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Module

Finance for International Managers

Module description


Finance is a key element to international business as financial decisions help to drive growth. Understanding the foundations to finance is vital to your international business education. Finance for International Managers provides you with a conceptual framework within which the key financial decisions of the multinational firm can be analysed. The module focuses on decision making in an international context, building on, and extending, the valuation framework provided by domestic corporate finance to account for dimensions that are unique to international finance.

This module is specifically designed to guide students through the essential building blocks of modern ?nance and help students understand the role that finance plays in international business. You will gain a global perspective on finance and its institutional structure of the modern international financial system, the analysis of financial policy for an open economy and the policies affecting some current finance/economics issues in international business. This module will explore, assess and manage financial risks in order to protect corporate value and shareholders interest from any adverse impacts. You will gain knowledge of how risk dynamics affect how financial markets operate, and what implications they have on the companies.

 

Full module specification

Module title:Finance for International Managers
Module code:BEAM080Z
Module level:M
Academic year:2022/3
Module lecturers:
  • Dr Cherie Chen - Convenor
Module credit:30
ECTS value:

15

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims


This module aims to provide you with a broad vision and understanding of the changing role and nature of finance within the context of a global marketplace. We will start to introduce the key financial markets and financial institutions, explains why interest rates change over time and discuss how monetary policy influences interest rates and other economic conditions. We will also covers the major debt security markets, equity securities markets, and the derivative security markets. Last but not the least, we will review all other types of financial services provided by financial institutions. The module will also discuss the latest development in the light of the Fintech and sustainable finance help to create awareness in students of the potential impact of ?nancial innovation.

The module blends theory, data analysis, examples and practical case situations to equip students and business leaders with the analytical tools they need to make informed financial decisions and manage the risks that businesses face in today's competitive global environment. Combining theory and practice and utilising a multitude of real-world examples and case studies, helping to bring alive many di?cult ?nancial theories to the non-mathematical ?nancial specialist. The aim of this module is to provide a less technical and more practically oriented introduction to the field of finance whilst maintaining a reasonable degree of rigour.

 

ILO: Module-specific skills

  • 1. appraise the nature of the contexts in which international financial institutions and businesses can be seen as operating and functioning in the international markets;
  • 2. explain the major theoretical tools and theories of international finance, their relevance and application for international investment, financing transactions, international payments and exchange rates;
  • 3. recognise the financing arrangements, governance mechanisms and structures of business entities in an international context;
  • 4. critically analyse the factors influencing the financial behaviour and opportunities of private individuals or global investors in an international context;
  • 5. evaluate international finance activities in the economy, and the factors that are changing these activities over time;

ILO: Discipline-specific skills

  • 6. locate, extract and analyse data from multiple sources, including acknowledging and referencing of sources;
  • 7. apply financial decision making, mathematical and econometric techniques including digital skills to solve a range of international financial problems;
  • 8. analyse financial and other numerical data and the appreciation of statistical concepts at an appropriate level;

ILO: Personal and key skills

  • 9. evaluate data, and draw reasoned conclusions concerning structured and, to a more limited extent, unstructured problems from a given set of data
  • 10. present quantitative and qualitative information, together with analysis, argument and commentary, in a form appropriate to the intended audience;
  • 11. develop independent/self-directed learning skills, including time management, working to deadlines, and keeping abreast of a wide range of literature.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
100200

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled asynchronous learning and teaching activities 100Lectures and skill-based exercises
Guided Independent Study200Reading, researching and writing assignments

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly assigned work/exercises/forum discussion at the end of each sub-session and the end of week activitiesStudents will completing the weekly tasks assigned to reflect on their learning and reinforce their understand of the main concepts covered in each week 2 hours *10 weeks 1-11Self-generated quantitative feedback on ELE, written/verbal qualitative feedback where appropriate

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
10000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Powerpoint slides 306-10 slides 1-11Written feedback provided summarising performance and key areas for improvement
Written assignment – critical essay 703,500 words individual work1-11Written feedback provided summarising performance and key areas for improvement

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Powerpoint slides6-10 slides individual work (30%)1-11Re-Assessment Period
Written assignment – critical essay 3,500 words essay Individual work (70%)1-11Re-Assessment Period

Re-assessment notes

Students are permitted to improve upon a failed piece of assessed work as their resubmission (i.e. – they will not be penalised for self-plagiarism from their first submission on this module), or to produce an entirely new piece of work. 

Syllabus plan

  • Introduction to financial market
  • Interest rates and monetary policy
  • Time value of money
  • Risk and return
  • Domestic and international money market
  • Bond market and investing strategy
  • Stock offering and valuation
  • Derivative securities markets
  • Exchange rate and hedging
  • Other non-banking operations
  • Finance innovation and sustainable finance

Indicative learning resources - Basic reading

  • Madura, J. (2021) Financial Markets & Institutions (13th ed.). Cengage Learning
  • Keith P. (2018) Finance and Financial market (4th ed.). Basingstoke UK: Palgrave Macmillan.
  • Hawawini, G. & Callet, C. (2019) Finance for Executives Managing for Value Creation (7th ed.). Cengage Learning EMEA
  • Brealey, R. & Myers, S. (2018) Principles of Corporate Finance (12th ed.). McGraw Hill.
  • Keith P. (2013) International Finance (4th ed.). Basingstoke UK: Palgrave Macmillan.
  • Bekaert, G & Hodrick R. J. (2018) International Financial Management (New International Edition, 3rd ed.). Cambridge University Press
  • Krugman, P., Obstfeld, M. & Melitz, M. (2018) International Finance: Theory and Policy (Global Edition 11th ed.). Pearson.

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

Indicative learning resources - Other resources

Origin date

07/03/2022

Last revision date

11/08/2022