Course Contents

The Breton woods system, International Monetary Fund (IMF) ; Policies towards third world states, World Bank (WB); Assistance to developing states, General Agreement on Tariff & Trade (GATT), From GATT to WTO, WTO & LDCs, Impact on International Trade, IFI and Globalization

Course Synopsis

This course provides an introduction to the international financial institutions, markets and securities that shapes the foundation of modern financial and monetary systems. This course also introduces some of the main concepts of International Political Economy and provides a sound basis for students progressing to research IPE at higher levels within the University. At the same time, it is a valuable, self-contained and up-to-date overview of international financial markets and institutions.

Course Learning Outcomes

On successful completion of this course, students will be able to: Identify and explain the main functions of the principal financial markets and institutions in a typical modern financial system. Identify the objectives of monetary policy, and to describe both orthodox and unconventional approaches used around the world to monetary policy implementation.