International Monetary Theory

General Information

Instructor: Beverly Lapham

Office:

Phone:

E-mail:

laphamb@qed.econ.queensu.ca

Office Hours:

TA: Sean Diamond

Office:

Phone:

E-mail:

diamonds@qed.econ.queensu.ca

Office Hours:

Course Times and Location:

Mondays: 1:00-2:20 and Wednesdays: 11:30-12:50

MacDonald Hall 002

Midterm Date:

Wednesday, Oct. 22, 2003, in class

Empirical Paper Proposal Due Date:

Wednesday, November 14, 2003, by 5pm

Empirical Paper Due Date:

Wednesday, November 26, 2003, by 5pm

Course Objectives

This course studies issues in international monetary economics (also known as international finance or open economy macroeconomics) and examines the interaction of national economies through international financial markets. We will discuss topics such as the balance of payments, foreign exchange markets, nominal and real exchange rate determination, and international parity conditions. We will also discuss policy issues including exchange rate management, optimum currency areas, the history of the international monetary system, adjustment mechanisms, and currency crises.

Course Requirements

Required Text

International Economics: Theory and Policy

Reference Text

International Economics

Evaluation

Assignments: 15%

Empirical Paper: 15%

Midterm: 25%

Final: 45%

Submission of Empirical Paper:
Students are first required to submit a proposal for their paper. The proposal is due Wednesday, November 12, 2003 by 5pm.

Students are then required to submit BOTH a hard copy version of their paper and an electronic version of their paper. Both versions are due Wednesday, November 26, 2003 by 5pm.

The hard copy should be submitted directly to Professor Lapham.

The electronic submission should be sent as an attachment in an e-mail message to econ426papers@qed.econ.queensu.ca. You should include your name and student number in the e-mail address. Complete instructions for electronic submission can be accessed at Electronic Paper Submissions

Please refer to the syllabus for further details on the empirical paper requirement.

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