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Courses

MANG3080 International Finance

Module Overview

This module deals with finance in an international context. This includes spot and the forward exchange rates, the operation of common currency systems and also international cultural differences which affect the way business is governed.

Aims and Objectives

Module Aims

to provide you with the conceptual and analytical framework required for understanding how international financial conditions influence the investment decision process. It also provides you with the necessary theoretical and analytical tools which explain and forecast the exchange rate dynamics.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • how the exchange rate system operated during the different regimes
  • determinants of foreign exchange rate and interpret the impact of economic events on foreign exchange rate
  • forecasting foreign exchange rates with international parity conditions
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • demonstrate key understanding of international finance and the risk involved in conducting financial transactions across borders
  • demonstrate competence in the analysis of, and quantitative calculations relating to, international finance
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • demonstrate competence generally in numerical analysis and problem solving
  • demonstrate effective written communication

Syllabus

Foreign Exchange Markets Balance of Payment Interest Rate Parity Purchasing Power Parity International Equity and Debt Markets International CAPM Cross-border Valuation

Learning and Teaching

Teaching and learning methods

Weekly lectures will provide an overview of the main issues arising in the module. Weekly classes will supplement the lectures which will support student learning by providing opportunities for students to attempt, and gain feedback on, numerical and problem-solving exercises. Students will also have the opportunity for both directed and non-directed independent reading.

TypeHours
Revision40
Wider reading or practice20
Follow-up work46
Lecture24
Tutorial10
Preparation for scheduled sessions10
Total study time150

Resources & Reading list

Sercu, P. (2009). International Finance: Theory into Practice. 

Bekaert, G. J., and R. J. Hodrick (2011). International Financial Management. 

Eun, C. S., and B. G. Resnick (2012). International Financial Management. 

Assessment

Formative

Multiple choice Test

Summative

MethodPercentage contribution
Examination  (2 hours) 100%

Repeat

MethodPercentage contribution
Examination  (2 hours) 100%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Printing and Photocopying Costs

There will be additional costs for printing.

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/recommended text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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