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Course: 2024/2025

International Finance

(13477)

Dual Bachelor in Law and Business Administration (Plan: 410 - Estudio: 229)

Coordinating teacher: GUTIERREZ URTIAGA, MARIA

Department assigned to the subject: Business Administration Department

Type: Electives

ECTS Credits: 6.0 ECTS

Course:

Semester:

Requirements (Subjects that are assumed to be known)

Financial Economics Macroeconomía

Objectives

After this course the student should be able to: -Have a better understanding of the role of International Financial Management in modern corporations. -Understand the risk issues raised by foreign operations. -Asses the role of financial derivatives to hedge risk in the international markets -Analyse investment decisions in an international context. Moreover, the course aims to contribute to general long-term learning goals to ensure that upon graduation students will be ethical reasoners; critical thinkers; adept in quantitative analysis; and knowledgeable in both general business concepts and specific disciplines.

Skills and learning outcomes

Link to document

Description of contents: programme

Unit 1 Introduction to International Finance Unit 2 Measuring the Wealth of Nations Unit 3 Exchange Rates and Forex Markets Unit 4 Exchange Rate Systems Unit 5 Interest Rate Parity Unit 6 Purchasing Power Parity Unit 7 Real Exchange Risk for Exporters, Importers and Domestic Firms Unit 8 International Financing Unit 9 International Investments Unit 10 Country and Political Risk Unit 11 Hedging

Learning activities and methodology

Theory, methods and empirical evidences will be presented during the theory sessions. Discussion of the exercises and cases will be done during the reduced group sessions.

Assessment System

% end-of-term-examination 50
% of continuous assessment (assigments, laboratory, practicals...) 50

Calendar of Continuous assessment

Course evaluation (both for the ordinary and extraordinary sitting) is based on:
1. Problem sets and case studies: 20%
2. Midterm exam: 30%
3. Final Exam: 50% (The minimum required grade in the final exam is 40 out of 100)

Extraordinary call: regulations

Basic Bibliography

Geert Bekaert and Robert J. Hodrick. International Financial Management. Cambridge University Press 3ª ed. . 2017

Electronic Resources *

· Chicago Mercantile Exchange : http://www.cme.com
· The Atlas of Economic Complexity by the Growth Lab at Harvard University : http://https://atlas.cid.harvard.edu/countries/71/export-basket
· NASDAQ OMX PHLX : http://www.nasdaqtrader.com/Micro.aspx?id=phlx
· Intercontinental Exchange (old London International Financial Futures Exchange), now with NYSE : http://globalderivatives.nyx.com
· Official Euro site with Euro Converter : http://www.ecb.europa.eu/euro/html/index.en.html
· Central Banking Resource Center : http://www.bis.org/cbanks.htm
· The Economist : http://www.economist.com/
· Global Financial Data : http://www.globalfinancialdata.com/

Additional Bibliography

Eiteman, D.; Stonehill, A. I.; Moffet, M. H.. Multinational Business Finance. Pearson, 15th edition. 2019
Hillier, David; Grinblatt, Mark; Titman, Sherindan. Financial markets and corporate strategy. McGraw-Hill Publishing Co.. 2011
Shapiro, A. C.. Multinational Financial Management. John Wiley & Sons, Inc. 11th edition. 2019

Detailed subject contents or complementary information about assessment system of B.T.

Go to the detailed contents

(*) Access to some electronic resources may be restricted to members of the university community and require validation through Campus Global. If you try to connect from outside of the University you will need to set up a VPN

The course syllabus may change due academic events or other reasons.