FIN518 International Financial Management (8)
CSU Discipline Area: Economics and Finance (ECFIN)
Duration: One session
Abstract:
The subject examines financial decision making in the international environment. Topics covered include foreign exchange, international finance markets, risk management in international finance and foreign investment analysis in international business. Assumed knowledge for this subject is equivalent to that covered in FIN516 or FIN530.
+ Subject Availability Modes and Locations
| Term 1 | |
|---|---|
| Internal | Economic and Finance Institute | Session 1 |
| Distance | Bathurst | Session 3 |
| Internal | CSU Study Centre Melbourne |
Continuing students should consult the SAL for current offering details: FIN518
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Enrolment restrictions:
Postgraduate students only
Objectives:
Upon successful completion of this subject, students should:
- Identify and analyse the financial risks faced by firms engaging in international business activities and apply appropriate management techniques to hedge these risks
- Investigate and analyse the causes and effects of changes in exchange rates on money and capital markets
- Critically analyse existing theories of the relationships between spot and forward rates, relative interest rates and inflation rates in light of recent empirical research
- Identify the various methods firms use to raise money in international financial markets and critically appraise the differences between these methods
- Investigate linkages between domestic and international financial markets
- Identify relevant cost and revenue data and employ relevant methodologies to evaluate foreign investment proposals
- Critically evaluate how ongoing changes in corporate debt markets and financial regulation impact on international financial markets and businesses operating internationally
Syllabus:
The subject will cover the following topics:
- The international monetary system
- The foreign exchange market
- Measuring and managing transaction exposure
- Measuring and managing operating exposure
- International arbitrage and interest rate parity
- Currency futures and options
- International debt & equity markets
- Interest rate risk management and currency swaps
- Foreign investment
- Multinational capital budgeting
- Financing foreign trade
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.