FINC620 - International Finance
Course Code: FINC620 Course ID: 2725 Credit Hours: 3 Level: Graduate
This course provides an understanding of current academic research in the areas of international finance and international macroeconomics. Students will learn the tools for conducting research in this field. A comprehensive overview of currency, equity, and international bond markets around the world. Institutional, theoretical issues, and current trends will be analyzed. A strong emphasis will be placed on the hedging techniques and tools used to reduce the risks associated with those financial markets. Students must have access to Microsoft Word and Microsoft Excel software.
After successfully completing this course, you will be able to:
- CO1. Critique the major markets that facilitate international business.
- CO2. Assess the relationships between exchange rates and economic variables.
- CO3. Examine the forces that influence relationships between exchange rates and economic variables.
- CO4. Deconstruct the best practices for measuring and managing exchange rate risk.
- CO5. Evaluate currency forecasting theories.
- CO6. Synthesize options for the management of long-term assets and liabilities, including motives for direct foreign investment, multinational capital budgeting, country risk, analysis, and capital structure decisions.
- CO7. Justify multi-national corporations' (MNCs') management of short-term financing and international cash management in a variety of real-world examples.
Method of Assessment
A. Tests & Paper
There will be two (2) tests in the course, a midterm and a final given in modules four and eight respectively. The tests in this class will consist of multiple choice questions and/or short answer problems. Tests will be three hours long and focus on the material covered in the course. It is the student’s responsibility to notify the instructor regarding any schedule changes or non- disability related accommodations. The course will have a comprehensive paper that will measure student understanding of the course objectives along with research and writing skills. Please refer to the APA Manual 6th edition for the format of the paper.
Course assignments will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.). These assignments will be a series of quizzes consisting of exercises, problems, and simulations. Assignments will have a specific due date with specific instructions. Late assignments will be subject to the university’s Late Work/Make-up Policy detailed in the student handbook. Please be advised the instructor reserves the right to implement their own late assignment policy.
Throughout the term, homework will be given in several modules to test student understanding of the material. Homework will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.) and consist of questions, problems, or simulations. Please be advised the instructor reserves the right to implement their own late assignment policy.
D. Discussion Forums:
Participation in the discussion forums is an essential component of the final grade. All students are expected to engage in lively discussions and answer instructor follow-up questions. The quality of participations along with student netiquette will be a part of the grade.
Assessment of the Course Objectives
1 - 7
Test question, paper, assignment, discussion, and homework
The following distribution will be used in assigning grades (decimal points will be rounded to the nearest whole number at semester’s end).
Quality Points/Grading Percent
4.0/ 100 – 94
3.67/ 93 – 90
3.33/ 89 – 87
3.0/ 86 – 84
2.67/ 83 –80
2.33/ 79 – 75
0.0/ 74 – 0
|Weekly Forums||10.00 %|
|Week 4 Forum||5.00 %|
|Week 8 Forum||5.00 %|
|Week 1 Homework - Chapter 1||1.43 %|
|Week 1 Homework - Chapter 3||1.43 %|
|Week 2 Homework - Chapter 4||1.43 %|
|Week 2 Homework - Chapter 5||1.43 %|
|Week 3 Homework - Chapter 6||1.43 %|
|Week 3 Homework - Chapter 7||1.43 %|
|Week 4 Homework - Chapter 8||1.43 %|
|Week 5 Homework - Chapter 9||1.43 %|
|Week 5 Homework - Chapter 10||1.43 %|
|Week 6 Homework - Chapter 11||1.43 %|
|Week 6 Homework - Chapter 12||1.43 %|
|Week 7 Homework - Chapter 13||1.43 %|
|Week 7 Homework - Chapter 14||1.43 %|
|Week 8 Homework - Chapter 15||1.43 %|
|Week 3 Assignment - Case Study||5.00 %|
|Week 7 Assignment - Research Paper||5.00 %|
|Week 1 Quiz - Chapter 1||2.50 %|
|Week 1 Quiz - Chapter 3||2.50 %|
|Week 2 Quiz - Chapter 4||2.50 %|
|Week 2 Quiz - Chapter 5||2.50 %|
|Week 5 Quiz - Chapter 9||2.50 %|
|Week 5 Quiz - Chapter 10||2.50 %|
|Week 6 Quiz - Chapter 11||2.50 %|
|Week 6 Quiz - Chapter 12||2.50 %|
Websites and Videos
In addition to the required course texts, the following public domain Websites are useful. Please abide by the university's academic honesty policy when using Internet sources. Note website addresses are subject to change.
- Khan Academy
- Accounting Coach
- American Psychological Association (APA) Style Website
- YouTube Video on Formatting an APA Style Paper
- Purdue Online Writing Lab
- Turnitin Website
- Microsoft Office Training Website
- YouTube Videos on Microsoft Excel for Beginners
|Book Title:||If you purchase the standalone hard copy or ebook, you can purchase the lab access through the MyLabsPlus tab in the classroom once your session begins. Also note, if you purchase a used or rental copy from any vendor, the lab code may not be included.|
|Electronic Unit Cost:||$48.60|
|Book Title:||Multinational Business Finance Plus MyFinanceLab with Pearson eText -Access Card Pkg,14th ed.|
|Author:||Eiteman, Stonehill and Moffett|
|Electronic Unit Cost:||$89.99|
Not current for future courses.