FIN3007S International Financial Mngt

Academic Year 2021/2022

As the international company becomes the norm rather than the exception, the need to internationalise the tools of financial analysis is apparent. We now live in a highly integrated world economy, and it is crucial that businesses understand both the risks and opportunities that globalisation brings. This module is divided into three parts; each with a different objective. The first part looks at issues in international financing and investment, including equity and debt markets. We will examine the ongoing turmoil in financial markets and assess the extent to which it has and will continue to affect the real world economy. The second part relates to currency systems and exchange rate determination. At the end of this section of the work, students should understand how exchange rates work, the advantages and disadvantages of various currency systems, and the theory, evidence and practice relating to exchange rate determination. Part three concentrates on foreign exchange risk management. Its objective is to give students a grounding in techniques and approaches for the measurement and management of FX risks. In studying how to manage currency exposure, we examine various tools to manage transaction risk, such as currency options, forwards and futures.

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Curricular information is subject to change

Learning Outcomes:

On completing this module, students will be expected to be able to
1. Describe the various exchange rate systems and explain their benefits and disadvantages.
2. Critically appraise the extent to which the theories of exchange rate determination explain exchange rate movements in today’s globalised economy.
3. Explain the various tools and approaches for firms in hedging transaction exchange exposure, and recommend particular approaches to hedging in a variety of economic and firm-specific circumstances.
4. Analyse the extent to which firms are exposed to economic or operating exchange risk, evaluate their systems in place to manage it, and recommend alternative approaches.
5. Describe the problems facing international financial markets at present, demonstrate an understanding of how they came about, and be able to critically appraise potential solutions to future global financial market challenges.

Student Effort Hours: 
Student Effort Type Hours
Lectures

20
Specified Learning Activities

40
Autonomous Student Learning

80
Total

140
Approaches to Teaching and Learning:
Students will attend classes for this module and have the opportunity to engage in active learning during these sessions. There will be in-class discussion and group work to analyse module concepts. Where appropriate, the module will incorporate case based learning 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Equivalents:
Corporate Finance (FIN3003S), Wealth Planning & Management (FIN3005S)


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Examination 2 hour End of Trimester Exam No Graded No

60
Assignment: Main Assignment Varies over the Trimester n/a Graded No

40

Carry forward of passed components
No
 
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?

General feedback is provided to students on all their submitted assessment components.

Name Role
Dr Christina Burke Tutor
Ms Michele Connolly Doran Tutor
Christopher Goh Tutor
June Neo Tutor
Rachel Sim Tutor
Lim Kaim Soon Tutor
Chee Shong Tan Tutor
Charlene Tan Puay Koon Tutor
Yung Chiang Yang Tutor
Siti Zarifah Tutor