International Finance (in English)

Universidad Pablo de Olavide

Course Description

  • Course Name

    International Finance (in English)

  • Host University

    Universidad Pablo de Olavide

  • Location

    Seville, Spain

  • Area of Study

    Finance, International Studies

  • Language Level

    Taught In English

  • 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.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Course Description
    This course will explore the world of international finance including the dynamics of exchange rates, foreign investment, and how these affect international trade. It also includes a brief introduction to the study of futures, options and currency swaps.

    Course Goals and Methodology
    The main purpose of this course is to introduce students to the complex world of International finance. The methodology of the course will be based on slides summarizing key concepts, problem sets with practical application of financial theory and quizzes that check student’s understanding of key concepts presented.

    The first part of this course is dedicated to establishing that a global marketplace exists and in order to be competitive you must be an active participant. Various risks that need to be considered when doing international business and the major difference between domestic and international finance. Later, the history of today’s international monetary systems, its major players and the current exchange rate regimes that exist today will be presented. The current market for foreign exchange will be introduced and students will learn to read and interpret currency quotes, translate quotes and manipulate currency exchange rates to create arbitrage opportunities.

    Finally, futures contracts and forecasting future exchange rates will be introduced along with a discussion of various economic theories including:
    1) Purchasing Power Parity,
    2) the Fischer Effect, and
    3) the International Fischer Effect.
    The course will conclude with a brief introduction to the derivatives market including futures and options.

    Learning Objectives
    At the conclusion of this course students will:
    1. Learn and understand the terminology used in international finance (futures, forwards, arbitrage, inflation, options, etc.)
    2. Demonstrate knowledge and ability to forecast currency future values and properly access whether the currency is over/undervalued and why.
    3. Demonstrate ability to analyze and evaluate both international financial borrowing and investment opportunities.
    4. Analyze and evaluate hedging opportunities, making and receiving international payments, and evaluating transactions in both dollar and foreign currency terms.

    Course Requirements and Grading
    Your final grade will be calculated according to the following:
    Midterm Exam 20%
    Final Exam 30%
    Final Project 35%
    In-class participation 15%

    Course Content 
    Chapter 1. Globalization and the Multinational Firm.
    Chapter 1 David Ricardo’s Comparative Advantage Theory.

    Chapter 2. The International Monetary System
    Chapter 3. The Market for Foreign Exchange
    Chapter 4. International Parity Relationships & Forecasting Foreign Exchange Rates
    Chapter 5. Futures and Options on Foreign Exchange (Brief Introduction)

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations


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