25752 - INTERNATIONAL FINANCE

Conoscenze e abilità da conseguire

The purpose of the course is to study the impact of globalization on firms strategc decisions. Attention will be focused to customization of company's offering in different countries, to standardized/differentiated approach to competition in differnt countries, to choices of reconfiguate their business model on an international basis.

Contenuti

1. Some basic concepts in international finance: exchange rates and the foreign exchange market
   
2. Exchange rates: the monetary approach in the long run
3. Exchange rates II: the asset approach in the short run
4. Balance of payments: the gains from financial globalization
5. The debate on fixed vs. flexible exchange-rate regimes: international monetary experience
6. Exchange rate crises

Testi/Bibliografia

Main textbook is:

R. C. Feenstra - A. M. Taylor, International Macroeconomics, 4th edition, Worth Publishers, 2017.

Metodi didattici

Class lectures. Although not compulsory, class attendance is highly recommended to successfully deal with the course's requirements.

Modalità di verifica e valutazione dell'apprendimento

Students' assessment will be based on a closed-book written test, aimed at evaluating their comprehension of the main concepts developed throughout the course. It will also assess students' ability to analyze current real-world issues and problems, related to international economics and finance.

After the first half of classes, students have the opportunity to take a midterm exam, followed by a final exam based on the topics of the second half of classes. Both tests will last 75 minutes and consist of a true/false section and one open-ended question. The final grade will be the average of the two marks of the intermediate tests.

Alternatively, students can take the full exam (based on the entire program) at the end of the course. In this case, the exam will be a 105-minute long test that includes a true/false section and two open-ended questions.

Grades will be scaled as follows:

<18 fail
18-23 pass
24-27 good
28-30 very good
30 e lode excellent

Students can reject a passing grade only once. To this end, he/she must email a request to the instructor, who will acknowledge receipt of the message.

Should online exams be envisaged by the University of Bologna, the structure of the written exam will be the same. The exam will be run through Zoom and Exams Online (EOL).

A good background in intermediate macroeconomics is very useful  to successfully attend the course.

Strumenti a supporto della didattica

Teaching material (class notes and further readings) will be available on Moodle platform at: iol.unibo.it

Orario di ricevimento

Consulta il sito web di Massimiliano Marzo