International Finance

Course aim

International Finance aims to:

• introduce students to the international financial system;
• provide students with an understanding of key parity and arbitrage relationships in international financial markets;
• explain the methods by which foreign exchange risk can be managed; and 
• inform students of issues relevant to the making and financing of foreign investments

Course content

The international financial system, markets and instruments of international finance. Types and characteristics of the key financial markets affecting foreign exchange transactions; the spot, forward, eurocurrency and eurobond markets; the macroeconomic risk environment facing the firm; the impact of economic policy decisions on key international financial variables; the parity conditions; models of the exchange rate.
The identification, measurement and management of international financial risk at the level of the individual enterprise; the distinction between risk management and speculation in international finance; the use of forwards, futures, options, swaps and other derivatives in the risk management process; the foreign investment and financing decision.

Textbook(s)

Moosa I A 2010, International Finance, 3, McGraw Hill, Sydney

Prerequisite(s)

Subject Area & Catalogue Number	Course Name
Group 2
BUSS 5249	Managerial Finance

Corequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
BUSS 5233	Corporate Finance

Teaching method

Component	Duration
INTERNAL, CITY WEST
Seminar	3 hours x 13 weeks
EXTERNAL, CITY WEST, ONLINE
External	N/A x 13 weeks
INTERNAL, OFFSHORE, HONG KONG MANAGEMENT ASSOCIATION
Seminars 15 hours AND online 15 hours equiv.	30 hours equiv. x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment 1 - Practical Exercises / Case Study, Assignment 2 - Practical Exercises / Case Study, Examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.