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Module Descriptor
International Finance
Module Code: AFE7024-A
Academic Year: 2017 - 18
Credit Rating: 10
School: School of Management
Subject Area: Accounting, Finance and Economics
FHEQ Level: FHEQ Level 7 (Masters)
Module Leader: Dr Georgios Magkonis
Additional Tutors:
Pre-requisites:
Co-requisites:
Contact Hours Type Hours Lectures 12 Tutorials 12 Directed Study 74. Examinations 1. Availability Periods Occurrence Code Location/Period MSA Management Development Institute of Singapore (MDIS) / Semester 1 (Sep - Jan) MSA Management Development Institute of Singapore (MDIS) / Semester 2 (Feb - MSA May)Management Development Institute of Singapore (MDIS) / Semester 3 (June - HKA Oct)Resource Development International (RDI), Hong Kong / Semester 1 (Sep - Jan) HKA Resource Development International (RDI), Hong Kong / Semester 2 (Feb - May) HKA Resource Development International (RDI), Hong Kong / Semester 3 (June - Oct) BDA University of Bradford / Full Year (Sept - Aug) BDA University of Bradford / Semester 1 (Sep - Jan)
BDA University of Bradford / Semester 2 (Feb - May) BDA University of Bradford / Semester 3 (June - Oct) Module Aims International Finance develops a critical understanding of global financial markets, international portfolio management and reviews different ways of financing multinational organisations Outline Syllabus The spot foreign exchange market; The links between exchange rates and macroeconomics; The predictability of FX and the apparent excess volatility of FX; The foreign exchange derivative market; Foreign exchange risk management; Pricing foreign exchange derivatives; International Capital Budgeting, Project Financing and Acquisition Decisions; Financing with International Bonds, Equity and Hybrids; Cost of Capital; Swap Financing Techniques; International Portfolio Management Module Learning Outcomes On successful completion of this module, students will be able to... 1 1.1 understand the institutional structure and behaviour of international currency markets 1.2 have become familiar with ways of managing foreign exchange risk 1.3 be able to extend the key theories and techniques of corporate finance and portfolio management into an international environment 2 2.1 describe the factors that affect foreign exchange rates and critically comment on the efficiency of foreign exchange markets 2.2 make portfolio allocation, capital budgeting and financing decisions for the multinational organisation 2.3 discuss the main strategic and derivatives-based strategies that the multinational organisation can use to manage foreign exchange risk 3 3.1 deal with complex issues systematically; 3.2 to acquire and analyse data and information and evaluate its relevance and validity; 3.3 further develop teamworking skills. Learning, Teaching and Assessment Strategy There will be a 1 hour staff-led lecture each week followed by a 1 hour student-led seminar. Lectures will cover core theory and empirical evidence. In the seminars students will be asked to present solutions to pre-prepared numerical exercises. The individual assignment will enable students to work through a more complex application of the material, usually through the use of a case study. The same assignment has to be resubmitted at supplementary level. The resubmission has to take into account the comments that student received in the first submission. Mode of Assessment
