• Having been part of the “International Guest Lectures“ lecture students will have anindepth understanding of emerging market specifics and Global Financial Institutions
• They understand how to identify imbalances in external payments, trade, capitalmovements and foreign debt
• They develop competencies how international financial instabilities can be overcome byfiscal and monetary policy instruments
• They know the specifics of important regional financial markets

World Economic Outlook
Introduction:
• Foundations: An Overview of the Global Economy in the Last 50 Years
• Putting Global Economic Growth into a Perspective:
• Financial Crisis and Economic Output:
• Inflation, Deflation and Commodity Prices
• Policy Response and Implications
Fiscal and Monetary Policy
• Fiscal Policy
• Monetary Policy, Financial Markets and Flow of Funds
• Case Studies: US, Japan, Euro Area, China, Brazil
External Payments, Trade, Capital Movements and Foreign Debt
• Global Imbalances:
• Global Financial Crisis and Trade:
• Global Capital Flows
• Investment and Growth
• Case Studies: US, Japan, Euro Area, China, Brazil, India, Turkey

• Classroom sessions: Text book and article based presentations, discussion andexplanations
• Case Studies: Applying the learned concepts and tools on regional capital marketperspectives
• E-Learning concepts
• Presentations by students

• Tbd in detail by individual lecturer
• Stephen Pruitt (UMKC): “Central Bank Policy and Global Capital Markets” (incl. IMF globaloutlook)
• Stephen Pruitt (UMKC): “Corporate Governance and International Business” and “Non-Profit and Finance”
• IMF and World Bank reports and research papers

6 ECTS x 30 hours = 180 hours,  combined out of the following:

• Course attendance: 15 weeks* 4 hours = 60 hours
• Preparation / homework / self-study : 15 weeks* 3 hours = 45 hours
• Time for exercises and group work: 15 weeks* 2 hours = 30 hours
• Semester Project/Presentation: 30 hours
• Exam preparation: 30 hours
• Exam time:
• 60 minutes presentation
• 60 minutes written exam
• Weighting in examination:
• Written exam 50 %
• Term paper (incl. presentation) 50%