International Finance: Theory and Practice

Korea University

Course Description

  • Course Name

    International Finance: Theory and Practice

  • Host University

    Korea University

  • Location

    Seoul, South Korea

  • Area of Study

    Finance, International Business, International Studies

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

    3
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    1. A Synopsis of the Course
    This is an introductory course on the role of the financial system in
    a market oriented economy. This course is designed to analyze how
    financial institutions and markets are organized and contribute to enhancing
    economic efficiency and welfare by mobilizing financial resources from
    people who have an excess of funds and allocating them to those who have
    a shortage.

    The financial system is among the most heavily regulated sectors of
    the economy. Among the financial institutions, banks are subject to the
    heaviest regulations. Lectures and classroom discussion will examine the
    rationale for financial regulation.

    Despite the heavy and extensive regulations, financial institutions
    and markets are prone to financial crises. The world economy has suffered
    from global financial crisis and stagnation since 2007 from which it is yet
    to recover. This course will investigate the extent to which students are able
    to apply what they have learned n the class to understand the causes of the
    global financial crisis.

    2. Course Requirements
    Students enrolling in this class should have an economics 2
    background where they have taken undergraduate courses in either
    principles of economics or macroeconomics.

    This course will use as the main textbook,
    ?Economics of Money, Banking, and Financial Markets? 10th and
    7th Editions (Global Editions) by Frederic S. Mishkin

    3. The Lecture Schedule
    Each session consists of two or three class lectures. Power point slides
    and other materials prepared by the text book author and the
    instructor will be posted on EKU-Course materials and Management,
    but students are strongly urged to read chapters assigned to each
    session.

    Part One: The Role of Finance
    Chapter 2: An Overview of the Financial System
    Chapter 8: An Economic Analysis of Financial Structure

    Part Two: Financial Markets: The Bond Market
    Chapter 4: Understanding Interest Rates.
    Chapter 5: Behavior of Interest Rates,
    Chapter 6: Risk and Term Structure of Interest Rate

    Part Three: The Stock and Foreign Exchange Market
    Chapter 7: The Stock Market
    Chapter 18: The Foreign Exchange Market

    Part Four: Financial Institutions: Banks and Non-bank Financial
    Institutions
    Chapter10: Banking and the Management of Financial
    Institutions
    Chapter 13: Banking Industry: Structure and Competition
    Chapter 12 (7th edition): Nonbank Finance3

    Part Five: Financial Derivatives and Financial Crisis
    Chapter 13 (7th edition): Financial Derivatives
    Chapter 9: Financial Crisis in Advanced Economies
    Chapter 10: Financial Crisis in Emerging Market
    Economies

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.