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Balance of payments and adjustment.
Forex market and determination of the exchange rate.
Theoretical analysis - Mundell-Fleming model.
Monetarist model of exchange rate and balance of payments.
Sticky-price model and portfolio model of the exchange rate.
Principles of foreign exchange policy under various exchange rate regimes.
Bretton Woods system and its demise.
International monetary units - their nature, tasks and significance.
Structure of the present-day international monetary system.
Fragile spots of the system - mechanism of recent currency crises.
IMF and its doctrine, the essence of adjustment programmes.
Current payment imbalances and globalization of the financial markets.
Blueprints for reform of the international financial "architecture".
The Euro, its present and prospective global role.
Poland's road toward membership in the Euro area.
Investment: concept, types, nature of investment process, basics of evaluatio.
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