Queensland University of Technology
Area of Study
Taught In English
PrerequisitesEFB201 and EFB210
Course Level Recommendations
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Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewSynopsis: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 OutcomesUpon completion of this unit, you should be able to:
ContentStudents 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 LearningEach 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.AssessmentAssessment name: Mid-Semester ExaminationDescription: Multiple choice tests covering Topics 1 to 5Length/Duration: 1 hour plus 15 minutes perusalFormative or Summative: Summative and FormativeRelates to objectives: 1Weight: 30Internal or external: InternalGroup or individual: IndividualDue date: Week 7Assessment name: End of Semester ExaminationDescription: Short answer questions covering materials from all topics.Length/Duration: 2 hours plus 10 minutes perusalFormative or Summative: SummativeRelates to objectives: 1 and 4Weight: 50Internal or external: InternalGroup or individual: IndividualDue date: Central Exam PeriodAssessment name: ReportDescription: 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 wordsFormative or summative: Summative and FormativeRelates to objectives: 1, 2 and 3Weight: 20Internal or external: InternalGroup or individual: IndividualDue date: Week 9
- 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
- Demonstrate information literacy, written communication and data synthesis skills to explain and justify information, theories, data and thinking relating to exchange rate forecasting
- Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice
- Apply knowledge of socially responsible financial decisions and actions in analysing and addressing financial issues
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.