講義名 国際金融論（英）Ⅰ　≪□第一部≫
講義開講時期 前期
曜日･時限 火４
単位数 2

担当教員
氏名
黒沢　義孝

学習目標(到達目標) The goal of this lecture is to understand basic theories and practices on “foreign exchange rates and some other articles”, and to learn a presentation about what students have learned from this subject.
授業概要(教育目的) International Finance has become complicated due mainly to the increased international capital mobility and globalization in the world economy. The lecture focuses on the mechanism and determinants of foreign exchange rates in the global economy.
授業計画表
 
回項目内容
第1回Introductory GuidanceNecessities and recommended items for this class are explained
Be strongly advised to read through the Power Point handouts and to prepare the homework for the lecture in advance.
第2回Determination of Foreign Exchange Rates (1)Basics of foreign exchange rates (1)
History of exchange rates of ¥ since 1874, and $, ¥, Euro, Yuan, Won, BRICs currencys are to be lectured
第3回Determination of Foreign Exchange Rates (2)Basics of foreign exchange rates (2)
Mechanism of foreign currency transactions such as spot & future transactions, demand & supply of foreign currency, fixed rate & floating rates, advantage & disadvantage on fixed and floating system is to be lectured.
第4回Determination of Foreign Exchange Rates (3)Interest rates and Foreign exchange rates
Interest rate parity hypothesis, flow approach, elasticity approach, absorption approach are to be lectured.
第5回Determination of Foreign Exchange Rates (4)Purchasing power parity hypothesis
Mechanism, history of the invention, and exercise of Purchasing power parity hypothesis are to be lectured,
第6回Determination of Foreign Exchange Rates (5)Foreign exchange rates in the short run
Random walk hypothesis, and asset approach as overshooting model and portfolio approach, and gold standard system are to be lectured, and some culculation exercise are planned.
第7回Student Presentation (1)about Foreign Exchange Rates
第8回Student Presentation (2)about Foreign Exchange Rates
第9回Student Presentation (3)about Foreign Exchange Rates
第10回Student Presentation (4)about Foreign Exchange Rates
第11回Research Paper Reading (1)Topics will be presented to the students in advance
Students are strongly advised to read the paper on Interest Rate Parity Hypothesis in advance.
第12回Research Paper Reading (2)Topics will be presented to the students in advance
Students are strongly advised to read the paper on Purchasing Power Parity Hypothesis in advance.
第13回Debate between studentsabout Research Paper Readings
Students are strogly advised to prepare the topics to debate on at least one hypothesis of foreign exchange determinat theory in advance.
第14回Making sure of Student Understanding for this courseSummarizing the points of this course
Students are strongly advised to prepare questions on foreign exchange rate which had been lecured in the class
第15回Summarizing the contents for this courseSummary for all this subject
授業形式 Determination of Foreign Exchange Rates, and paper readings will be studied. Student presentation and debates are planned in order to enhance understanding the contents and expressing opinions in English.
評価方法
定期試験 レポート 小テスト 講義態度
（出席） 		その他 合計
0% 0% 50% 40% 10% 100%
評価の特記事項 Presentations are the most important points for grading.
テキスト Copies and materials regarding to the lecture are to be handed out during the class.
参考文献 (1) R. Caves, J. Frankel and R. Jones, “World Trade and Payments: An Introduction” 9th edition.
(2) Peter Isard, “Exchange Rate Economics”, Cambridge Surveys of Economic Literature.
オフィスアワー(授業相談) Tuesday 12:10-13:00
事前学習の内容など，学生へのメッセージ Hearing, writing and speaking ability in English are expected to preferably be higher than average.