1. Economics of International Finance Econ. 315
Chapter 1:
Introduction to the World Economy

2. WHY STUDY OPEN- ECONOMY MACROECONOMICS AND FINANCE ?
- Are we involved with international economics in our daily lives?
- Does the international trade only reflect the international economics?
- How the international finance be a part of the international economics?

3. WHY STUDY EXCHANGE RATE POLICY?
- What is the exchange rate?
- When do we need the exchange rate?
- How the exchange rate policy is important?

4. IS THERE ANY LINK BETWEEN EXCHANGE RATE POLICY & GLOBALIZATION?
- The relationship between international financial markets & exchange rate

5. STUDYING THE ECONOMICS INTERNATIONAL FINANCE
Impact on level of employment
Impact on output
Impact on price level
Impact on balance of payments
Impact on exchange rates