International Finance

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 management

REQUIREMENTS:

     - 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