Foreign Exchange Markets: Theory & Pract

This course is designed to give students an understanding of the structure of the foreign exchange market – the world’s largest market by turnover – the theoretical basis for currency movements, market drivers and the interaction of foreign exchange and macro policy. At the end of the course, students will be familiar with the trading conventions and uses of the primary transaction vehicles – spot, forwards and options - a basic understanding of modeling and forecasting exchange rates, how currency affect and can also be used as an investment vehicle, pitfalls of currency exposure and the nature of currency crises. Case studies will focus on current exchange rate issues including regime changes, digital and crypto use. Course projects will be designed to give students some perception of the challenges faced by foreign exchange market professionals and topics of particular interest at the academic and professional level.