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International Finance

Description

Learning to take advantage of opportunities in the global financial markets while managing the associated risks is the aim of this advanced finance subject. The primary themes include understanding the nature of international financial markets, risk management and hedging by firms with international operations, the advantages and disadvantages of the diverse sources of funds available from international financial markets and issues related to cross-border and multi-currency valuation. You will apply theoretical frameworks to analyse the macroeconomic environment of international finance and employ 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 investments. The case method is central to the learning approach used in this subject, highlighting a number of contemporary organisations and issues in international finance. The material draws on and extends theories and concepts from previous subjects to provide an in-depth understanding of the themes noted above.

  • Academic unit: Bond Business School
    Subject code: FINC13-307
    Subject title: FINC13-307: International Finance
    Subject level: Undergraduate
    Semester/Year: September 2018
    Credit points: 10.000
  • Timetable: https://bond.edu.au/timetable
    Delivery mode: Standard
    Workload items:
    • Tutorial: x12 () - Lab Tutorial 2
    • Lecture: x12 () - Weekly Lecture
    • Personal Study Hours: x12 () - Recommended study time & reviewing materials
    Attendance and learning activities: Attendance at all class sessions is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible.
  • 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.
    [email protected] & Email: [email protected] 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: FINC13-307: International Finance
Subject level: Undergraduate
Semester/Year: September 2018
Credit points: 10.000

Enrolment requirements

Requisites:

Nil

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.

Assumed Prior Learning (or equivalent):

Restrictions:

Students must have completed 120 credit points prior to enrolling.

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 knowledge of basic theorems of exchange rate determination, interest rates and inflation and the role of arbitrage in keeping the foreign exchange market efficient.
  2. Apply knowledge of foreign exchange hedging to identify and manage the foreign exchange risks faced by globally active firms.
  3. Demonstrate the ability to select global financing strategies and propose solutions that will take advantage of opportunities in the global financial markets to the benefit of relevant stakeholders.
  4. Demonstrate the ability to deliver an effective oral presentation with appropriate visuals.
  5. Demonstrate the ability to produce a clear and concise written report that demonstrates higher order understanding of key concepts in international finance.
  6. Demonstrate the ability to work in a team setting to coordinate analysis of a case study to arrive at a sound financial decision regarding an issue in capital raising and international valuation.
  • Type Task % Timing Outcomes assessed
    Paper-based Examination (Limited Open) Mid-semester examination consisting of short answer, calculations, quantitative and qualitative analysis to support recommendations. 40% Week 7 (Mid-Semester Examination Period) 1,5
    Case Study Partner case study report. Two-page written report (plus exhibits) for in-depth foreign exchange risk hedging case prepared with a partner of your choosing. 10% Week 5 1,2,3,4,5,6
    Case Study Individual Case Study Report. Two-pages written report (plus exhibits) for in-depth international capital raising case. 10% Week 9 1,3,5
    Case Study Team Case Study Report. Two-pages written report (plus exhibits) for in-depth qualitative and quantitative analysis for an international initial public offering (IPO). A peer evaluation system will be used to assess the performance of each team member during the project. 10% Week 12 1,2,3,4,6
    Case Presentation Team Case Study Presentation. Formal presentation (10-15 minutes) with visuals to support your team’s position on the pricing of the IPO. A peer evaluation system will be used to assess the performance of each group member during the project. 10% Week 12
    *Class Participation Classroom Contribution Designed to encourage preparation and discussion of the cases. Equal weighting is given to attendance, participation and top contribution (as determined by the instructor and peer assessors). Mid-semester feedback will be provided. 20% Ongoing 1,4
  • 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) Mid-semester examination consisting of short answer, calculations, quantitative and qualitative analysis to support recommendations. 40% Week 7 (Mid-Semester Examination Period) 1,5
Case Study Partner case study report. Two-page written report (plus exhibits) for in-depth foreign exchange risk hedging case prepared with a partner of your choosing. 10% Week 5 1,2,3,4,5,6
Case Study Individual Case Study Report. Two-pages written report (plus exhibits) for in-depth international capital raising case. 10% Week 9 1,3,5
Case Study Team Case Study Report. Two-pages written report (plus exhibits) for in-depth qualitative and quantitative analysis for an international initial public offering (IPO). A peer evaluation system will be used to assess the performance of each team member during the project. 10% Week 12 1,2,3,4,6
Case Presentation Team Case Study Presentation. Formal presentation (10-15 minutes) with visuals to support your team’s position on the pricing of the IPO. A peer evaluation system will be used to assess the performance of each group member during the project. 10% Week 12
*Class Participation Classroom Contribution Designed to encourage preparation and discussion of the cases. Equal weighting is given to attendance, participation and top contribution (as determined by the instructor and peer assessors). Mid-semester feedback will be provided. 20% Ongoing 1,4

Study Information

Submission procedures

Students must check the [email protected] 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.

Policy on plagiarism

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

A peer-evaluation system will be used in this subject to help determine the individual marks for all group assessments. As part of the requirements for Business School quality accreditation, the Bond Business School employs 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.

Subject curriculum