International Finance
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- - Understand that an exchange rate is the price of a currency.
- - Know the forces that operate on the demand side of the foreign exchange market.
- - Know the forces that operate on the supply side of the foreign exchange market.
- - Understand how supply and demand interact to determine the equilibrium exchange rate.
- - Understand the essential aspects of balance-of-payments accounting.
- - Be able to demonstrate graphically the forces that cause a currency to appreciate or depreciate.
- - Understand why there is resistance to exchange-rate changes.
- - Be able to describe several exchange-rate systems and their consequences.
- - Understand the macroeconomic and microeconomic consequences of exchange-rate movements.
- - Be able to describe a balance-of-payments problem.
- - Be aware of the recent history of currency bailouts.
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