Registry

Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title	International Finance
Module Code	EF305
School	DCUBS
Online Module Resources
Module Teacher	Conor McKeating
NFQ level	8	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

Description

The purpose of this module is to provide students with an understanding of international finance. Our perspective is that of the financial manager who must determine the best method for finding and allocating capital to increase the wealth of the firms shareholders. The objective of this course is, therefore, to equip the financial manager with the theoretical background to maximise firm value from international operations.Concepts such as exchange rates, hedging, FDI and international markets are studied. Special emphasis is placed on practical example and the relevance of international finance to managers. Students are expected to participate in weekly lectures.

Learning Outcomes

1. Apply theories of currency market movements.
2. Assess historical and contemporary international financial systems, and compare their relevance to markets.
3. Identify key factors that influence foreign direct investment and its drivers.
4. Determine how capital flows to international markets and how internationalisation of markets drives portfolio construction.

Workload	Full-time hours per semester
*Type*	*Hours*	*Description*
Lecture	24	No Description
Independent learning time	32	Library reading in prepation for lectures
Assignment	30	Group Project
Independent learning time	39	Exam Revision
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Foundations of International Finance.
Students are introduced to the theories of globalisation and the multinational firm. A historical background on the international monetary system is given and contemporary issues regarding monetary systems and the balance of payments are explored..

Foreign Exchange Markets.
FX Markets are introduced and students will learn how firms access these markets and understand relevant terminology and quotes, for both spot and forward markets. International parity relationships are examined in this context and are tested empirically. FX derivatives are studied as hedging techniques..

Markets and Institutions.
International bond and equity markets are introduced and their relevance for the financial manager is discussed. International portfolio investment, and the diversification benefits it brings, are studied in some depth..

Multinationals Firms.
Students study foreign direct investment (FDI) and cross-border M&A. We look at its motivations, and the effect on the firm. International capital structure is studied for firms with operations in multiple jurisdictions..

Assessment Breakdown
Continuous Assessment	20%	Examination Weight	80%

Course Work Breakdown
Type	Description	% of total	Assessment Date
Group project	Groups have to submit a report on practical application of the course material.	20%	Week 11

Reassessment Requirement
Resit arrangements are explained by the following categories; 1 = A resit is available for all components of the module 2 = No resit is available for 100% continuous assessment module 3 = No resit is available for the continuous assessment component
This module is category 1

Indicative Reading List

Eun, C. and B. Resnick: 2012, International Financial Management, 6th edition, McGrawHill,
Eitman, D., M. Moffett, A. Stonehill: 2010, Multinational Business Finance, Pearson,
A. Shapiro and A. Sarin: 2008, . Foundations of Multinational Financial Management, Wiley,

Other Resources

None

Array

Programme or List of Programmes

BA in Accounting & Finance

Bachelor of Business Studies

BSI

Business Studies ( with INTRA )

BSSA

Study Abroad (DCU Business School)

BSSAO

Study Abroad (DCU Business School)