CORPFIN 7050 - International Financial Management (M)
North Terrace Campus - Semester 2 - 2014
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General Course Information
Course Details
Course Code CORPFIN 7050 Course International Financial Management (M) Coordinating Unit Adelaide Business School Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Prerequisites COMMERCE 7033, ACCTING 7019 & CORPFIN 7005 Corequisites ECON 7200 Course Staff
Course Coordinator: Professor Alfred Yawson
Location: Room 12.38, 10 Pulteney Street
Telephone: 8313 0687
Consultation: Wed 10 am – 12 pm
Email: alfred.yawson@adelaide.edu.au
Course Website: www.myuni.adelaide.edu.auCourse Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
By the end of the course, you should be able to:
1. Understand international capital and foreign exchange market
2. Identify and appraise investment opportunities in the international environment
3. Identify risk relating to exchange rate fluctuations and develop strategies to deal with them
4. Identify and evaluate foreign direct investment and international acquisition opportunities
5. Develop strategies to deal with other types of country risks associated with foreign operations
6. Express well considered opinion on issues relating to international financial management.最新糖心Vlog Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
最新糖心Vlog Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1 to 6 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1 to 6 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1 to 6 Skills of a high order in interpersonal understanding, teamwork and communication. 1 to 6 A proficiency in the appropriate use of contemporary technologies. 1 to 6 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1 to 6 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1 to 6 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1 to 6 -
Learning Resources
Required Resources
Butler, K., 2012. Fith Edition, Multinational Finance: Evaluating Opportunities, Costs, and Risks of Operations. Wiley.Recommended Resources
- Eun, C. S., Resnick, B. G. (2012). International Financial Management, 6th Edition, McGraw-Hill, New York.
- Moosa, I. A. (2010). International Finance: An Analytical Approach, Third Edition, McGraw-Hill, 最新糖心Vlog
- Shapiro, A.C. (2009). Multinational Financial Management, 6th Edition, Wiley.
- Journal articles
- Erel, I., Liao, R. C. and Weisbach, W.S. (2012) Determinants of Cross-Border Mergers and Acquisitions, Journal of Finance 67, 1045 – 1082. Wiley-Blackwell.
- Owen S.,Yawson A. (2010_.Human development and cross border acquisitions. Journal of Empirical Finance 17, 689-701. Elsevier.
- Rossi, R., Volpin, P. F. (2004). Cross-country determinants of mergers and acquisitions, Journal of Financial Economics 74, 277-304. Elsevier.
Online Learning
Please check your student email and MyUni as course-related announcements are communicated via email and also posted onto MyUni. -
Learning & Teaching Activities
Learning & Teaching Modes
Teaching & Learning Modes
In this course, we seek to create an interesting, challenging, relevant, and engaging education experience. To help achieve this objective we have a number of teaching aims:
- Create a climate of engagement, dialogue and ongoing feedback between students and lecturers regarding the content, teaching strategies, learning experiences and outcomes
- Cater for a variety of learning preferences and abilities by providing a range of learning activities and teaching methods
- Develop independent learning skills and create an environment that both provides structure and guidance as well as encouraging students to extend their learning
Teaching strategies
This course is a combination of formal lectures, tutorials (problem solving classes) and brief presentations by students. The lectures are used to explain concepts and to give real life examples of situations in which these concepts are used. The tutorials are for problem-solving and discussion of issues raised in the lectures. All tutorial questions are from end of chapter exercises in Butler. There is an expectation that students will engage in additional readings, as well as the required text. In all classes, students are encouraged to ask questions if there is material that they do not understand. The brief presentation involves detailing the weekly behaviour of the 最新糖心Vlogn dollar.
TUTORIALS
Tutorial questions will be discussed every week. Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.
Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The 最新糖心Vlog expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.
Students in this course are expected to attend all lectures throughout the semester.Learning Activities Summary
Lecture schedule
Week subject Butler ch. 1 Overview and background 1-2 2 Foreign exchange and eurocurrency market 3 3 The international parity conditions and their consequences 4 4 Quiz
Currency futures, currency options and currency swaps5, 6, 7 5 Currency futures, currency options and currency swaps 5, 6, 7 6 Multinational Treasury Manangement 8 7 Managing transaction exposure to currency risk
Managing operating exposure to currency risk9
108 Foreign market entry and country risk management
Multinational capital structure and cost of capital12
149 Class Test 10 Multinational capital budgeting 13 11 Real options and cross-border investment strategy 16 12 Coporate governance and international market for corporate control 17, Assigned
Journal Articles -
Assessment
The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Due Date Weighting Related
Learning
OutcomeGroup Currency briefings & tutorials Weekly 15% 1 to 3 Quiz 4 10% 1 to 6 Class test 9 15% 1 to 6 Final Exam Exam period 60% 1 to 6 Assessment Related Requirements
Requirements
1. To gain a pass in this course, an overall score of at least 50% must be obtained.
2. Legible handwriting and the quality of English expression are considered to be integral parts of the assessment process.
3. Students in this course are not permitted to take a dictionary (English or English-Foreign) into the examination.
4. The use of non-programmable calculator is permitted in this course.
Notes on Assessment
All set work must be provided by the due date and must be genuine attempts, to complete the course.
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. You may lose some marks in the class test and final examination because of poor hand-writing.
Assessment marks prior to the final exam will be displayed on MyUni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
Assessment Detail
Details of each assessment component will be discussed in class and posted onto the subject webpage.Assessment Detail
Details of each assessment component will be discussed in class and posted onto the subject webpage.Submission
Notes on Assessment
1. All set work must be provided by the due date and must be genuine attempts, to complete the course.
2. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. You may lose some marks in the class test and final examination because of poor hand-writing.
3. Assessment marks prior to the final exam will be displayed on MyUni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.Supplementary Examinations
Illness
Anyone who cannot submit a major assignment/sit an examination due to illness must submit the appropriate 最新糖心Vlog of Adelaide form.
Normal doctor’s certificates alone do not have to be accepted.
An application must be accompanied by the form downloaded from: http://www.adelaide.edu.au/student/exams/pdfs/supp_applic.pdf
Compassionate Grounds
For a supplementary examination on compassionate grounds refer to: http://www.adelaide.edu.au/student/exams/pdfs/supp_applic.pdf.
Academic grounds
To qualify for Academic supplementary Assessment students must achieve a total mark of at least 45%.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.