The American Business School Paris
Area of Study
Finance, Peace and Conflict Studies
Taught In English
FINC 215 or its equivalent
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
COURSE DESCRIPTION :
The course is a study of the global financial environment from the point of view of the multinational enterprise. The course covers the global financial environment, foreign exchange theory and markets, foreign exchange exposure and the financing of the global firm. With the rapid globalization of the world economy, the managers of a firm have to understand that their decisions will be greatly influenced by variables such as exchange rate policies, trade policies, international accounting standards, etc. The goal of this course is to help students understand how the managers of a firm function in this increasingly uncertain environment. This course will focus on four main areas of international finance: (1) key economic theories, (2) financial instruments for risk management, (3) exchange risk management, and (4) international financing and investment issues
INSTRUCTIONAL METHODOLOGY :
The course consists of class lectures, individual/group case analysis presentations and tests. Will be covered in class :
- Corporate ownership and international financial challenges
- International monetary system
- Balance of Payments
- Foreign currency markets
- International parity conditions, pass-through
- Currency derivatives
- Interest rate risk and hedging
- Transaction, operational and translation exposure and hedging
- Raising debt and equity in international markets
Eiteman/Stonehill/Moffett, Multinational Business Finance
The final grade will be made up of a class participation (20%), 2 mid-terms (25% each), a final examination (40%).
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.