International Finance

Universidad de Salamanca

Course Description

  • Course Name

    International Finance

  • Host University

    Universidad de Salamanca

  • Location

    Salamanca, Spain

  • Area of Study

    Business, Finance, International Business, International Economics

  • Language Level

    Taught In English

  • Prerequisites

    Available to TRACK A students ONLY.

    Hours & Credits

  • Contact Hours

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

    INTRODUCTION
    Given the current concept of a globalized world, this course is addressed to
    students keen on financial issues and, in particular, international finance. The
    main purpose of this course is to understand the financial system and to include
    an international perspective. In its duration of 45 hours, the course examines
    the determination of exchange rates and operation of exchange markets as well
    as firm?s management of foreign exchange exposure, cash management, and
    capital budgeting. The development of International banking and political risk
    management will also be studied. Emphasis is also placed on the effects of
    globalization on financial crashes, financial regulation & market efficiency. An
    updated look to the dynamics of international entrepreneurship is also provided,
    focusing especially on developed countries and the role of female
    entrepreneurship. Students will acquire knowledge on the former topics by
    means of dynamic and practical examples, work projects and group discussions
    (i.e., essays, role playing, video, surveys, economic experiments; Financial
    Times press cuttings on selected controversial issues).

    LECTURERS (in alphabetical order):
    Esther del Brio (PhD)
    http://diarium.usal.es/edelbrio/

    Arjola Mecaj
    Associate Professor of Accounting and Finance.

    OBJECTIVES
    By the end of this course, students will be able to
    1- Develop an international perspective, which is necessary in today?s global markets.
    2- Develop a level of understanding and working with financial models.
    3- Acquire the ability to comprehend the concepts of globalization and financial crisis.
    4- Develop an understanding of risk management, necessary to understand the workings of the modern financial market.
    5- Understand the procedures of international banking, entrepreneurship and regulation.

    SYLLABUS
    1. Introductory financial issues and the international monetary system
    2. Foreigh Exchange and exposure measurement
    - Risk Management
    3. Multinational Capital Budgeting and Foreign investment
    4. International Financial Regulation.
    5. Globalization and Financial crisis
    6. International Banking
    7. International Entrepreneurship

    BIBLIOGRAPHY
    BUCKLEY, A. (2012). International Finance; A practical perspective. Pearson.
    BUCKLEY, A. (2012). Financial Crisis. Causes, context and consquences. Pearson.
    FINANCIAL TIMES (2007-2013). Press cuttings.
    GEM 2012 Global Report.
    GRATH, A. (2008). The Handbook of International Trade and Finance: The Complete Guide to Risk Management, International Payments and Currency Management, Bonds and Guarantees, Credit Insurance and Trade Finance
    HUGHES, J. & MacDONALD (2001).International Banking. Pearson
    PHYLAKTIS, K. & M. PRADHA (1990). International finance and the less developed countries.London : Macmillan.
    PILBEAM, K. (2006). International Finance: Third Edition

    EVALUATION PROCEDURE
    Course evaluation will be based upon the following scheme:
    Class participation, debates, case discussions, etc. 40%
    Group assignments (written and oral presentation) 20%
    Final exam 40%
    Total 100%

    Additionally, at the end of the course, an attendance certificate will be issued
    upon a minimum attendance of 90% of the sessions.

Course Disclaimer

Courses and course hours of instruction are subject to change.