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Area/Catalogue
BANK 3011

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Course Level
Undergraduate

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Offered Externally
Yes

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Course ID
153482

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Unit Value
4.5

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University-wide elective course
No

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Timetable/s

Second Semester
(Study Period 5)
Course owner

Course owner
School of Commerce

Course aim

International Currency and Banking Markets aims to: 

  • introduce students to the financial markets relevant to the conduct of international financial transactions and to the financial systems of the world’s major economies;
  • provide students with an understanding of the key parity and no arbitrage relationships that hold in international financial markets;
  • equip students with the tools and insights needed to analyse and measure the extent of foreign exchange risk;
  • explain the methods by which foreign exchange risk can be managed through the use of on and off balance sheet items including derivative products; and
  • inform students of issues relevant to the financing and making of foreign investment decisions, including the impact of the introduction of exchange rate risk on the evaluation of alternatives.

Course content

The international financial environment, 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)

Madura, J, Hoque, A & Krishnamurti, C 2018, International financial management, 1st edn, Cengage Learning, Australia (Asia Pacific Edition)

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number Course Name
ECON 1007 Macroeconomics

Corequisite(s)

Nil

Teaching method

Component Duration
INTERNAL, CITY WEST
Preparatory 1 x 1 week
Lecture 2 hours x 10 weeks
Tutorial 1.5 hours x 8 weeks
Computer Practical (Finance Trading Lab) 1.5 hours x 2 weeks
EXTERNAL, CITY WEST, ONLINE
External 35 hours x NA
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Workshop 35 hours x NA

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


Assessment

Task Length Weighting Duration
INTERNAL, CITY WEST
Continuous assessment N/A 20% N/A
Project 1800 words 20% N/A
Examination N/A 60% 3 hours
EXTERNAL, CITY WEST, ONLINE
Continuous assessment N/A 20% N/A
Project 1800 words 20% N/A
Examination N/A 60% 3 hours
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Continuous assessment N/A 20% N/A
Project 1800 words 20% N/A
Examination N/A 60% 3 hours

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:
How to determine your Commonwealth Supported course fee. (Opens new window)

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 Division offering the course. To determine the cost of this course, go to:
How to determine the relevant non award tuition fee. (Opens new window)

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

Course Coordinators

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