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Emerging Markets (19BBA60016)

General information

Type:

OP

Curs:

2,3

Period:

S semester

ECTS Credits:

2 ECTS

Teaching Staff:

Group Teacher Department Language
Carolina Villegas Sanchez Economía, Finanzas y Contabilidad ENG

Group Teacher Department Language
Ed: 2 Carolina Villegas Sanchez Economía, Finanzas y Contabilidad ENG

Prerequisites

The lectures assume at least a cursory knowledge of international macroeconomics: either from ECON III, or other equivalent course at your university. There is no formal prerequisite for the course, but if you do not have any background in this area, plan extra time to learn basic terminology.

Previous Knowledge

The lectures assume at least a cursory knowledge of international macroeconomics?either from ECON III, or other equivalent course at your university. There is no formal prerequisite for the course, but if you do not have any background in this area, plan extra time to learn basic terminology.

Course Learning Objectives

This course provides in-depth analyses of major economic challenges facing emerging markets. The objective is to provide students with limited previous exposure to the subject with a basic conceptual framework and practical knowledge regarding investments and macroeconomic conditions in emerging markets. The course covers the essential elements of investment decisions in emerging markets as well as basic institutional and macro policy issues affecting emerging markets.

CONTENT

1. Main Drivers of Economic Development

2. Financial Globalization: Determinants and Impact of Capital Flows to Emerging Economies

3. Exchange Rate Crises: Mexican Peso Crisis

4. Financial Liberalization and Speculative Bubbles: The Asian Crisis

5. Contagion and the Role of Banks

6. Deficits and Debt: Sustainability and Solutions

7. Poverty and Inequality

Relation between Activities and Contents

1 2 3 4 5 6 7
Group Activity (Presentation and/or Report)              
Exam              
Class Participation              

Methodology

The sessions will be divided between lectures, article presentations and Harvard cases.

ASSESSMENT

ASSESSMENT BREAKDOWN

Description %
Group Activity (Presentation and/or Report) 30
Exam 60
Class Participation 10

Assessment criteria


The assessment of the course will be based on:
- individual written exam (60%)
- class participation (10%)
- group work (30%): presentation and/or written assignment which might for example involve the analysis of current events or the analysis of a macroeconomic challenge facing a country. The aim of this exercise will be to apply the lessons and models from class to a country today.

A minimum of 80% attendance to class is required to be able to pass the course

Bibliography

Feenstra and Taylor (2012): International Macroeconomics. Textbook background on most issues in class.
The reading list includes books, academic papers and research reports produced by private and public sector entities as well as Harvard cases.

Timetable and sections

Group Teacher Department
Carolina Villegas Sanchez Economía, Finanzas y Contabilidad

Timetable

Group Teacher Department
Ed: 2 Carolina Villegas Sanchez Economía, Finanzas y Contabilidad

Timetable Ed: 2