Module overview
This module deals with finance in an international context. This includes spot and the forward exchange rates, the operation of common currency systems and also international cultural differences which affect the way business is governed.
Aims and Objectives
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- how the exchange rate system operated during the different regimes
- determinants of foreign exchange rate and interpret the impact of economic events on foreign exchange rate
- forecasting foreign exchange rates with international parity conditions
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- demonstrate competence generally in numerical analysis and problem solving
- demonstrate effective written communication
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- demonstrate competence in the analysis of, and quantitative calculations relating to, international finance
- demonstrate key understanding of international finance and the risk involved in conducting financial transactions across borders
Syllabus
Foreign Exchange Markets
Balance of Payment
Interest Rate Parity
Purchasing Power Parity
International Equity and Debt Markets
International CAPM
Cross-border Valuation
Learning and Teaching
Teaching and learning methods
Weekly lectures will provide an overview of the main issues arising in the module.
Weekly classes will supplement the lectures which will support student learning by providing opportunities for students to attempt, and gain feedback on, numerical and problem-solving exercises. Students will also have the opportunity for both directed and non-directed independent reading.
Type | Hours |
---|---|
Tutorial | 10 |
Preparation for scheduled sessions | 10 |
Revision | 40 |
Lecture | 24 |
Wider reading or practice | 20 |
Follow-up work | 46 |
Total study time | 150 |
Resources & Reading list
Textbooks
Sercu, P. (2009). International Finance: Theory into Practice. Princeton University Press.
Bekaert, G. J., and R. J. Hodrick (2011). International Financial Management. Pearson Education.
Eun, C. S., and B. G. Resnick (2012). International Financial Management. McGraw Hil.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Multiple choice Test
- Assessment Type: Formative
- Feedback: Feedback will be provided in the session.
- Final Assessment: No
- Group Work: No
Summative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Method | Percentage contribution |
---|---|
Examination | 100% |
Repeat Information
Repeat type: Internal & External