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This module is not currently running in 2023 to 2024.
This module analyses the key financial decisions made by multinational companies (MNCs) and provides international perspectives to financial problems facing multinational corporations. It examines topical areas, such as international financial environment; international money and capital markets; analysis of foreign exchange risk exposure. It also covers the international monetary system, and the coordination of international economic policy.
Topics that may be covered are:
• Multinational Financial Management
• International Financial Markets
• Exchange Rate Determination
• Government Influence to Exchange Rates
• International Arbitrage and Interest Rate Parity
• Relationships among Inflation, Interest Rates, and Exchange Rates
• Forecasting Exchange Rates
• Measuring Exposure to Exchange Rate Fluctuations
Total contact hours: 36
Private study hours: 114
Total study hours: 150
Main assessment methods:
Individual Report (2000 words) (40%)
Examination, 2 hour (60%).
Reassessment method:
100% Exam
Copeland, L. (2008) Exchange Rates and International Finance, 5th edn., Prentice-Hall
Krugman, P. and Obstfeld, M. (2008) International Economics: Theory and policy, 8th Edn., Pearson
Madura, J. (2008) International Corporate Finance, 9th Edition, Thomson South Western.
Melvin, M. (2003). International Money and Finance, 7th Edn., Pearson
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate an understanding of the rationale underlying key International Finance models.
- Apply skills of modelling macroeconomic variables in International Finance.
- Demonstrate an understanding of key foreign exchange parity relationships and their relevance to the management of exchange rate risk.
- Demonstrate an understanding of the role of international currency markets in the determination of economic outcomes.
- Analyse events within the international monetary system and critically assess potential response policies.
- Develop some of the concepts and principles introduced in Foundations of Finance and Quantitative Methods.
- Apply quantitative techniques for solving problems within the context of international money markets.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Analyse, compare, discuss, critically evaluate evidence and hypothesis. To structure, develop and defend complex arguments orally and in writing.
- Plan work, use relevant sources and study independently.
- Ensure appropriate formats are selected for presentation of work, which includes the acknowledgement and reference of sources.
- Analyse structured and unstructured problems.
- Communicate using both qualitative and quantitative information.
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