SFB12604 International Finance (Spring 2009)

The course is connected to the following study programs

Compulsory for bachelor students enrolled on the International Business programme.

Optional course for students of business administration.

Optional for students on other bachelor programmes provided they have a sufficient background of business courses.

Prerequisites

The course is based on the introductory course in finance/business finance, SFB11002, or the equivalent knowledge.

Lecture Semester

Spring 2009

Content

• Foreign exchange markets
• Financial management
• International parity conditions
• Hedging foreign exchange
• Interest rate exposure
• Futures and options
• International portfolio diversification
• Foreign investment and capital budgeting
• Corporate governance
  
  

Forms of teaching and learning

Lectures, group work and exercises. The language of instruction is English.

Practical training/internship

None.

Coursework requirements - conditions for taking the exam

Three papers (group work or individual) must be submitted and approved before signing up for the final individual examination.

Examination

A 4-hour written examination. Aids permitted are: calculator, dictionary (mother tongue-English/English-mother tongue). Grades: A-F.

Literature

Eiteman, David K, Arthur I Stonehill & Michael H Moffett (2007). Multinational Business Finance. 11^th ed. Boston: Pearson/Addison Wesley. 848 pages.

 

Supplementary literature:

Sercu, Piet & Raman Uppdal (1995). International financial markets and the firm. Cincinnati, Ohio: South-Western College Pub. 731 pages.

Sarno, Lucio & Mark P Taylor (2002). The economics of exchange rates. Cambridge: Cambridge University press. 318 pages.