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67431-01 - Vorlesung: International Money and Finance (6 KP)
| Semester | Frühjahrsemester 2025 |
| Angebotsmuster | Jedes Frühjahrsem. |
| Dozierende | Adrien Wicht (adrien.wicht@unibas.ch, BeurteilerIn) |
| Inhalt | The course builds on the macroeconomics and quantitative methods taught in the first and second year of the Bachelor program. It focuses on international macroeconomics and finance, which we discuss both at an intuitive and technically advanced level (for instance, by solving a simple dynamic decision problem of households and firms in a two-period economy). First, we study and document empirically the global imbalances in the trade balance and current account across countries. Second, we develop a simple two-period model of an open economy that we will use throughout the course. Third, we will use our basic theoretical framework, with the appropriate variations, to address all of the central topics in the field, including the determinants of the current account in open economies; processes of adjustment to temporary, permanent, and unanticipated shocks; the determinants of the real exchange rate; the role of capital controls in the presence of financial frictions; the role of fixed and flexible exchange rates in model with nominal rigidities; and the interaction between monetary and fiscal policy. Throughout the course, the predictions of the theoretical models are confronted with data. These tests are used to highlight the power of a particular theory in providing insight into a particular real-world problem, but also to mark its limits and to motivate critical thinking. |
| Lernziele | The aim of the course is to familiarize students with the tools of international macroeconomics and finance and to apply these tools in macro-policy issues using the same basic analytical approach as is employed in the research literature. Upon successful completion of the course students will have acquired an appreciation of the role of international currency markets in the determination of economic outcomes. Specifically, they will be familiar with a theoretical framework through which they can interpret movements in the exchange rate and its relationship to other key macroeconomic variables. Students will also be familiar with the effects of monetary and fiscal policy in an international setting. They will be able to critically assess the appropriateness of a particular policy in response to important events within the international monetary system. |
| Literatur | Main textbook: • Schmitt-Grohe, S., M. Uribe and M. Woodford (2022): International Macroeconomics, Princeton University Press. Additional Reading: • Krugman, P., M. Obstfeld and M. Melitz (2022): International Economics: Theory and Policy, Global Edition, Twelfth edition, Pearson. • Obstfeld, M. and K. Rogoff (1996): Foundations of International Macroeconomics, MIT Press. |
| Bemerkungen | The course consists of one 2-hour lecture (Mondays) and one 2-hour tutorial (Tuesdays) every week---with the following exceptions: • First week of teaching: Tue, 18 Feb 2025: no tutorial. • Basler Fastnacht: Mon, 10 Mar 2025: no lecture; Tue, 11 Mar 2025: no tutorial; • Easter: Mon, 21 Apr 2025: no lecture; Tue, 22 Apr 2025: lecture instead of tutorial. |
| Teilnahmevoraussetzungen | No special requirements. |
| Anmeldung zur Lehrveranstaltung | Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
|---|---|---|---|
| wöchentlich | Montag | 12.15-14.00 | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| wöchentlich | Dienstag | 16.15-18.00 | Kollegienhaus, Hörsaal 118 |
Einzeltermine
| Datum | Zeit | Raum |
|---|---|---|
| Montag 17.02.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Montag 24.02.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 25.02.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 03.03.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 04.03.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 10.03.2025 | 12.15-14.00 Uhr | Fasnachstferien |
| Dienstag 11.03.2025 | 16.15-18.00 Uhr | Fasnachstferien |
| Montag 17.03.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 18.03.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 24.03.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 25.03.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 31.03.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 01.04.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 07.04.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 08.04.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 14.04.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 15.04.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 21.04.2025 | 12.15-14.00 Uhr | Ostern |
| Dienstag 22.04.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 28.04.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 29.04.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 05.05.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 06.05.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 12.05.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 13.05.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 19.05.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 20.05.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Montag 26.05.2025 | 12.15-14.00 Uhr | Vesalianum Seiteneingang, Grosser Hörsaal (EO.16) |
| Dienstag 27.05.2025 | 16.15-18.00 Uhr | Kollegienhaus, Hörsaal 118 |
| Module |
Modul Economics (ECON) II (Bachelorstudium: Wirtschaftswissenschaften (Studienbeginn vor 01.08.2021)) Modul: Aufbau Economics (Bachelorstudium: Wirtschaftswissenschaften) Modul: Wahlbereich in Wirtschaftswissenschaften (Bachelor Studienfach: Wirtschaftswissenschaften) Wahlbereich Bachelor Wirtschaftswissenschaften: Empfehlungen (Bachelor Studienfach: Wirtschaftswissenschaften (Studienbeginn vor 01.08.2021)) |
| Prüfung | Leistungsnachweis |
| Hinweise zur Prüfung | Written exam: Date tbd |
| An-/Abmeldung zur Prüfung | Anm.: Belegen Lehrveranstaltung; Abm.: stornieren |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Belegen bei Nichtbestehen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Wirtschaftswissenschaftliche Fakultät / WWZ |