Available in 2018
Course code

ACFI3140

Units

10 units

Level

3000 level

Course handbook

Description

In an increasingly global business world, awareness of the most important dimensions of international finance is vital. This course exposes you to the advanced aspects of corporate financial management in an international setting such as currency loans hedged with options and real exchange rates.

International Finance equips you with both the knowledge and the technical skills required to understand and analyse a range of relevant financial issues within the global environment.


Availability

Newcastle City Precinct

  • Semester 1 - 2018

Learning outcomes

On successful completion of the course students will be able to:

1. Review the problems of dealing in foreign currency and the advantages and disadvantages of overseas funding

2. Recognise and calculate forward exchange rates given spot rates

3. Identify market conventions on exchange rate quotation and correctly calculate those quotations

4. Demonstrate an integrative understanding of the foreign exchange market and the relationships between interest rates, spot and forward rates and expected inflation rates

5. Comprehend the range of hedging strategies including forward rate hedging and contingent hedging

6. Explain the use of futures and option contracts in hedging foreign exchange exposure

7. Analyse, evaluate and synthesise both quantitative and qualitative financial information to influence problem solving and decision making

8. Demonstrate the capacity to work independently and respond to change in a flexible adaptive manner.

9. Apply appropriate formats and technologies to financial communicaon.


Content

Provides systematic analysis of issues in international fiance, such as the international financial system, institutions and market practices, exchange rate quotation and behaviour, the relationship between spot and forward exchange rates, interest rates and expected inflation rates, the measurement of foreign exchange risk, managing foreign exchange exposure, foreign currency futures and options, portfolio diversification and international investment.


Requisite

Students must have successfully completed ACFI2070 to enrol in this course.


Assumed knowledge

ACFI2080 and one of the following courses STAT1060 or ECON1003


Assessment items

Quiz: Online Quiz

Quiz: Mid Semester Quiz

Written Assignment: Individual Assignment

Formal Examination: Final Exam


Contact hours

Newcastle City Precinct

Workshop

Face to Face On Campus 2 hour(s) per Week for Full Term

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.