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FIN30030

Academic Year 2024/2025

International Financial Management (FIN30030)

Subject:
Finance
College:
Business
School:
Business
Level:
3 (Degree)
Credits:
5
Module Coordinator:
Dr Vassilios Papavassiliou
Trimester:
Autumn
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

As the international company becomes the norm rather than the exception, the need to internationalize the tools of financial analysis is apparent. We live in a highly integrated world economy, and it is critical that businesses understand both the risks and opportunities that globalization brings. This module is about multinational management, and more specifically, the financial management dimensions of leading a multinational corporation (MNC). Financial managers must be able to assess the international environment, recognize opportunities, implement strategies, assess exposure to risk, and manage that risk. In this module we examine exchange rate systems and their determination, international sources of finance for firms, and discuss the best approaches to managing exchange rate risk. Consequently, derivatives and hedging techniques are examined and, inter alia, we study international flow of funds, multinational capital budgeting and multinational capital structure.

About this Module

Learning Outcomes:

At the end of this course students should:

1. Identify the management goal and organizational structure of the MNC
2. Describe the background and corporate use of international financial markets
3. Explain how exchange rate movements are measured and how the equilibrium exchange rate is determined
4. Demonstrate how multinational capital budgeting can be applied to evaluate international projects
5. Describe the key components of an MNC’s capital and identify the factors that affect an MNC’s capital structure

Indicative Module Content:

1. Overview of multinational financial management
2. International flow of funds
3. International financial markets
4. Exchange rate determination
5. Currency derivatives
6. Government influence on exchange rates
7. International arbitrage and Interest Rate Parity
8. Relationships among inflation, interest rates, and exchange rates
9. Measuring exposure to exchange rate fluctuations
10. Managing transaction exposure
11. Multinational capital budgeting
12. Multinational capital structure and cost of capital

Student Effort Hours:
Student Effort Type Hours
Autonomous Student Learning

96

Lectures

24

Total

120


Approaches to Teaching and Learning:
This module will be delivered on-campus. The delivery of the module will move online should that be required.

Lectures
Class discussions
Group project
Closed book final examination

Requirements, Exclusions and Recommendations
Learning Recommendations:

Students are assumed to have previously taken courses in:

Macroeconomics
Introductory finance
Basic statistics


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
Exam (In-person): 2 hour closed-book exam End of trimester
Duration:
2 hr(s)
Graded No
60
No
Group Work Assignment: Group assignment Week 8 Graded No
40
No

Carry forward of passed components
Yes
 

Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Name Role
Mr Niall Flaherty Tutor
Mr Bard Ovenden Tutor

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
Autumn Lecture Offering 1 Week(s) - Autumn: All Weeks Wed 16:00 - 17:50
Autumn Lecture Offering 2 Week(s) - Autumn: All Weeks Thurs 09:00 - 10:50