Durham University
Programme and Module Handbook

Postgraduate Programme and Module Handbook 2007-2008 (archived)


Department: Economics, Finance and Business (Business)


Type Tied Level 4 Credits 15 Availability Available in 2007/08
Tied to N1D317
Tied to N1D217
Tied to N1D314


  • None.


  • None.

Excluded Combination of Modules

  • None.


  • To provide a rigorous grounding in the theory and applications of international finance, including exchange rate theory and a thorough analysis of the most important issues in risk sharing across international financial markets. Both theoretical and applied aspects of international finance are examined.


  • Basic Issues in Exchange Rate Economics
  • Purchasing Power Parity (PPP)
  • Models of exchange rate determination
  • Exchange Rates and Macroeconomic Policy
  • Optimal International Portfolio Construction
  • International Portfolio Diversification
  • Asset Pricing and International CCAPM (Consumption-based Capital Asset Pricing Model)

Learning Outcomes

Subject-specific Knowledge:
  • By the end of this module, students will have:
  • acquired advanced knowledge and understanding of essential components of modern international finance theory and associated current literature.
Subject-specific Skills:
  • By the end of this module, students will have:
  • had the opportunity to apply problem solving and analytical skills to issues in international finance;
  • had the opportunity to practise the application of concepts in international finance theory to applied issues.
Key Skills:

    Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

    • The module is delivered in discrete Units. These are designed to enable the learning outcomes to be achieved through a combination of specially written material, directed reading, reflection through self-assessed assignments and guidance for further reading. Module tutors provide feedback on formative work and are available for individual consultation as necessary (by email, telephone, post or fax).
    • The written assignment will test students’ understanding of relevant concepts and their ability to apply and interpret what they have learned to the analysis of a particular issue in depth.

    Teaching Methods and Learning Hours

    Activity Number Frequency Duration Total/Hours
    D L Study Units (a combination of specially written material, directed reading, self-assessed assignments and guidance for further reading) 150
    Total 150

    Summative Assessment

    Component: Written Assignment Component Weighting: 100%
    Element Length / duration Element Weighting Resit Opportunity
    Written Assignment 4,000 words maximum 100%

    Formative Assessment:

    Individual written assignment of 1000 words (maximum).

    Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University