This is a third year specialisation unit in the Bachelor of Business (Banking and Finance) and Bachelor of Business (International Trade). The unit of study is concerned with how corporations manage cash flows generated in their international trading operations while addressing the various forms of risk related with international businesses. Students will apply theories in economics and finance to analyse problems and challenges that the international financial environment presents to modern day corporate financial managers. The management aspect of international financial corporations and the international banking environment and institutional structure and their operations are emphasized. Students will develop knowledge and skills in international banking and finance through engagement in a wide range of learner-centred activities that include online discussions and peer learning.

Unit details

Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BAO3402

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Analyse financial and banking decisions of globally operated businesses on the basis of critical reflection on conceptual and practical knowledge regarding the functioning of the foreign exchange market and international financial markets and instruments;  
  2. Critically review and apply a broad range of theories and concepts to examine the behaviour of international finance and banking operations;  
  3. Evaluate and apply technical knowledge to appraise the distinctive nature of international financial management decisions and emphasise the significance of managing foreign exchange exposure;  
  4. Critically evaluate various hedging approaches and techniques in order to exercise and defend professional judgement in managing currency exchange risk within the foreign exchange market;  
  5. Advocate and justify short-term and long-term investment, financial and cash management decisions in a global context; and  
  6. Collaborate in an ethical, socially responsible and effective manner within a team to address important and complex challenges that the international financial environment presents to modern day corporate financial managers.  

Assessment

Assessment type Description Grade
Test Week 4 Test 5%
Test Mid-semester test 15%
Report Critical Review Report 20%
Examination Final Examination - 3 hour all topics 60%
Note: Any hand-held calculators may be used in examinations.

Required reading

International financial management (4th ed.).
Madura, J. & Fox, R. (2017).
United Kingdom: Cengage Learning.

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