School of Management, Unit Catalogue 2007/08 |
MN50133 International finance |
| Credits: 3 |
| Level: Masters |
| Modular: no specific semester |
| Semester: 2 |
| Assessment: CW 100% |
| Requisites: |
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Aims: The aim of the course is to give the participants:
* a good understanding of the financial risks that arise when a company or organisation starts to trade overseas either through import/export or with a physical presence * an understanding of how the international financial markets work, the interrelationships and the language involved. Learning Outcomes: By the end of this unit, the student should be able to: * Understand the various functions that are the responsibility of the corporate finance team in an international context including liquidity management in a domestic and international context, funding, foreign exchange and interest rate risk management, tax planning, organisation and control. Skills: Intellectual skills * the facility to apply subject-specific knowledge into a range of complex situations, taking into account the overall implications for the other areas of the business; T,F & A * a critical awareness of current issues and frameworks in management; T&F * the ability to acquire and analyse data, information and situations; to evaluate relevance and validity, and to synthesise it in the context of topical business problems; T&F&A * an understanding of appropriate research and methodological techniques that allow detailed investigation into topical business issues and ability to use these skills to produce professional, critical reports in business and management. T&A Professional Practical skills * evaluate the current standing of an organization and practically contribute to the attainment of their company's strategies and objectives; T&A * operate effectively both independently as well as within teams and assume leadership roles where appropriate; T&F * be self-directed and able to act autonomously in planning and implementing projects at professional levels. F Transferable/Key skills * ability to conduct in-depth research into management and business issues. Personal/Interpersonal * the facility to communicate including presenting and marketing themselves and their ideas; preparation and production of effective business plans and reports. T&F Content: The course will look at: * Foreign Exchange Risk Management, how it arises and how it may be managed, the instruments involved and how to evaluate between them * Interest Rate Risk Management, how it arises and how it may be managed and the instruments involved and how to evaluate between them * International Cash Management, the objectives and techniques * International Investment Appraisal * Strategic implications of the risks involved. |