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Modul (6 Credits)

International Capital Movements: Theory and Econometric Evidence

Name im Diploma Supplement
International Capital Movements: Theory and Econometric Evidence
Verantwortlich
Voraus­setzungen
Siehe Prüfungsordnung.
Workload
180 Stunden studentischer Workload gesamt, davon:
  • Präsenzzeit: 45 Stunden
  • Vorbereitung, Nachbereitung: 90 Stunden
  • Prüfungsvorbereitung: 45 Stunden
Dauer
Das Modul erstreckt sich über 1 Semester.
Qualifikations­ziele

Students

  • understand the conceptual basics of international capital movements 
  • are able to present current models of international capital movements formally, graphically, and are also able to interpret them verbally
  • are able to analyze the models critically
  • are in a position to transfer the obtained knowledge and skills to other subjects
  • are able to verify the models empirically
  • are in a position to interpret estimation results and analyze them critically
  • have learned how to implement empirical studies independently. Due to the close link between theory and practice in the tutorial class, students are also well-prepared to meet a wide range of requirements of professional practice
  • can evaluate scientific studies accurately and are in a position to identify starting points for their own empirical research
  • are proficient in the econometric methods necessary to evaluate relevant economic models and are able to apply these methods independently as well as to identify their weaknesses
Praxisrelevanz

The acquired skills and knowledge can be utilized in international companies (in particular banks and other financial institutions), international organizations, economic research institutions and ministries. The ability to analyze international economic relations theoretically and empirically according to scientific standards is a prerequisite for understanding recent economic studies. It is therefore the base for scientific research and practice in this area of expertise.

Prüfungs­modalitäten

The module-related examination is performed by a written test (usually 60-90 minutes).

Die Prüfung in diesem Modul darf nicht abgelegt werden, wenn Theorie und Empirie internationaler Kapitalallokationen bereits bestanden ist.

Verwendung in Studiengängen
  • BWL-EaF-Ma-2015 Wahlpflichtbereich 1.-3. FS, Wahlpflicht
  • ECMX-Ma-2019 Wahlpflichtbereich Bereich Economics 1.-3. FS, Wahlpflicht
  • LA-gbF-kbF-BK-Ma-2014 Masterprüfung in der kleinen beruflichen Fachrichtung Finanz- und Rechnungswesen, Steuern Profil "Finanzdienstleistungen" in der kleinen beruflichen Fachrichtung Wahlpflichtbereich im Profil "Finanzdienstleistungen" 1.-3. FS, Wahlpflicht
  • Mathe-Ma-2013 Anwendungsfach "Wirtschaftswissenschaften" Schwerpunkt "VWL-M II" 1.-4. FS, Wahlpflicht
  • MuU-Ma-2013 Wahlpflichtbereich II Wahlpflichtbereich II B.: Märkte und Unternehmen aus Marktperspektive 1.-3. FS, Wahlpflicht
  • VWL-Ma-2009-V2013 Wahlpflichtbereich I 1.-3. FS, Wahlpflicht
  • WiMathe-Ma-2013 VWL-M II 1.-4. FS, Wahlpflicht
Bestandteile
Name im Diploma Supplement
International Capital Movements: Theory and Econometric Evidence
Anbieter
Lehrperson
SWS
2
Sprache
englisch
Turnus
Sommersemester
maximale Hörerschaft
16
empfohlenes Vorwissen

Advanced knowledge in macroeconomics of open economies, in the field of money and currencies as well as basic knowledge in econometrics.

Abstract

The course provides advanced knowledge of new theoretical and empirical research in the field of international capital movements. This includes the analysis of the determinants of international capital movements, the analysis of the determining reasons of exchange rate movements as well as the analysis of the functionality of international financial markets. Furthermore, various explanatory approaches for international currency and financial crises are going to be presented and assessed.

Qualifikationsziele

Students

  • understand the conceptual basics of international capital movements
  • are able to present current models of international capital movements formally, graphically, and are also able to interpret them verbally
  • are in a position to transfer the obtained knowledge and skills to other subjects
Lehrinhalte
  • Structure and development of international capital movements
  • Causes of international capital movements
  • Techniques to measure the integration of international financial markets
  • Stylised facts of exchange rate developments
  • Purchasing power parity theory
  • Monetary approaches to the exchange rate
  • Portfolio theory
  • The microstructural approach to exchange rate analysis 
  • The effects of foreign exchange interventions
  • Forecasting quality of alternative models
  • Causes of currency and financial crises
Literaturangaben
  • Harms, Internationale Makroökonomik;
  • Mark, International Macroeconomics and Finance, Theory and Econometric Methods; 
  • Obstfeld and Taylor, Global Capital Markets;
  • Sarno and Taylor, The Economics of Exchange Rates;
  • Selected scientific publications
didaktisches Konzept

The course is held in the form of lectures.

Hörerschaft
  • BWL-EaF-Ma-2015 Wahlpflichtbereich Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • ECMX-Ma-2019 Wahlpflichtbereich Bereich Economics Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • LA-gbF-kbF-BK-Ma-2014 Masterprüfung in der kleinen beruflichen Fachrichtung Finanz- und Rechnungswesen, Steuern Profil "Finanzdienstleistungen" in der kleinen beruflichen Fachrichtung Wahlpflichtbereich im Profil "Finanzdienstleistungen" Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • Mathe-Ma-2013 Anwendungsfach "Wirtschaftswissenschaften" Schwerpunkt "VWL-M II" Modul "International Capital Movements: Theory and Econometric Evidence " 1.-4. FS, Wahlpflicht
  • MuU-Ma-2013 Wahlpflichtbereich II Wahlpflichtbereich II B.: Märkte und Unternehmen aus Marktperspektive Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • VWL-Ma-2009-V2013 Wahlpflichtbereich I Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • WiMathe-Ma-2013 VWL-M II Modul "International Capital Movements: Theory and Econometric Evidence " 1.-4. FS, Wahlpflicht
Vorlesung: International Capital Movements: Theory and Econometric Evidence (WIWI‑C0808)
Name im Diploma Supplement
International Capital Movements: Theory and Econometric Evidence
Anbieter
Lehrperson
SWS
2
Sprache
englisch
Turnus
Sommersemester
maximale Hörerschaft
16
Erläuterung zum unregelmäßigen Turnus
das Modul wird regulär jedes SS angeboten, fällt aber im SS 2017 einmalig aus
empfohlenes Vorwissen

See lecture.

Abstract

The tutorial class provides students with practical knowledge about the econometric analysis of the determinants of international capital movements, of the determinants describing exchange rate movements, and of the functionality of international financial markets.

Qualifikationsziele

Students

  • are able to verify the models empirically
  • are in a position to interpret estimation results and analyze them critically
  • have learned how to implement empirical studies independently. Due to the close link between theory and practice in the tutorial class, students are also well-prepared to meet a wide range of requirements of professional practice
  • can evaluate scientific studies accurately and are in a position to identify starting points for their own empirical research
  • are proficient in the econometric methods necessary to evaluate relevant economic models and are able to apply these methods independently as well as to identify their weaknesses
Lehrinhalte

See lecture.

Literaturangaben

See lecture.

didaktisches Konzept

The lectures are complemented by a practical, computer-based tutorial class that makes frequent use of econometric software, in particular Econometric Views (EViews). Thereby, various techniques of econometric analysis are employed. By utilizing the original datasets taken from scientific literature and from studies conducted by the German central bank, empirical results are replicated and subjected to a sensitivity analysis with respect to their content and methodology. Besides imparting fundamental theoretical and empirical knowledge, the main goal of the course is to introduce students to conducting their own scientific research in the field of international capital movements. Finally, students are taught how to work with scientific analysis software.

Hörerschaft
  • BWL-EaF-Ma-2015 Wahlpflichtbereich Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • ECMX-Ma-2019 Wahlpflichtbereich Bereich Economics Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • LA-gbF-kbF-BK-Ma-2014 Masterprüfung in der kleinen beruflichen Fachrichtung Finanz- und Rechnungswesen, Steuern Profil "Finanzdienstleistungen" in der kleinen beruflichen Fachrichtung Wahlpflichtbereich im Profil "Finanzdienstleistungen" Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • Mathe-Ma-2013 Anwendungsfach "Wirtschaftswissenschaften" Schwerpunkt "VWL-M II" Modul "International Capital Movements: Theory and Econometric Evidence " 1.-4. FS, Wahlpflicht
  • MuU-Ma-2013 Wahlpflichtbereich II Wahlpflichtbereich II B.: Märkte und Unternehmen aus Marktperspektive Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • VWL-Ma-2009-V2013 Wahlpflichtbereich I Modul "International Capital Movements: Theory and Econometric Evidence " 1.-3. FS, Wahlpflicht
  • WiMathe-Ma-2013 VWL-M II Modul "International Capital Movements: Theory and Econometric Evidence " 1.-4. FS, Wahlpflicht
Übung: International Capital Movements: Theory and Econometric Evidence (WIWI‑C0809)
Modul: International Capital Movements: Theory and Econometric Evidence (WIWI‑M0662)