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Course Name (English)
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INTERNATIONAL FINANCIAL MANAGEMENT
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| Course Code |
FIN542 |
| Course Description |
The topics in this course are covered from the perspective of a person who wishes to learn about the financial management of an internationally oriented business. Topics such as international financial system, foreign exchange market operation, and various risks associated and sources of funds in running international operations would be among the topics discussed.
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| Transferable Skills |
Reflective Learner.
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| Teaching Methodologies |
Lectures, Tutorial, Discussion, Presentation |
| CLO |
| CLO1 |
Explain the important concepts and principles of international financial markets (PLO1, C2) |
| CLO2 |
Apply those concepts and principles in relation to foreign exchange market operations and risks at the international level with appropriate strategies (PLO7, C4) |
| CLO3 |
Discuss the knowledge and understanding of international finance in real world events and current issues (PLO4, A3) |
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| Pre-Requisite Courses |
No course recommendations |
| Topics |
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1. Introduction to International Financial Management
1.1) What ‘s Special about International Finance
1.2) Goals for International Financial Management
1.3) Globalization of the World Economy
1.4) Multinational Corporations
1.5) Country Analysis
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2. Balance of Payments
2.1) Balance of Payments Accounting
2.2) Balance of Payments Accounts
2.3) Balance of Payments Trends in Major Countries
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3. International Monetary System
3.1) Evolution of the International Monetary System
3.2) Asian Currency Crisis
3.3) Types of Exchange Rates System
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4. Foreign Exchange Markets
4.1) Exchange rate determinants
4.2) Function and Structure of the Foreign Exchange Market
4.3) The Spot Market
4.4) The Forward Market
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5. Currency Derivatives Markets
5.1) Nature of Derivatives
5.2) Derivative Markets and Instruments
5.3) Currency Futures Markets
5.4) Currency Options Markets
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6. Parity Conditions and Currency Forecasting Techniques
6.1) Arbitrage and Law of One Price
6.2) Interest Rate Parity
6.3) Purchasing Power Parity
6.4) Fisher Effects
6.5) The International Fisher Effect
6.6) Currency Forecasting Techniques
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7. Foreign Exchange Risk/Exposure Management
7.1) Types of risk/exposure
7.2) Managing Transaction Exposure
7.3) Managing Economic Exposure
7.4) Managing Translation Exposure
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8. International Working Capital Management
8.1) Financing in the Short Term
8.2) Costs of financing alternatives (including with tax and without tax situation)
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9. Financing Foreign Trade
9.1) Payment Terms in International Trade
9.2) Documents in International Trade
9.3) Financing Techniques in International trade
9.4) Government sources of export financing and credit insurance
9.5) Countertrade
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| Assessment Breakdown | % |
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| Continuous Assessment | 60.00% |
| Final Assessment | 40.00% |
| Details of Continuous Assessment |
| Assessment Type |
Assessment Description |
% of Total Mark |
CLO |
| Assignment |
Individual Assignment |
20% |
CLO1
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| Group Project |
Currency analysis
Case study |
30% |
CLO3
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| Test |
Test 1 |
10% |
CLO2
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| Reading List | | Reference Book Resources | - Madura, Jeff 2015, International Corporate Finance, 12 Ed., South Western CENGAGE Learning Canada
- Gay, Kolb., (Latest Edition) International Financial Conc, Ed., , Prentice Hall [ISBN: ]
- Cheol S. Eun; Bruce G. Resnick, (Latest Edition). International Financial Man, 0 Ed.
- David K. Eiteman; Arthur I. Stonehill and Mic, (Latest Edition). Multinational Business Fina, Ed., , Pearson [ISBN: ]
- Alan C. Shapiro 2009, Multinational Financial Management, ninth Ed., John Wiley & Sons [ISBN: 9780470450352]
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | This Course does not have any other resources |
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