Course Description
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Course Name
International Finance
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Host University
Universidad Autónoma de Barcelona
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Location
Barcelona, Spain
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Area of Study
Finance, Peace and Conflict Studies
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Language Level
Taught In English
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Contact Hours
45 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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Overview
INTRODUCTION:
With the rapid globalization of the world economy, the managers of a firm have to understand that their decisions will be greatly influenced by variables such as exchange rate policies, trade policies, and international accounting standards.
The objective of the International Finance course is to understand globalisation and the risks involved and to appreciate the problems of he corporate finance manager and the solutions available to him or her in this increasingly uncertain environment.
This course will focus on three main areas of international finance:
1. Key economic theories,
2. The main financial instruments for risk management
3. Exchange risk managementREQUIREMENTS:
- Fluent in English
LEARNING OUTCOMES:
1. Understand the environment and factors associated with foreign exchange rate determination.
2. Demonstrate knowledge of foreign exchange terminology.
3. Demonstrate knowledge of the various forms of financial instruments available for foreign exchange risk management.
4. Understand key economic theories that underlie the foundation of foreign exchange risk management.
5. Demonstrate knowledge of basic strategies and techniques associated with foreign exchange risk management.
CONTENTS:
1. Introduction to International Finance
2. The Determination of Exchange Rates
3. The Balance of Payments
4. The Foreign Exchange Market
5. The International Monetary System
6. Parity Conditions in International Finance
7. Currency Futures
8. Currency Options
9. Interest Rate and Currency Swaps
10. Translation Exposure
11. Transaction Exposure
12. Economic Exposurw
Course Disclaimer
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.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.
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