroeconomics, and ii) apply these analytical tools themselves to investigate topical issues in international macroeconomics.

  • General Course Information
    Course Details
    Course Code ECON 4016
    Course International Finance IV (H)
    Coordinating Unit Economics
    Term Semester 2
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 4 hours per week
    Available for Study Abroad and Exchange N
    Prerequisites ECON 3510, or ECON 2506 & ECON 2507
    Incompatible ECON 7100
    Restrictions Available only to students enrolled in the BEc(Hons) program
    Assessment Typically, bi-weekly assignments, seminar presentation, mid-term test (or term research paper), and final exam
    Course Staff

    Course Coordinator: Dr Nicolas Groshenny

    Course Coordinator: Dr. Nicolas Groshenny
    Course Timetable

    The full timetable of all activities for this course can be accessed from .

  • Learning Outcomes
    Course Learning Outcomes

    On successful completion of this course, students will be able to:

    1. Describe and interpret business cycles facts around the world.
    2. Describe and apply a variety of modelling approaches to the current account, net capital flows and exchange rates determination.
    3. Construct and apply Dynamic Stochastic General Equilibrium (DSGE)  macroeconomic models to a range of issues in open economy macroeconomics.
    最新糖心Vlog Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    最新糖心Vlog Graduate Attribute Course Learning Outcome(s)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1-3
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    1-3
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    1-3
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1-3
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    1-3
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    1-3
  • Learning Resources
    Required Resources
    Open Economy Macroeconomics, by Uribe and Schmitt-Grohe, 2017, Princeton 最新糖心Vlog Press.
    Recommended Resources

    The following texts are useful for reference purposes:

    Foundations of International Macroeconomics, by Obstfeld and Rogoff, 1996, MIT Press.

    Open Economy Macroeconomics, by Carlos Vegh, 2013, MIT Press.

    Online Learning
    This course makes use of MyUni and you are required to check the website regularly.

  • Learning & Teaching Activities
    Learning & Teaching Modes
    Typically, the course includes assignments, tutorial discussions and presentations. The students may be required to read journal articles and make presentation of the key methodology and results.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.


    The 最新糖心Vlog expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This translates to 12 hours per week for a semester course.

    Students will be actively engaged to discuss key issues and analytical frameworks of key economic models in international finance. They are required to read key papers and journal articles and present at tutorials. Students are also required to solve models and relate the results to key issues.


    Learning Activities Summary
    Students will be introduced to key facts, concepts and models of open economy macroeconomics. The students will also develop the necessary analytical skills for model applications.

    A tentative outline of topics that we will cover:

    - Business cycle facts around the world
    - An open endowment economy
    - An open economy with capital
    - The open economy real business cycle model
    - Business cycles in emerging countries: productivity shocks versus financial frictions
    - Interest rate shocks
    - Importable goods, exportable goods and the terms of trade
  • Assessment

    The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Participation: 10%
    Mid-term: 40%
    Research Project: 50%
    Assessment Detail
    Students need to demonstrate the ability to understand and articulate key economic issues related to open economy macroeconomics. Students are required to solve analytical and empirical models with reference to real issues.
    Submission
    Submission of assignments as per instructions on MyUni.
    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M11 (Honours Mark Scheme)
    GradeGrade reflects following criteria for allocation of gradeReported on Official Transcript
    Fail A mark between 1-49 F
    Third Class A mark between 50-59 3
    Second Class Div B A mark between 60-69 2B
    Second Class Div A A mark between 70-79 2A
    First Class A mark between 80-100 1
    Result Pending An interim result RP
    Continuing Continuing CN

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through .

  • Student Feedback

    The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.