International Financial Management
This module introduces international financial management from a management rather than a technical finance perspective. The emphasis is therefore on understanding the main features of multinational finance and their implications for management decisions rather than on the more technical and specialist aspects of the subject.
This module is entirely concerned with International Financial Management. The lectures cover subjects like Foreign exchange markets, foreign exchange risk management, financing the Multinational Corporation, foreign investment analysis and Multinational working capital management which are relevant for many countries.
Students develop their skills in presenting and team-working, as well as gaining practical knowledge of the essential elements of International Financial Management.
Full module specification
|Module title:||International Financial Management|
|Duration of module:||
Duration (weeks) - term 2: |
The aim of this module is to develop an understanding of Multinational Financial Management for postgraduate management students. The module will therefore link issues of multinational financial management to other areas such as strategy and marketing. The module aims to provide increased awareness and understanding of multinational financial management theories and practices with respect to the environment in which multinational financial management takes place, foreign exchange and derivatives markets, foreign exchange risk management, the finance of multinational corporations, foreign investment analysis and multinational working capital management
ILO: Module-specific skills
- 1. demonstrate a contextual appreciation of the issues facing the multinational corporate financial manager
- 2. demonstrate an understanding of the basic relationships in international finance
- 3. demonstrate an understanding of the issues affecting the cost of capital internationally
- 4. demonstrate an understanding of the foreign exchange market and the drivers of foreign exchange prices
- 5. demonstrate an ability to apply academic theory and practice in multinational financial management
- 6. explain and manage the risks involved in multinational financial management
ILO: Discipline-specific skills
- 7. deal with issues of multinational finance using both theoretical and empirical contributions
ILO: Personal and key skills
- 8. analyse critical issues in both theoretical and practical contexts.
- 9. demonstrate skills in presenting the results of individual and group work.
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Individual Assignment||75||3000 words||1-9||Written|
|Group Presentation and 1,500 word Group Report||25||15 minutes. Maximum of 4 per group dependent on module numbers||1-9||Oral. Written feedback on request|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Assignment||3,000 Assignment (75%)||1-9||1st September deadline for submission|
|Presentation and Report||1,500 word report (25%)||1-9||1st September deadline for resubmission|
• Introduction to the course
• Relevant Economic Analysis
• The Global Financial Management Environment
• Currency and Derivatives Markets
• Managing Currency Risks
• Financing International Operations
• International Capital Budgeting
• International Management of Working Capital
Indicative learning resources - Basic reading
Shapiro, A. C. and Moles, P. (2014) International Financial Management, John Wiley and Sons
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Last revision date