Global Finance and Growth

Faculteit Economie en Bedrijfskunde
Jaar 2021/22
Vakcode EBM150A05
Vaknaam Global Finance and Growth
Niveau(s) master, uitwisseling
Voertaal Engels
Periode semester I b
ECTS 5
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Uitgebreide vaknaam Global Finance and Growth
Leerdoelen Upon completion of the course the student is able to:
1. Describe and interpret the nature and consequences of international financial flows.
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 in each arrangement.
4. Reproduce and critically discuss theoretical views on the international financial system. 5. Apply this knowledge and these theories to case studies such as global imbalances, financial crisis or the Euro-crisis.
5. Apply this knowledge and these theories to case studies such as the 1970s oil crisis, global imbalances, 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,  -tussentijds tentamen (open vragen)
(In some weeks there is an online test, in other weeks students annotate texts using Perusall. There is a mid term assignment and a final assignment.)
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
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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