International Finance

General Information

The objective of this subject is to understand how to manage the risks and take advantage of opportunities in the global financial markets. The subject will provide an analytical framework to understand the fundamentals of the macroeconomic environment of international finance. Students will apply an array of financial instruments and tools for managing foreign exchange and country risk, raising capital in the global financial markets and valuing cross-border and multi-currency investments. This capstone subject employs the case method and will require students to integrate materials learned from other subjects to gain a more thorough understanding of the financial alternatives. Students will learn new techniques and tools and apply these and foundational finance concepts to international or cross-border settings. The primary themes will focus on understanding 1) the nature of international financial markets, 2) risk management and hedging by firms with international operations, 3) the advantages and disadvantages of the diverse sources of funds available from international financial markets, and 4) issues related to cross-border and multi-currency valuation.

  • Academic unit: Bond Business School
    Subject code: FINC13-307
    Subject title: International Finance
    Subject level: Undergraduate
    Semester/Year: January 2018
    Credit points: 10.000
  • Timetable: https://bond.edu.au/timetable
    Delivery mode: Standard
    Workload items:
    • Tutorial: x12 (Total hours: 24) - Lab Tutorial 2
    • Lecture: x12 (Total hours: 24) - Weekly Lecture
    • Personal Study Hours: x12 (Total hours: 72) - Recommended study time & reviewing materials
    Attendance and learning activities: This is a case-based subject. The classroom contribution grade strives to measure how you have contributed to the learning environment of your classmates. After each lecture session, I record my perceptions of each student's contribution and also refer to the peer assessor's notes. Then I record a grade with attendance, participation, contribution (as defined during the first class powerpoint slides) each allocated a score out of 1; you can receive more than 1/1 for contribution for a given class. You are expected to email me ([email protected]) in advance (if possible), if you have to be absent from a lecture.
  • Prescribed resources:

    Journals

    • Southam, Dunbar and Lindquist (2013). Initial Public Offerings.

    Others

    • Colette Southam (2017). International Finance September 2017. Ivey Publishing
    • Various Authors Media. Provided on iLearn
    After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.
    iLearn@Bond & Email: iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.

    To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Academic unit: Bond Business School
Subject code: FINC13-307
Subject title: International Finance
Subject level: Undergraduate
Semester/Year: January 2018
Credit points: 10.000

Enrolment requirements

Requisites:

Pre-requisites:

Co-requisites:

There are no co-requisites
Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

In addition to the pre-requisite, students must also have successfully completed 120 Credit Points of their program prior to undertaking FINC13-307
Restrictions:

Nil

Assurance of learning

Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.

At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.

Program Learning Outcomes (PLOs)

Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.

Find your program

Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:

  1. Demonstrate the ability to identify and manage the risks faced by globally active firms and apply their knowledge and problem-solving techniques in capital raising and international valuation to take advantage of opportunities in the global financial markets.
  2. Work in a team setting to coordinate analysis of a case study to arrive at a sound financial decision regarding an international financing issue.
  3. Demonstrate the ability to deliver an effective oral presentation and to produce a clear and concise written report that demonstrates higher order understanding of key functions and concepts in international finance.
  4. Demonstrate the ability to select global financing strategies and propose ethically responsible solutions that will benefit the relevant stakeholders.
  5. Demonstrate an understanding of basic theorems of exchange rate determination, interest rates and inflation and the role of arbitrage in keeping the foreign exchange market efficient.

Generative Artificial Intelligence in Assessment

The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.

  • Type Task % Timing* Outcomes assessed
    Paper-based Examination (Limited Open) Midterm Examination 40% Mid-Semester Examination Period 1,5
    Case Study§ Partner (Your Choice) Case Study Report 10% Week 5 1,2,3,4,5
    Case Study Individual Case Study Report 10% Week 9 1,3,4,5
    Case Study§ Team Case Study Report, Presentation and Peer Assessment 20% Week 11 1,2,3,4,5
    *Class Participation Classroom Contribution 20% Ongoing 1,5
    • § Indicates group/teamwork-based assessment
    • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
    • C = Students must reach a level of competency to successfully complete this assessment.

  • Assessment criteria

    High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.
    Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.
    Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.
    Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment.
    Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.

    Quality assurance

    For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.

Type Task % Timing* Outcomes assessed
Paper-based Examination (Limited Open) Midterm Examination 40% Mid-Semester Examination Period 1,5
Case Study§ Partner (Your Choice) Case Study Report 10% Week 5 1,2,3,4,5
Case Study Individual Case Study Report 10% Week 9 1,3,4,5
Case Study§ Team Case Study Report, Presentation and Peer Assessment 20% Week 11 1,2,3,4,5
*Class Participation Classroom Contribution 20% Ongoing 1,5
  • § Indicates group/teamwork-based assessment
  • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
  • C = Students must reach a level of competency to successfully complete this assessment.

Study Information

Submission procedures

Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.

Policy on late submission and extensions

In fairness to your classmates, case reports cannot be accepted after the class discussion of that case. With instructor permission, an alternative assignment will be provided in situations where the deadline cannot be met.

Academic Integrity

University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.

Bond University utilises Originality Reporting software to inform academic integrity.

Feedback on assessment

Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.

Accessibility and Inclusion Support

If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.

Additional subject information

Subject curriculum

Approved on: Nov 2, 2017. Edition: 2.2
Last updated: Oct 10, 2022
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