International Finance

Universidad de Málaga

Course Description

  • Course Name

    International Finance

    Course Closed
  • Host University

    Universidad de Málaga

  • Location

    Málaga, Spain

  • Area of Study

    Business, Finance, International Business

  • Language Level

    Taught In English

    Hours & Credits

  • Contact Hours

    45
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    Course Description:

    This course povides students with the tools and methods to study, analyze and understand international economic issues and problems.

    Contents:

    UNIT 1 ? GENERAL OVERVIEW OF MONEY AND ITS PLACE IN OUR LIVES
    - Introduction
    - Functions of Money
    - Time Value of Money
    - Creation of Money
    - How much money is there? M1, M2, M3 etc?
    - Who control the money supply?

    UNIT 2 ? THE MONEY ? GO - ROUND
    The role of:
    - The Family
    - The Company
    - The Financial Institutions
    - The State

    UNIT 3 ? FACTORS WHICH INFLUENCE THE MONEY - GO ? ROUND
    - Supply & Demand
    - Unemployment
    - Inflation

    UNIT 4 ? THE ROLE OF THE BANKS
    -Overall roll of Banks
    - Banks and the customer
    - Banks and the creation of money
    -International Banking

    UNIT 5 - THE ROLE OF COMPANIES
    -Company characteristics
    -Company objectives
    -Multinational Finance

    UNIT 6 - GLOBALIZATION
    -What does Globalization really mean?
    -What are the advantages?
    -What are the disadvantages?
    - How does it affect International Finance?

    UNIT 7 ? INTERNATIONAL MONETARY SYSTEM
    -Bretton Woods
    -Gold Standard to 1970´s
    -The IMF

    UNIT 8 ? EUROPEAN MONETARY SYSTEM
    -The European Union
    -A Political, Social and Economic Union
    -European Monetary Policy

    UNIT 9 ? THE BALANCE OF PAYMENTS
    -Import / Export ratios
    -Comparative Advantage
    -International Settlements

    UNIT 10 ? FOREIGN EXCHANGE MARKET
    -Principal ?players?
    -Exchange Rate Analysis

    UNIT 11 ? CURRENCY TRADING
    -Future & Options
    -Derivatives
    -Currency Swaps
    -Purchasing Power Parity

    UNIT 12 ? THE STOCK MARKET
    -How does it work?
    -International Trading

    UNIT 13 ? FINANCIAL CRISIS
    -Causes, effects and potential solutions

    UNIT 14 ? CONCLUSIONS & OTHER CONCEPTS

    Bibliography:

    Along with other selections from primary texts, students will be provided selections from the following sources:

    - Cheol S.Eun & Bruce G. Resncik (2004), International Financial Management 3rd Edition. Mc Graw Hill.
    - Pilbeam, K. (2006), International Finance. 3rd Edition.

    Course Evaluation:

    Participation and attitude in class: 10%
    Quizzies and Homework Assignments: 20%
    Midterm Exam: 25%
    Final Exam: 35%
    Final Paper: 10%

    Final letter grades will be assigned using the following scale, expressed in terms of the percentage of total possible points earned:

    9 ? 10 = Sobresaliente
    7 ? 8.9 = Notable
    5 ? 6.9 = Aprobado
    0 ? 4.9 = Suspenso
    Attending the course but not taking the exams = No presentado
    Missing class more than permitted = No asistencia

    Attendance Policy:

    Attendance is obligatory. More than four hours of unexcused absence from class will endanger an officially certified completion of the course (grading + certificate). Medical absences are excused with the prompt receipt of proper documentation. It is expected that students arrive to class on time and that they return promptly to class after any given class break. Tardiness is figured into the absence policy.

    Class Protocol:

    Students are required to be involved in class activities. They are expected to show their preparation by participating in discussions, by asking relevant questions, being critical and analytical with the contents presented in class as well as by sharing their ideas and opinions. In class the student is required to maintain a polite demeanor always and under every circumstance. Students are asked not to eat in class and to put their cell phones on silence. With the exception being for class presentations, laptops are not to be used in class.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

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.

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