Global Finance and Growth

Uitgebreide vaknaam	Global Finance and Growth
Leerdoelen	Upon completion of the course the student is able to: 1. Reproduce and critically discuss theoretical views on the international financial system 2. Discuss and explain the logic of international monetary arrangements such as the Bretton Woods system or the Eurozone 3. Describe and explain the effects of policy actions such as interest changes or capital account liberalization. 4. Describe and interpret the nature and consequences of international financial flows. 5. Apply this knowledge and these theories to case studies such as global imbalances, financial crisis or the Euro-crisis.
Omschrijving	What is money? What is debt? What do banks do? How are financial relations between households and firms organized? And between states? How do financial flows relate to trade flows? What was the Gold Standard and the Bretton Woods system? What system do we have now? Why do countries have international reserves? What are shadow banks? How does the Eurozone work? Why was there a global financial crisis in 2007? Why was there a Eurocrisis? These are the questions we ask in this course. You will acquire theoretical and factual knowledge. You will learn a conceptual apparatus to discuss international finance problems. You will weigh different views on the international financial system.
Uren per week	4
Onderwijsvorm	-hoorcollege ,  -werkcollege (This course requires harder work than most Master courses – be prepared to spend about 15 hours each week (7 x 15 = 105 hours, still less than 5 ECTS). We use the Futurelearn platform. You learn by on-line activities (viewing, reading, discussing), through self-study, and in tutorials.)
Toetsvorm	-computer test/wekelijkse quiz,  -schriftelijk tentamen (open vragen),  -tussentijds tentamen (open vragen) (The grade is a weighted average of weekly quizzes and assignments. There is no final exam.)
Vaksoort	master
Coördinator	prof. dr. D.J. Bezemer
Docent(en)	prof. dr. D.J. Bezemer ,dr. A.C. Steiner
Entreevoorwaarden	You should understand balance sheets, national accounting, the balance of payments system, and basic international macroeconomics (exchange rates, interest rates, capital flows)
Opmerkingen	Secretary: gem.feb@rug.nl; 050 363 3458; 5411.0538
Opgenomen in	Opleiding Jaar Periode Type Courses open to Exchange Students (MSc)  ( Courses open to Exchange Students (MSc) without limited access ) 1 semester I b keuze DD MSc ED&G - Lund University, Lund (2-jarig)  (basisprogramma DD MSc ED&G - Lund University, Lund (2-jarig)) 1 semester I b keuzegroep MSc Economic Development & Globalization / ED&G  (keuzevak(ken) A MSc ED&G) 1 semester I b keuze Msc Philosophy, Politics and Economics 1 semester I b keuze