20501 International Financial Management
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Credit points: 6 cp
Subject level:
Undergraduate
Result type: Grade and marksThere are course requisites for this subject. See access conditions.
Description
The subject provides students with a general understanding of the financial management aspects of international business as well as the international financial system. It builds on learning outcomes from economics, finance and quantitative methods to provide students with a capability to undertake international finance case studies.
Subject learning objectives (SLOs)
| 1. | appraise the role and practises of foreign exchange markets and their use in international financial management |
|---|---|
| 2. | discuss the alternative hedging techniques that can be used to hedge against currency risk |
| 3. | explain international working capital management, investing and financing issues |
| 4. | analyse and solve financial problems faced by international businesses |
Contribution to the development of graduate attributes
The subject provides students with a general understanding of the financial management aspects of international business as well as the international financial system. It builds on learning outcomes from economics, finance and quantitative methods to provide students with a capability to undertake international finance case studies.
This subject contributes to the development of the following graduate attributes:
- Business knowledge and concepts
- Critical thinking, creativity and analytical skills
This subject also contributes specifically to develop the following Program Learning Objectives (PLOs):
- Show an understanding of essential concepts necessary for a career in business (1.1)
- Critically evaluate data and resources in the context of relevant academic literature (2.2)
Teaching and learning strategies
The subject will be taught using a combination of large lectures and smaller tutorials. The lectures provide the structure of the topic area, discussion of the theory and some practical examples. Tutorials provide an opportunity to discuss ideas, issues and make practical application of the theory, as well as encouraging students to think in a creative manner to solve real world problems. Use is made of the UTS web-based communication tool Canvas, which will be used to share information, provide feedback and encourage interaction between staff and students.
Content (topics)
- Multinational Corporations
- Foreign Exchange Markets
- International Parity Relationships
- Measuring and Managing exchange rate exposure
- International Working Capital Management
- International Portfolio Management
- Capital Budgeting and Cost of Capital
Assessment
Assessment task 1: Case Study (Group)
| Weight: | 20% |
|---|
Assessment task 2: Quizzes (Individual)*
| Weight: | 20% |
|---|---|
| Criteria: | *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Assessment task 3: Final Examination (Individual)
| Weight: | 60% |
|---|
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.
Eiteman, D.K., Ruth, S., Stonehill, A.I. and Moffett, M.H. (2016- 14th Global Edition) Multinational Business Finance, Addison-Wesley, Reading, Massachusetts
Recommended texts
Bekaert,G., Hodrick, R.J. (2011), International Financial Management, Pearson Education 2nd edition
Madura, J. (2012), International Financial Management, 11th edition, Cincinnati Ohio: Thomson South-Western College.
References
Bekaert,G., Hodrick, R.J. (2009). International Financial Management, Pearson Education International Edition
Eun, C.S. and Resnick, B.G. (2009). International Financial Management, 5th Edition, Irwin: McGraw-Hill.
UTS Business School (2020). The UTS Business School Writing Guide. https://www.uts.edu.au/sites/default/files/2020-02/UTS%20Business%20writing%20guide%202020_0.pdf
Other resources
The Economist, Financial Times, Wall Street Journal, The Australian Financial Review, (Academic) Journal articles