Finance Basics

A) The Managing Director of Investments Worldwide, an international investment company investing on behalf of large institutions, wants to know more about the role of the IMF. She (Mrs Wyre) has asked you to prepare a 1,000 word summary of the article by Patrick Conway with particular reference to its relevance for investors in developing countries. She adds: "...please do not start quoting or paraphrasing chunks of the article, otherwise I will read it myself!"

Article: Conway, P. (2006) The International Monetary Fund in a Time of Crisis: a review of Stanley Fisher's essays from a time of crisis: The International Financial System and Development" Journal of Economic Literature, 44,115-144. This article is available via the University SOLAR e-journals site or on the RKC Syllabus page for Unit 3.

Note carefully:
- You are not required to read or quote from any of the cited articles in the paper.
- This is an exercise in your ability to summarise the issues in a way that is relevant to the interests of Investments Worldwide; those interests are to identify short and long term profitable investments.
- Use the lecture slides from the first part of the module to help structure and inform your summary.
(1,000 words)

B) Essay: Evaluate the extent to which the bargaining model can be viewed as a practical implementation of the law of comparative advantage (2,000 words).

- The lecture slides must be used as the basis of your answer.

NOTES

For Part A the grade will be based on:
- The ability to be selective rather than just descriptive.
- The clarity and organisation of the summary
- The use of lecture slide material
- The quality of the interpretation.