Not too easy. Not too difficult.
This course is very useful. The material is about currency, trade, arbitrage, which are all very interesting. The professor is very kind. He will answer all the questions you have. Please take this course.
This course analyzes what determines exchange rates, including interest rates, fiscal and monetary policies, GDP growth, inflation, and other factors. We will examine the causes of exchange rate crises, the functioning of fixed and flexible exchange rate systems, the effect of the worldwide saving imbalance, the euro zone crisis, as well as other current topics. We will also study hedging and speculating in foreign exchange markets by using futures and forward contracts and options.
Hours per week:
Advice for students:
The class is hard. But please do the homework and go to the office hour. Students will be expected to read the assignment for each class before the class, and then to participate actively in the class discussion. I will also cold-call on students. Problem sets should be turned in at the beginning of class on the day they are due.