KTTS4170 Economics of Exchange Rates (5 op)

Opinnon taso:
Syventävät opinnot
Arviointiasteikko:
0-5
Suorituskieli:
englanti
Vastuuorganisaatio:
Jyväskylän yliopiston kauppakorkeakoulu
Opetussuunnitelmakaudet:
2017-2018, 2018-2019, 2019-2020

Kuvaus

Sisältö

Purchasing Power Parity. Covered and Uncovered Interest Rate Parity. Currency and interest rate arbitrage. Efficiency of foreign and forward foreign exchange market. Rational expectations in currency market. Risk premium in foreign exchange market. Traditional macro models for exchange rate determination: Monetary model, Dornbusch overshooting model, portfolio balance model. Exchange rate regimes. Empirical testing of foreign exchange models. Basics of microstructure in foreign exchange. Some recent topics in foreign exchange.

Suoritustavat

Contact teaching course. Organized biannually in even years, autumn semester 2nd period. The study methods of the contact teaching course are specified in the study program annually.

Book exam: academic year

Arviointiperusteet

Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.

Osaamistavoitteet

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

- be aware of exchange rate dynamics
- comprehend the basic theories of the foreign exchange
- explain the causes and consequences of exchange rate fluctuations
- analyze the impacts of economic policy on exchange rate
- evaluate the efficiency of foreign exchange market
- evaluate and forecast exchange rate
- model exchange rate dynamics

Lisätietoja

Recommended timing for Finnish M.Sc. degree students: 3rd or 4th year.

Esitietojen kuvaus

KTTA2160 Macroeconomics
KTTA2150 Microeconomics
KTTA1120 Introduction to Econometrics
KTTS1110 Mathematical Economics II

Oppimateriaalit

Supplementary reading list is provided in the course.

Kirjallisuus

  • Cuthbertson, K. & Nitzsche, D. 2004. Quantitative Financial Economics: Stocks Bonds and Foreign Exchange. 2nd Edition, Wiley, Chapters 24–27.; ISBN: 9780273683063
  • Copeland, L. 2014. Exchange Rates and International Finance. 6th edition.; ISBN: 0273786075

Suoritustavat

Tapa 1

Valitaan kaikki merkityt osat

Tapa 2

Valitaan kaikki merkityt osat
Suoritustapojen osat
x
Julkaisematon arviointikohde
x
Julkaisematon arviointikohde