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25421 International Financial Management

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2018 is available in the Archives.

UTS: Business: Finance
Credit points: 6 cp

Subject level:

Undergraduate

Result type: Grade and marks

Requisite(s): 25557 Corporate Finance: Theory and Practice
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.

Description

This subject introduces students to the concepts of international finance and the financial management of international businesses. Topics covered include foreign exchange, global financial markets, foreign exchange risk and its management, and financial decision-making techniques used by international business. Areas considered include trade finance, multinational working capital management, direct foreign investments and global financing.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. discuss the role and practices of foreign exchange markets and their use in financial management by international businesses
2. explain the exchange rate determination and the role of global financial markets
3. appraise the financial risks faced by international businesses and the principles for managing these risks
4. apply the principal financial management techniques in international business.

Contribution to the development of graduate attributes

The subject contributes to the aim of preparing students to commence a fulfilling and effective career in business, especially in finance professions. It pursues these aims through the study of the financial management aspects of international business and the international financial system. The subject draws knowledge of accounting, economics, finance, marketing and quantitative methods to provide students with a capability to undertake international finance case studies.

Teaching and learning strategies

Lectures present and analyse essential principles are presented and practical applications and case studies are examined in tutorials. Appropriate use is made of Learning 2014 practices, such as the use of on-line and off-line learning opportunities and flipped learning.

Content (topics)

  • The operations of foreign exchange markets;
  • General theories of exchange rates determination;
  • Global financial system and its use by international business;
  • Techniques and concepts used in international financial management;
  • Analysis of risk exposures of international business;
  • Risk management techniques and policies for international business.

Assessment

Assessment task 1: Quizzes (Individual)

Objective(s):

This addresses subject learning objective(s):

1, 2, 3 and 4

Weight: 20%

Assessment task 2: Case Study (Group)

Objective(s):

This addresses subject learning objective(s):

1, 2, 3 and 4

Weight: 25%

Assessment task 3: Final Examination (Individual)

Objective(s):

This addresses subject learning objective(s):

1, 2, 3 and 4

Weight: 55%

Minimum requirements

Students must achieve at least 50% of the subject’s total marks.

Required texts

Madura, J. (2018), International Financial Management, 13th edition, Cincinnati Ohio: Thomson South-Western College.

Recommended texts

Bekaert,G., Hodrick, R.J. (2011), International Financial Management, Pearson Education 2nd edition

References

Bekaert,G., Hodrick, R.J. (2011), International Financial Management, Pearson Education 2nd edition

Eun, C.S. and Resnick, B.G. (2009). International Financial Management, 5th Edition, Irwin: McGraw-Hill.

Moosa, I.A. (2010), International finance - an analytical approach, 3rd edition, McGraw Hill

Faculty of Business (2014), Guide to Writing Assignments (available through UTSOnline or at www.business.uts.edu.au/resources/guide.html)

Other resources

The Economist, Financial Times, Wall Street Journal, The Australian Financial Review, (Academic) Journal articles