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SBUS42010

Academic Year 2024/2025

International Financing (SBUS42010)

Subject:
Business
College:
Business
School:
Business
Level:
4 (Masters)
Credits:
5
Module Coordinator:
Dr John McCallig
Trimester:
Spring
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

This module will help participants to understand the impact of the international environment on financial decisions. The module will outline international asset markets and their impact on financing and investment. The nature and use of derivatives as a risk mitigation device will also be examined. The module will review the international monetary system and the Eurozone in particular. Interest rate and especially exchange rate risk will be evaluated. The module will explore the impact of exchange rates on both the competitive position and corporate balance sheets. For example, why are some Eurozone firms more likely to be adversely affected by a 10% decline in Sterling than others? Derivatives including forwards, futures, options and swaps will be carefully explained and the principal determinants of derivative prices will be explored. We will examine ways to hedge and offset different risks. The module will detail the appropriate use of derivatives to mitigate foreign currency risks. We will examine decision making in an international setting evaluating alternative investment opportunities.

About this Module

Learning Outcomes:

On successful completion of this module participants will understand:

• The different risks facing firms in an open economy.
• How extensively derivatives are used by firms for risk management purposes.
• Different derivatives and their use in risk management for currency and interest rate risk. The principal terms and concepts associated with cost management.
• Macro considerations in a globalized world as it pertains to foreign exchange and interest rates
• International taxation and the challenges and opportunities facing firms in a global environment.

Student Effort Hours:
Student Effort Type Hours
Lectures

16

Specified Learning Activities

60

Autonomous Student Learning

40

Total

116


Approaches to Teaching and Learning:
The module has a detailed study guide. Students are required to complete the module pre-reading or pre-work prior to attending the seminar sessions. The sessions themselves will be a combination of lectures, group discussion, in-class presentations, case study discussions and classroom exercises. A heavy emphasis in the seminars is on teasing out the implications of theory for practical application in a workplace context.

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 

Assessment Strategy  
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered

Not yet recorded.


Carry forward of passed components
Yes
 

Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Written feedback to be provided within 20 days of assignment deadline