International Finance

Queensland University of Technology

Course Description

  • Course Name

    International Finance

  • Host University

    Queensland University of Technology

  • Location

    Brisbane, Australia

  • Area of Study

    Finance

  • Language Level

    Taught In English

  • Prerequisites

    EFB201 and EFB210

  • Course Level Recommendations

    Upper

    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

  • Credit Points

    12
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Synopsis:
    This unit examines the theory and practice of international finance, including the mechanics and uses of the spot, forward, swap, futures and options markets in foreign exchange; the relationship between domestic and international capital markets; interest rate and exchange rate determination; risk management of foreign exchange; international trade finance; evaluation of offshore investment.
    Learning Outcomes
    Upon completion of this unit, you should be able to:
    1. Demonstrate and apply knowledge of markets, products, and theories for problem solving and decision making in response to financial management issues that arise in international settings
    2. Demonstrate information literacy, written communication and data synthesis skills to explain and justify information, theories, data and thinking relating to exchange rate forecasting
    3. Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice
    4. Apply knowledge of socially responsible financial decisions and actions in analysing and addressing financial issues
    Content
    Students will learn about the history of exchange rate regimes and markets. In addition the will develop knowledge and skills required to calculate and understand current and expected foreign exchange rates, the workings of currency derivatives, the effect of changing exchange rates on firm value, the benefits of international investing and international investment risks. Furthermore, students will explore why companies expand internationally and where they get their funding from, and will gain brief introductions to international working capital management and corporate governance.
    Approaches to Teaching and Learning
    Each session will consist of approximately two hours of lecture and one hour of tutorial/workshop. Lectures will focus on providing core theoretical and conceptual frameworks that are essential in the analysis of international financial issues. The tutorials/workshops provide the opportunity to solve certain practical as well as theoretical questions, which test students' understanding of the theories and concepts addressed during the lecture. The tutorials/workshops will also provide students with the opportunity to analyse cases that illustrate the application of international finance theories to the real world and to develop problem solving and decision making skills. Resources including copies of overheads for each lecture topic, tutorial questions and solutions are provided on the unit's Blackboard site.
    Assessment
    Assessment name: Mid-Semester Examination
    Description: Multiple choice tests covering Topics 1 to 5
    Length/Duration: 1 hour plus 15 minutes perusal
    Formative or Summative: Summative and Formative
    Relates to objectives: 1
    Weight: 30
    Internal or external: Internal
    Group or individual: Individual
    Due date: Week 7
    Assessment name: End of Semester Examination
    Description: Short answer questions covering materials from all topics.
    Length/Duration: 2 hours plus 10 minutes perusal
    Formative or Summative: Summative
    Relates to objectives: 1 and 4
    Weight: 50
    Internal or external: Internal
    Group or individual: Individual
    Due date: Central Exam Period
    Assessment name: Report
    Description: Aseessment item No:1 Assessment type:Report Assessment name:Currency Forecasting Using current and historical exchange rates and economic data students must forecast an exchange rate. The objective of this assessment item is not the accuracy of the forecast. Instead, the objective is to assess students' ability to justify the forecast using knowledge, research skills, and data synthesis and also to assess self-reflection in applying financial knowledge and reasoning.
    Length/Duration:1500 words
    Formative or summative: Summative and Formative
    Relates to objectives: 1, 2 and 3
    Weight: 20
    Internal or external: Internal
    Group or individual: Individual
    Due date: Week 9

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.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.