Description:
| Aims: This unit aims to provide students with the necessary theoretical and practical tools to understand and work in a multi-currency professional environment.
Learning Outcomes: At the end of this unit, students should develop understanding of:
(i) Foreign exchange markets;
(ii) Determinants of exchange rates;
(iii) Assessing and managing risks in foreign exchange markets;
(iv) Origins and effects of financial crises.
Skills: Numeracy (T/A)
Analytical ability (F/A)
Writing skills (A)
Time management (F/A)
Use of IT, notably for information gathering (F/A).
Content: (i) Foreign exchange markets and balance of payments;
(ii) International portfolio theory and diversification;
(iii) International parities;
(iv) Macroeconomic models of FX;
(v) Forecasting FX;
(vi) Managing FX risk;
(vii) Managing interest rate risk;
(viii) Theoretical models of currency crises.
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