Part A: Course Overview
Course Title: International Monetary Economics
Credit Points: 12.00
Terms
Course Coordinator: Dr Sarah Sinclair
Course Coordinator Phone: +61 3 9925 1329
Course Coordinator Email: sarah.sinclair@rmit.edu.au
Course Coordinator Location: Melbourne City Campus Building 80, Level 11
Course Coordinator Availability: Please check with course coordinator
Pre-requisite Courses and Assumed Knowledge and Capabilities
Required Prior Study
004944 - Macroeconomics 1
Course Description
This course provides you with an understanding of the principles of open economy macroeconomics. You will gain insight into the concept of external equilibrium and exchange rate determination. This material is then applied to practical problems including macroeconomic management in an open economy and the choice of exchange rate regime. The insights provided by the theoretical frameworks covered in this course enable valuation of current policy issues and the critical assessment of role of macroeconomic openness on a country’s level of employment and income.
Objectives/Learning Outcomes/Capability Development
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On successful completion of this course you will be able to:
- Analyse the concept of a nation’s balance of payments to examine the economic importance of changes in a nation’s net foreign wealth position.
- Synthesize and evaluate theories of exchange rate determination.
- Assess the policy options available in an open macroeconomic environment.
- Evaluate the extent to which macroeconomic policy effectiveness is affected by macroeconomic openness.
- Assess the implications of a government’s choice between a fixed and a floating exchange rate regime.
- Analyse the causes and effects of currency crises.
Overview of Learning Activities
In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
Overview of Learning Resources
Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.
Overview of Assessment
Assessment Task 1: 10%
Linked CLOs: 1,2,3,4,5,6
Assessment Task 2: 40%
Linked CLOs: 1,2,3,4,5,6
Assessment Task 3: 50%
Linked CLOs: 1,2,3,4,5,6