International Finance

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

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 key understanding of international finance and the risk involved in conducting financial transactions across borders
demonstrate competence in the analysis of, and quantitative calculations relating to, international finance

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

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.

Study time
Type	Hours
Revision	40
Wider reading or practice	20
Follow-up work	46
Tutorial	10
Preparation for scheduled sessions	10
Lecture	24
Total study time	150

Resources & Reading list

Textbooks

Eun, C. S., and B. G. Resnick (2012). International Financial Management. McGraw Hil.

Bekaert, G. J., and R. J. Hodrick (2011). International Financial Management. Pearson Education.

Sercu, P. (2009). International Finance: Theory into Practice. Princeton University Press.

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.

Breakdown
Method	Percentage contribution
Examination	100%

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Breakdown
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.

Breakdown
Method	Percentage contribution
Examination	100%

Repeat Information

Repeat type: Internal & External