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FIN518 International Financial Management (8)

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.

+ Subject Availability Modes and Location

Term 2
On CampusEconomic and Finance Institute
Session 1
OnlineBathurst Campus
On CampusCSU 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.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Assumed Knowledge

Assumed knowledge for this subject is equivalent to that covered in FIN516 or FIN530.

Enrolment restrictions

Postgraduate students only

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to analyse and evaluate the financial risks faced by firms engaging in international business activities and apply appropriate management techniques to hedge these risks;
  • be able to identify the causes and effects of changes in exchange rates on money and capital markets
  • be able to critically analyse existing theories of the relationships between spot and forward rates, relative interest rates and inflation rates in light of recent empirical research
  • be able to identify the various methods firms use to raise money in international financial markets and critically appraise the differences between these methods
  • be able to analyse the linkages between domestic and international financial markets
  • be able to identify relevant cost and revenue data and employ relevant methodologies to evaluate foreign investment proposals
  • be able to 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 and equity markets;
  • Interest rate risk management and currency swaps;
  • Foreign investment;
  • Multinational capital budgeting;
  • Financing foreign trade.

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The information contained in the 2018 CSU Handbook was accurate at the date of publication: 24 November 2017. The University reserves the right to vary the information at any time without notice.