Reference no: EM132074896
Consider a course that you have recently completed. Perform a review of the course (the course represents a project and the course syllabus represents the project plan).
Course name International Finance and Economic
Course Description
Modern theories of international trade and current issues in selected areas of international finance are the subject of this course. Topics include: the theory of comparative advantage and decision-making, foreign exchange, balance of payments, the international monetary system, and foreign investments.
Additional Information
This course focuses on financial management of the multinational corporation (MNC) in an international economic setting: the foundations of international financial management, world financial markets and institutions, and global macroeconomic theory.
Most of the course will be on understanding many basic concepts of international finance and economics: globalization and multinational firms, the international monetary system, the market for foreign exchange, international banking and money market, international bond and equity markets, futures and options on foreign exchange, currency and interest rate swaps, and international economic theory.
The course also covers the practical side of international portfolio investments, management of economic, transaction and translation exposure as well as multinational cash management.
Emphasis is placed on managerial perspective and analysis. You will also study financial management issues of direct foreign investment, cross-border acquisitions, capital budgeting, and export and import. Finally, we will visit the issues of international tax and international corporate governance.
In your individual assignments, you will examine international finance principals and economic theories, apply them to current situations, and evaluate direct foreign investment. Individual assignments will include individual online discussion questions, exercises, and a project assignment entailing a detailed financial analysis of given investment scenarios and your final recommendation of one of the investment scenarios.
Course Objectives
Upon successful completion of this course, each student will be able to:
Evaluate information about the international environment, create and defend a rationale for involvement and Investment in the international financial and foreign exchange markets.
Identify and explain how the international firm interfaces with international markets by using the principles of the International Monetary System.
Apply the determinants of foreign currency exchange rates and evaluate the applicability of various forecasting theories regarding foreign exchange instruments and their respective transactions.
Given a future international business transaction, list the risks involved and formulate a strategy for hedging those risks. Given some plausible outcomes of those strategies, assess the effectiveness of the proposed strategy.
Explain the operations of the currency futures market and the currency options market as they apply to a real-world example of speculators interested in trading currencies to garner profits and firms in covering their foreign currency positions.
Analyze the rationale for Direct Foreign Investment, and apply it to a given authentic business scenario; incorporate the additional complexities of the capital budgeting process to foreign investments.
For a particular country/region, list, explain, and categorize: the various country risks; the major tax considerations; and the international parity conditions. Propose a strategy to deal successfully with these issues and considerations, as well as manage interest rate exposure.
Compare and contrast how to analyze cash flows between a foreign subsidiary and its US parent company, as well as the various techniques used to optimize cash flows in international cash management.
Discuss the use of long-term sources of funds to finance long-term projects in an authentic real-world scenario.
Given the current international environment, identify, compare, and evaluate the methods of financing international trade, keeping in mind the principle of global security and the equity market.