Intenational Business Finance

This is a level 6 module that runs in the second semester. This Module Study Guide should provide you with an insight into the International Business Finance module. It is important to read the Module Study Guide and, if you have any questions, then don’t hesitate to contact hope that you enjoy studying International Business Finance and am sure that it will benefit you in your future career. Dry Pivot Cocking 1 lath floor Paragon Building pivot. [email protected] AC. K Basic information about the module Module code:ACACIA’S Module title: International Business Finance Module level: 6 Learning hours: 200 Semester availability: Semester 2 Named pathways: BAA Business Studies BAA Accounting and Finance Pre-requisite module: None Credits awarded for the doodle: 20 Module leader: Dry Pivot Cocking Professional accreditation: Timetable: To be determined Learning experience Module summary Welcome to the International Business Finance module.

I believe that your first impression when you read the module’s title was a question: “what is this all about? ” If yes, then welcome to the club – initially did not know either, as the term is very wide indeed. Is this simply an extension furor corporate finance and financial management classes with just a word “international” added? I looked for various ideas and liked one in particular: the Economy Watch (http://www. Economically. M), the largest economics and finance quality open website, says that International business finance deals with financing businesses that operate across the geographical frontiers. The first thing which comes to mind after reading this description is therefore the role of financial intermediation – how does capital flow between various market participants, what is the role of banks in this process on an international level, are there any institutions other than banks involved and what instruments are used in financing the transnational businesses.

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The above points helped me to structure the course which will be divided into 3 sections; Section 1: Financial Intermediation Section 2: Banks and Shadow Banking System Section 3: International Financial Instruments Financial Intermediation This section will look at types and characteristics of financial intermediaries; financial intermediation as delegated monitoring; liquidity transformation, bank runs and maturity transformation as well as financing sources and borrower characteristics.

Banks and Shadow Ban king System We will investigate of the principal functions of banks, risks in banking, including credit risk, liquidity risk, interest rate risk, market risk, sovereign risk, solvency risk, and operational risk. Ill then take you for a journey to the world of hedge funds, private equity and money markets funds – these lightly regulated financial institutions combined provide most of the financing needs of companies.

We will also look at the world of high-frequency trading (HFTP) – finance students must be aware of the firms using complex algorithms to analyze multiple markets and execute orders based on market conditions. As of 2009, it is estimated more than 50% of exchange volume comes from high-frequency trading orders. Financial Instruments In this section we will look at financial documents -? they are documents which eave monetary value or constitute a legally binding contract between two or more parties regarding payment of money.

In particular we will analyze feature Of international bonds as well as derivatives, including forward and option contracts Module aims Students progressing from level 6 International Business Finance will be able to demonstrate an understanding of the important aspects of the changing world of International Business Finance, including the thorough understanding of international financial markets, their main participants and applied techniques. The module will also introduce you to a case study teeth – the workhorse of business school at master and MBA;level.

Learning outcomes for the module By the end of the course, you should be able to: 1. Demonstrate a good understanding of International Finance and International Financial Markets 2. Evaluate the available sources of finance and financial products that are available to business 3. Identify the appropriateness of a financial strategy for a business organization Content of the mod el Week Topic 1 Introduction and overview of the course. Introduction to case study method 2 The globalization of financial markets and introduction to basic functions f financial intermediation. 4 5 6 7 8 9 10 11 12 13 14 Maturity and liquidity transformation on financial markets. Banks and their functions. Various aspects of risks in banking. Shadow banking system Hedge funds Private equity funds Private equity – case study presentations. H gig-frequency trading International bonds Financial derivatives, including futures, forward and option contracts Revision/reserve Learning resources You are required to attend classes. Before attending you are expected to do some pre-reading and attempt to do any pre-set work.

Attendance at less than 80% of classes will probably result in you failing the doodle. There are academic journals, textbooks and other resources in the library so that you are able to read around the subject. Make sure that you purchase the recommended course textbook and read it continuously. Recommended course textbook: Finance and Financial Markets. Keith Pliable Third Edition( 2010) Palaver McMillan Other textbooks: International Finance, Nun and Arsenic (2011) Mac Grab Hill International Financial Management, Nun and Arsenic, (2011) Mac Grab Hill Bessie, J.

Risk Management in Banking. (Chester: Wiley) Matthews, K. And J. Thompson The Economics of Banking. (Chester: Wiley) Please also follow the Blackboard as many articles and other pre-class and post-session materials will be placed there. Teaching, learning and assessment Assessment The assessment comes in three parts. There is coursework that has to be handed in halfway through the semester on [date to be specified] together with another piece of coursework to be handed in at the end of week 14.

Students will also be asked to make a group presentation in week 9. The coursework The coursework for the module will be distributed early in the semester. You are encouraged to discuss with your colleagues the possible approaches to he coursework but it is important that you complete the coursework on your own. Plagiarism and cheating The University regulations concerning plagiarism can be found in the student handbook. Students who plagiarism are penalized heavily by the university. It is essential that the work that you hand in is your own.

Copying paragraphs from books and not attributing them to the author is not considered as your own work. Coursework feedback For your assignments you will be provided with written feedback. The feedback will highlight the positive aspects and try to point out those areas of the assignment that could be improved. Marking criteria The marking criteria are shown in the assignment. How to complete the assignment will provide guidance on completing the assignment before you make a start on it.

Some initial thoughts that you might find of some use are: 0 Read the assignment through a number of times Draft your ideas as to how you are going to approach the assignment together with a time plan C] undertake your research C] Write up your assignment 0 Review what you have written and improve it Make sure that you hand in the assignment on time, as there are penalties for late submission. Additional information To pass, you need a minimum mark of 40%.

This is calculated as follows: Assignment 1 Assignment 2 Presentation/ contribution Total mark Student support and guidance If there is cometh ins you did not understand from the session, please approach me immediately after the session, come to see me during my office hours (to be specified) or email me your question. Relevant answers will be published as announcements with the privacy of the question’s author protected. Evaluation of the module A questionnaire will be used so as to seek your views on the module. The findings on the questionnaires will be summarized and fed back to you together with the action that is being taken.