The primary aim of this course is to shed light on financial aspects of international economic relations. Financial liberalization both at the national and international level signified the last phase of globalization. In this course, both financial liberalization and the strategies of various actors embedded in this process will be analyzed in the light of recent theories.

This course introduces the students to the basics of the international monetary theory. It analyzes the relationships between economic indicators and international transactions from a macroeconomic perspective. This course is built on three main topics. First part consists of the basics of international monetary economics; in the second part emphasis will be on macroeconomic policies in an open economy framework; and international monetary agreements will be analyzed in the last part of the course. Other topics include balance of payments, foreign exchange markets, international financial markets and instruments, fixed and flexible exchange rate regimes, and international monetary systems.