Course ID 17ST24
Programme
  • Trade and International Business
ESPB 6
Number of classes 3+2
Semester 6
Status Optional
The main objective of the course is to acquire specific knowledge characteristic of international finance. The goal of the course is that upon completion of the learning process, students will be able to define and describe the importance of exchange rates in the context of modern financial markets, analyse the balance of payments of the country and, on the basis of analysis, bring adequate conclusions, describe the basic characteristics and principles of functioning of the international monetary system and monetary union, as well as to analyse problems of international borrowing with a special focus on debt crises and the causes of their emergence. The overall objective of the course is that students after the learning process acquire functional knowledge in the field of international finance and the ability to apply the acquired knowledge in solving specific problems in the field.
By mastering the content of the course International Finance students will be able to:

• define the concept of foreign exchange market and foreign exchange rate,
• describe the role and importance of foreign exchange rates in financial markets,
• define and describe the characteristics of the international monetary system,
• recognize crisis indicators in national economies,
• detect potential hazards and illustrate a method of adequate response , bearing in mind the fact of transmission of economic policy measures between countries in contemporary globalized international financial relations.
Theoretical training
• Exchange rate and foreign exchange market.
• Exchange rate regimes.
• Balance of payments.
• Determinants of the exchange rate level.
• International monetary system.
• Monetary union.
• Currency crises and speculative attacks.
• The problem of international indebtedness and the debt crisis.

Practical training
• Problem tasks.
• Seminar papers.
• Discussions.
Miljković, D. (2007). Međunarodne finansije. Beograd: Ekonomski fakultet u Beogradu.

Kovačević, R. (2014). Međunarodne finansije. Beograd: CID Ekonomskog fakulteta u Beogradu.

Moosa, I. A. (2010). International finance: an analytical approach, 3rd Edition. Boston: McGraw Hill.
Case study analyses, discussions, class presentations of examples from practice, class presentations of seminar papers.
Assessment (maximum number of points – 100)
Exam Requirements 45 points Final exam 55 points
Attendance 5 Written exam 55
Ongoing assessment 30 Oral exam  
Class participation 10  
Case  study      

 

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Practice classes