Aller à : contenu haut bas recherche
EN     FR
Vous êtes ici:   UNIL > HEC Inst. > HEC App. > SYLLABUS

International Money and Finance

  • Teacher(s):   P.Bacchetta   M.Davenport  
  • Course given in: English
  • ECTS Credits: 6 credits
  • Schedule: Spring Semester 2019-2020, 4.0h. course (weekly average)
  •  sessions
  • site web du cours course website
  • Related programmes:
    Bachelor of Science (BSc) in Economics

    Bachelor of Science (BSc) in Management

    Bachelor (BSc) in Economic Sciences



The objective of this course is to familiarize students with key concepts of the international monetary and financial environment, taking a macroeconomic perspective. Topics covered include:

  1. Exchange rates: their behavior, their economic impact, the foreign exchange market, currency crises.
  2. Economic policy: macroeconomic policies in an open economy, exchange rate regimes, international monetary institutions.
  3. International movements of capital: financial globalization, the balance of payments


      Plan du cours

      1. Introduction
      2. The balance of payments
      3. FX market, exchange rates and interest rates
      4. The international monetary system
      5. The macroeconomic environment
      6. Fixed exchange rates
      7. Flexible exchange rates
      8. Financial crises


      The course is based on the following book: Peter J. Montiel, International Macroeconomics, Wiley-Blackwell, 2009.


      Students should be familiar with concepts covered in the second year macroeconomics course: Analyse Economique - Macroéconomie (Reference : Blanchard et Cohen, Macroéconomie or Mankiw, Macroéconomie)


      First attempt

      Written 2 hours
      Not allowed
      Not allowed

      The grade is based on a final exam (70%) and a short country report (30%). Details on the country report will be given in the first weeks of the course. The exam will cover material reviewed in problem sets as well as various concepts presented during the course.


      Written 2 hours
      Not allowed
      Not allowed

      In case of a retake exam, the country report is still worth 30%.

      [» go back]           [» courses list]

      Internef - CH-1015 Lausanne - Suisse  -   Tél. +41 21 692 33 00  -   Fax +41 21 692 33 05
      Swiss University