4 Credit Hours
This course analyzes the nature and effects of financial arrangements on capitalist economies operating in an international context. It deals primarily with international financial arrangements. More specifically, International Finance studies the effects of domestic and international banking, finance, foreign direct investment and macroeconomic policy and institutions on capital accumulation, unemployment, inflation, income distribution and class conflict in capitalist economies including the rich, poor and semi-industrialized countries. The course will also survey some relevant economic theories which have tried to understand the operation and implications of these international arrangements. Topics to be discussed will include foreign exchange markets, international financial markets, international banking, currency derivative markets, euro-markets, risk management, and investment decisions in the global marketplace.