ECON 3510 - International Finance III
North Terrace Campus - Semester 2 - 2021
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General Course Information
Course Details
Course Code ECON 3510 Course International Finance III Coordinating Unit Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assumed Knowledge ECON 1012 Assessment Typically, bi-weekly assignments and final exam Course Staff
Course Coordinator: Dr Qazi Haque
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
- Explain conceptually the organisation of foreign exchange markets.
- Apply simple theoretical models of international capital flows and exchange rate determination.
- Assess the empirical validity of simple models of international capital flows and exchange rate determination.
- Analyse the causes of historical exchange rate movements with reference to the models covered.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University 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)
1-4 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
1-4 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
1-4 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1-4 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
1-4 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
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Learning Resources
Required Resources
"International Macroeconomics" by Stephanie Schmitt-Grohe, Martin Uribe and Michael Woodford. In preparation for Princeton University Press.
http://www.columbia.edu/~mu2166/UIM/suw.pdfRecommended Resources
Additional readings will be made available on MyUni in due course.Online Learning
MyUni - http://www.myuni.adelaide.edu.au
Other online Resources will be provided via the above site, during the course.
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Learning & Teaching Activities
Learning & Teaching Modes
The lectures will closely follow the textbook. The lectures and the textbook should reinforce each other. You are advised to keep up with the reading. You will find that the lectures are far easier to follow if you have already been exposed to the material via the textbook.
The tutorials will be primarily based on problem solving and discussions, in preparation for your midterm and final examinations.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The workload for this course should consist of:
Attend lectures 2 hours per week
Attend tutorials 1 hour per week
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University 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.Learning Activities Summary
Teaching & Learning Activities Related Learning Outcomes Lectures (2 x 1 hr) 1-4 Tutorials (1 hr) 1-4
The following schedule is tentative and subject to changes.
Course Plan Week Topic Core Readings 1 Global Imbalances Chapter 1 1 Current Account Sustainability Chapter 2 2 An Intertemporal Theory of the Current Account Chapter 3 3 The Terms of Trade, The World Interest Rate and the Current Account Chapter 4 4 Current Account Determination in a Production Economy Chapter 5 5 Uncertainty and the Current Account Chapter 6 6 Large Open Economies Chapter 7 7 The Real Exchange Rate and Purchasing Power Parity Chapter 8 8-9 Determinants of the Real Exchange Rate Chapter 9 10 International Capital Market Integration Chapter 10 11 Capital Controls Chapter 11 12 Nominal Rigidity, Exchange Rate Policy and Unemployment Chapter 12 Specific Course Requirements
None. -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Due Date/ Week Weight Learning Outcomes Tutorial Active Participation Weeks 2-12 10% 1-4 Quizzes (best 4 out of 6) Online multiple choice questions via MyUni 30% 1-4 Mid-Term Exam To be announced on MyUni at the beginning of the semester. 20% 1-4 Final Exam See exam timetable. 40% 1-4 Assessment Related Requirements
The mid-term test is redeemable if students choose not to, or are unable to, do the tests. The weighting of the missed test will be added to the weighting of the final exam.
To pass the course, students must achieve at least 50% of the marks overall. There is no separate requirement relating to the final examination.Assessment Detail
NOTES ON ASSESSMENT
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks cannot be awarded for handwriting that cannot be read.
EXAMINATIONS
It is each student's responsibility to read the examination timetable. Misreading the timetable is not accepted as grounds for granting an alternative examination.
University staff are not permitted to provide examination times to students over the telephone or in response to personal enquiries.
Students may NOT take into the examination a DICTIONARY (English or English-Foreign).Submission
Details to be announced on MyUni in due course.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending 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 Access Adelaide.
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Student Feedback
The University 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 University 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.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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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’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
