1 Eco : International Finance, Prof..Michael Connolly, Kimmel Center, NYU, 60 Washington Square South, New York, NY ● Course objective: To learn international finance and its application to business practice and economic policy. ● Description: International Business Finance provides a working knowledge of international monetary and financial issues, theories, concepts and practice. The first part of the course examines the mechanics of the foreign exchange market, reviewing spot, forwards, futures and options. The second part of the course constructs the four building blocks of international finance: interest rate parity (covered and uncovered interest rate arbitrage), purchasing power parity, the international Fisher - expectations -effect, and asset market equilibrium (money market and exchange market equilibrium). The role of the money supply in exchange rate and price level determination is stressed. In the third part of the course, currency risk management and instruments are explored in detail. The fourth and concluding part of the course reviews international scams and swindles, including pyramid schemes. Business plans and cases will be covered. ● Instructor: Michael Connolly ● Department Economics ● Textbook: Michael Connolly, International Business Finance ISBN Routledge, NY and London © Paperback ISBN: (retail price $48.58, available on Amazon.com). ● Outline of topics Introduction to International Money and Finance History of Money and Finance The Foreign Exchange Market Hedging Foreign Exchange Risk International Financial Management Financial Scams and Swindles ● Course meetings: Time: ● 10:00am-12:00pm T-R Dates:● January 14, 2010–March 5, 2009 Mid-term exams: ●TBA Final exam: ● March 4, 2009 Note: No exams may be dropped, and the final exam is mandatory.

2 ● Grading: there are three examinations, each counting one-third of your grade. Grading policy will be discussed in class. About the instructor ● Education Ph.D., Economics, University of Chicago, 1969 B.A., Economics, Phi Beta Kappa, UC Berkeley, 1964 ● Current Positions Professor, Department of Economics, University of Miami Professor of Finance, Hunan University, Changsha, P.R. of China Editor-in-Chief, Journal of Economic Policy Reform, a Routledge journal since ● Experience Previously taught at Harvard University ( ), Columbia University ( ), Duke University (2005), Université de Paris-Dauphine, Paris, France ( ), Université de Cocody, Abidjan, Ivory Coast ( ), and Université de Yaoundé, Cameroon ( ), Hunan University Author of over 50 published articles and 7 books, including International Business Finance, Routledge, London 2007 and International Financial Management (in Chinese))Peking University Press, Consultant to the World Bank on trade, finance, and lending: Uzbekistan, , Mongolia, , Ghana, 1992, Kenya, 1992, Paraguay, 1991, Sénégal, 1991, Perú, 1991, Uruguay, , Cameroon, , Ecuador, , Argentina, , Sovereign bond consultant, UBS Warburg (now UBS Wealth Management): , Stamford, CT. ● Honors and Awards Winner of 3 Excellence in Teaching awards. Honorary Doctorate, Universidad Norbert Wiener, Lima, Perú. Fulbright Teaching Awards: Instituto Tecnológico Autónomo de México, 1985 (in Spanish). Instituto de Economía de Montevideo, Uruguay, 1991, Instituto de Economía de Lisboa, Portugal, Eco : International Finance