International Finance and Banking
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This subject is available under ICMS postgraduate degrees, please click the button below to find a postgraduate course for you.
Subject Code:
Standard Course Code: ECO802
MBA Course Code: ECO802A
Subject Rationale:
Alongside its many opportunities, organisations operating within a globalised business environment often face associated financial management challenges and risks. Managers need to be adept at controlling the cross-border financial transactions denominated in foreign currencies and at managing their exposure to risk. It is also vital for them to successfully negotiate and manage relationships with banks and other participants operating within the global financial system, often across various jurisdictions with different tax regimes.
This subject provides a specialised knowledge of the principles and practices in international finance and the international monetary system. Students will analyse the factors influencing exchange rate determination, forecast movements in the foreign exchange market and suggest strategies to mitigate transaction exposure and foreign currency risks. Alternative methods of financing international operations, global capital budgeting and foreign direct investments strategies will be explored. Students will also learn about contemporary issues facing current global banking and international business environment.
Learning Outcomes:
a) Appraise the opportunities and challenges faced by organisations operating within the global financial environment.
b) Demonstrate integrative knowledge of the foreign exchange market and the key factors influencing exchange rate determination.
c) Analyse the use of currency derivatives to hedge exposure to exchange rate risks and to achieve organisational goals.
d) Critically assess transaction exposure and recommend appropriate hedging strategies to mitigate risks.
e) Critically evaluate alternative methods of financing international operations, global capital budgeting decisions and strategies for foreign direct investments.
f) Evaluate the role of banks within the international financial system and identify current global banking issues.
Student Assessment:
Please refer to the official Exam Timetable for further information.
| No | Type | Weighting | Learning Outcomes |
| 1 | Mid-term Test | 25% | a, b, c, f |
| 2 | Hedging Strategy Analysis | 35% | a, b, c, d |
| 3 | Business Finance Report | 40% | a, d, e, f |