What triggered the 2007 crisis in the financial markets? What exactly is a credit rating, who issues it and how does a rating process take place? On what factors does the exchange rate between the dollar and the euro depend? Is it possible to influence macroeconomic variables such as production through monetary policy? These are questions with which you will deal in the area of specialisation on International Financial Economics. In this module, you will get to grips with the financial markets from both a corporate and a macroeconomic perspective. Mathematical models play an important role here too for describing theories and research questions.
Conditions: Apart from the courses in the foundation programme (especially in mathematics, statistics and economic theory), no particular skills are expected in terms of content. The lecture on Capital Market Theory builds on other courses in this module meaning that you should simply pay attention here to the order in which you attend lectures. You ought to enjoy working with mathematical models and be interested in current and fundamental questions concerning the financial markets.