International Finance

Unit code:BAO2007Study level:Undergraduate

Credit points

12
(Generally, 1 credit = 10 hours of classes and independent study.)

Location

City Campus
VU Online

Prerequisites

(Or equivalent to be determined by unit coordinator)
Co-requisites
(Corequisite units must be studied concurrently with this unit)

Overview

Gain skills essential for working in the exciting and ever-changing field of international banking and finance through studying the International Finance unit.

You will:

  • explore common international finance issues in the banking environment
  • apply economics and finance theories to analyse problems and challenges in international financial environments.

You will develop an understanding of:

  • current financial technological developments facing modern-day corporate financial managers
  • the operation and management of cash flows generated in international operations and their associated risks for financial corporations
  • the international banking environment and institutional structure.

To achieve work readiness, you will be engaged in a wide range of learner-centred activities that include:

  • modelling solutions for complex international financial problems using industry-specific computer applications such as MS-Excel and EViews
  • online discussions
  • peer learning.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Critically analyse financial decisions of globally operated businesses regarding the functioning of the foreign exchange market and international financial market;
  2. Critically review new trends and developments in the international financial market system;
  3. Evaluate the financial risks faced by firms engaging in international business activities and apply appropriate management techniques to hedge various risk exposures;
  4. Advocate for and justify short-term and long-term investment, financial and cash management decisions with current and emerging financial instruments and products such as crypto currency and blockchain in a global context; and,
  5. Investigate, in an ethical, socially responsible and effective manner within a team, important and complex challenges that the international financial environment presents to modern day corporate financial managers.

Assessment

For Melbourne campuses

Assessment type: Test | Grade: 10%

Online in-class test - MCQ and short answer questions covering developments within the international financial system.

Assessment type: Case Study | Grade: 25%

Case study analysis on foreign exchange market, international arbitrage and application of international parity conditions

Assessment type: Report | Grade: 30%

Research report on foreign exchange market trends and their impact on managing a firm’s financial resources (Group)

Assessment type: Test | Grade: 35%

Problem based test on derivatives, foreign exchange risk management, foreign investment and financing decisions and country risk

Note: Any hand-held calculators may be used in examinations.

Other locations

Assessment type: Test | Grade: 20%

MCQ and short answer questions

Assessment type: Report | Grade: 30%

Research report on foreign exchange market trends and their impact on managing a firm’s financial resources (Group)

Assessment type: Examination | Grade: 50%

Problem based exam on derivatives, foreign exchange risk management, foreign investment and financing decisions and country risk

Note: Any hand-held calculators may be used in examinations.

Assessment type: Case Study | Grade: 20%

Analysis on foreign exchange market and international financial market

Assessment type: Report | Grade: 30%

Managing international business and financial risk using hedging,?cryptocurrency?and blockchain?

Assessment type: Presentation | Grade: 50%

International expansion decisions

Assessment 3 Presentation 50% is a secure assessment including Q&A.

Required reading

Students will have access to required readings via VU Collaborate and are not required to purchase the listed textbook.

International financial management
Madura, J., Hoque, A., & Chandrasekhar, K. (2022). | (Asia-Pacific) Cengage Learning.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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