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Syllabus

This document provides an overview of an International Finance course offered during the first semester of the 2011/2012 academic year. The course introduces students to international financial markets and currency systems. It also examines how companies can measure and manage foreign exchange risk exposure. Key topics include currency derivatives, capital budgeting, working capital management, and financing international trade from the perspective of a multinational company. The course aims to help students understand international financial concepts and techniques for managing risks faced by global businesses. It will be taught through lectures and a project, and students will be evaluated based on quizzes, assignments, exams.

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Noviani Mira Sari
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103 views2 pages

Syllabus

This document provides an overview of an International Finance course offered during the first semester of the 2011/2012 academic year. The course introduces students to international financial markets and currency systems. It also examines how companies can measure and manage foreign exchange risk exposure. Key topics include currency derivatives, capital budgeting, working capital management, and financing international trade from the perspective of a multinational company. The course aims to help students understand international financial concepts and techniques for managing risks faced by global businesses. It will be taught through lectures and a project, and students will be evaluated based on quizzes, assignments, exams.

Uploaded by

Noviani Mira Sari
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd

1st Sem.

; 2011/12
SCHOOL OF ECONOMICS, FINANCE AND BANKING COLLEGE OF BUSINESS UNIVERSITI UTARA MALAYSIA COURSE CODE COURSE PRE-REQUISITE Lecturer Angappan Regupathi Puspakaran Kesayan 1.0 SYNOPSIS The course starts with an introduction to the broad issues in international business and financial management. Following this, it explores the international financial markets, including the foreign exchange market. Then, it looks at the various currency systems in the world and examines the factors that influence exchange rates. The parity conditions, theories, that underpin exchange rates are also explained. Here, the conduct of different types of arbitrage is described. Next, the course introduces currency derivatives (futures and options) markets, and explores their use for speculation. Subsequently, the course emphasises the measuring and managing of the three types of foreign exchange exposure. Afterwards, the key components of corporate finance, more specifically, capital budgeting analysis, cost of capital and capital structure, as well as working capital (particularly, cash) management, are reviewed from the perspective of a multinational company. Finally, the course ends with examining the financing of international trade. 2.0 OBJECTIVES At the end of this course, students are expected to: 2.1 understand the different international financial markets, theories that underpin and factors that influence the exchange rate, as well as the various tasks in international financial management. 2.2 know about the types of foreign exchange risks faced by a business and the techniques and strategies that can be used to manage those risks. 2.3 appreciate the complexities for a multinational company in making cost of capital and capital structure, capital budgeting, and working capital decisions, and issues in financing international trade. 3.0 REFERENCES 3.1 Textbook Robin, A. J. (2011). International Corporate Finance. New York: McGraw Hill. 3.2 Supplements Eun, Cheol S., and Resnick, Bruce G. (2009). International Financial Management, 5th ed., New York :McGraw Hill. Eiteman, David K., Stonehill, Arthur I., and Moffett, Michael H. (2009). Multinational Business Finance. 12th ed., Boston: Pearson. : BWFF3043 : INTERNATIONAL FINANCE : BWFF2023 FINANCIAL MANAGEMENT II Room 334 354 Ext. 649 9 696 6 E-mail angappan@ pusp1164@ Group A C B Lecture Sun/Wed, 1400 1530, DKG 6/19 Tue, 1100 1400, DKG 6/16 Mon/Thu, 0930 1100, DKG 6/15

1st Sem.; 2011/12


Madura, Jeff. (2010). International Corporate Finance, 10th ed., Australia: South-Western. Shapiro, A.C. (2010). Multinational Financial Management, 9th ed., Hoboken: John Wiley. 4.0 COURSE CONTENT Chapt er PART 1 1 2 4 5 3 PART 2 6 7 PART 3 8 10 11 13 Content INTERNATIONAL FINANCIAL ENVIRONMENT Introduction International Financial Markets Currency Systems and Valuation Currency Parity Conditions Currency and Eurocurrency Derivatives MANAGING FOREIGN EXCHANGE RISK Currency Risk Exposure Measurement Currency Exposure Management INTERNATIONAL FINANCIAL MANAGEMENT Capital Budgeting Long-Term Financing Optimising and Financing Working Capital International Trade TOTAL 5.0 TEACHING AND LEARNING STRATEGY This course would be taught in English. Teaching would mainly be lecture-based (instructor-led). It is necessary for the students to have the textbook. Apart from these, students would also be able to learn about the practical side of international finance by working on the project paper. 6.0 COURSE EVALUATION Quizzes Project paper Mid-Semester Test Final Examination Total 10% 20% 30% 60% 40% 100% Hou rs 21.0 3.0 4.5 3.0 6.0 4.5 9.0 4.5 4.5 12.0 4.5 3.0 3.0 1.5 42.0

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