INTERNATIONAL MACROECONOMY

Course Information
TitleΔΙΕΘΝΗΣ ΜΑΚΡΟΟΙΚΟΝΟΜΙΚΗ / INTERNATIONAL MACROECONOMY
Code12ΥΖ06
FacultySocial and Economic Sciences
SchoolEconomics
Cycle / Level1st / Undergraduate
Teaching PeriodWinter
CoordinatorStefanos Papadamou
CommonYes
StatusActive
Course ID600000345

Programme of Study: UPS School of Economics (2013-today)

Registered students: 107
OrientationAttendance TypeSemesterYearECTS
ECONOMICSCompulsory Course belonging to the selected specialization (Compulsory Specialization Course)746
BUSINESS ADMINISTRATIONElective Courses belonging to the other743
Class Information
Academic Year2025 – 2026
Class PeriodWinter
Faculty Instructors
Weekly Hours4
Class ID
600289394
Course Type 2021
Specialization / Direction
Mode of Delivery
  • Face to face
Digital Course Content
Erasmus
The course is also offered to exchange programme students.
Language of Instruction
  • Greek (Instruction, Examination)
  • English (Instruction, Examination)
Learning Outcomes
The aim of the course is to provide the necessary theoretical background in the scientific field of Open Economy Macroeconomics and to contrast it with reality and current practices in the modern foreign exchange market. By the end of the course, the student will have acquired knowledge and will understand: the difference between a current account deficit and a current account surplus in a country's balance of payments the difference between the real and the nominal exchange rate the determinants of the foreign exchange market the distinction between covered and uncovered interest rate parity the concept of purchasing power parity (PPP) the advantages and disadvantages of different exchange rate systems the basic monetary models the effectiveness of monetary and fiscal policy within the Mundell-Fleming model the causes of currency crises and the policy responses to address them
General Competences
  • Apply knowledge in practice
  • Retrieve, analyse and synthesise data and information, with the use of necessary technologies
  • Make decisions
  • Work autonomously
  • Work in teams
  • Work in an international context
  • Advance free, creative and causative thinking
Course Content (Syllabus)
The external balance (IEC) and the foreign exchange market. The IEC in the context of macroeconomic accounting. II. Exchange rate and IEC. Exchange rates and prices (Purchasing Power Pricing, PPP). Exchange rate systems. III. Financial Account Balance and the interest rate parity (IRP). IV. The monetarist theory of IEC. The portfolio theory of balance of payments. V. The effectiveness of economic policies in small open economy models (Mundel - Fleming) under a regime of fixed and floating rates. VI. Currency crises.
Keywords
Balance of Payments, exchange rates, fiscal and monetary policy
Educational Material Types
  • Notes
  • Slide presentations
  • Multimedia
  • Interactive excersises
  • Book
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Communication with Students
Course Organization
ActivitiesWorkloadECTSIndividualTeamworkErasmus
Lectures1665.9✓
Exams20.1
Total1686
Student Assessment
Description
Written examination in the middle and at the end of the semester
Student Assessment methods
  • Written Exam with Multiple Choice Questions (Formative, Summative)
  • Written Exam with Short Answer Questions (Formative, Summative)
  • Intermediate exam
Bibliography
Course Bibliography (Eudoxus)
1. Gerber James (2018) Διεθνής Οικονομική, Εκδόσεις Broken Hill Publishers Ltd 2. Αντζουλάτος Άγγελος (2019) Κυβερνήσεις, Χρηματαγορές Και Μικροοικονομία, Εκδόσεις Διπλογραφία ΙΚΕ 3. Krugman Paul, Obstfeld Maurice, Melitz Marc (2023)Διεθνής οικονομική, Εκδόσεις Κριτική 4. Καρφάκης Κωνσταντίνος (2022) Διεθνείς Χρηματοοικονομικές Σχέσεις, Εκδόσεις Τζιόλα & Υιοί Α.Ε.
Last Update
08-10-2025