International Macroeconomics

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Module Title : International Macroeconomics

  • Type of Module:

PC (Prescribed Core Module)


PS (Prescribed Stream Module)

ES (Elective Stream Module)

E (Elective Module)

  • Level of Module



  • Year of Study


  • Semester


  • Number of credits allocated

  • Name of lecturer / lecturers : Dr. Spyridon Roukanas


  • Description :

The interpretation of macroeconomic and monetary relations and the analysis of international macroeconomic policy.

  • Prerequisites :

The knowledge of macroeconomic and microeconomic is needed to understand the course

  • Module Contents ( Syllabus) :

1st Lecture,

National accounts figures and Balance of Payments

The 2nd Lecture,

Exchange Rates and Foreign Exchange Market

3rd Lecture,

Money, Interest Rates and Exchange Rates

4th Lecture,

Prices and Exchange Rate Long Term

5th Lecture,

Product and Exchange Rate Short Term

6th Lecture,

Fixed Exchange Rates and Intervention in Foreign Exchange Market

7th Lecture,

The International Monetary System

8th Lecture,

Macroeconomic Policy and Coordination at Floating Exchange Rate regime

9th Lecture,

The Optimum Currency Areas and the European Experience

10th Lecture,

The International Capital Market

  • Recommended Reading :

Α) Principal Reference :

Krugman, P and Obstfeld, M (2011), International Economics: Theory and Policy, Athens, Kritiki Publications.

Leventakis, I (2003), International Macroeconomics and Finance, Athens, Stamoulis Publications.

Β ) Additional References:

Gerber, J (2010), International Economics, 5th, Prentice Hall.

Montiel, J.P. (2009), International Macroeconomics, Wiley Blackwell

  • Teaching Methods :

The teaching method of the course takes place through lectures. During the lectures, students are encouraged to actively participate in order for the course to gain interactive character and enhance their understanding. The course is also supported by extra lectures to enable students to deepen further the objectives of the course.

  • Assessment Methods :

Progress of written examination (30%): Students are assessed on the lectures that were taught in the first three lectures.

Final examination of the course (70%): Students are assessed on lectures that were taught in the last seven lectures.

  • Language of Instruction :


Module Objective (preferably expressed in terms of learning outcomes and competences):

The learning outcomes are: National accounts and balance of payments figures - Exchange rates and currency market - Money, interest rates and exchange rates - Prices and exchange rates long term - product and the exchange rate short term - Fixed exchange rates and foreign exchange intervention - The International Monetary System - Macroeconomic Policy and coordination in regime of floating exchange rates – the Optimum Currency Areas and the European experience-the globalization of capital markets.

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