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BBA - International Business

International Finance

Programme Objectives

The programme has the following aims:

  1. To enable the study of organisations, their management and the changing external and international contexts in which they operate.

  2. Equip individuals for and/or development of a career in international business and associated specialized areas in business development, marketing, finance and tourism management at a professional or equivalent level to assume managerial positions in the arena of international business.

  3. Development of the ability to apply knowledge and understanding of international business and management to complex issues, both systematically and creatively, to improve business and management practice.

  4. Enhancement of lifelong learning and personal development so as to be able to work with self-direction and originality and to contribute to business and society at large.

Benefits

On successful completion of the programme, participants will be able to:

  1. Demonstrate understanding of management theories, current issues of management, the development of conceptual frameworks to guide their application within organizations operating in an increasingly global and competitive environment.
  2. Acquire a strong foundation in key functional areas of business management to enable them to succeed as effective managers in an increasingly complex and dynamic environment.
  3. Exhibit a coherent body of knowledge on economic, ethical, environmental, legal, political, sociological and technological factors together with their effects at local, national and international levels upon the strategy, behaviour and management of organisations.
  4. Demonstrate command of a range of competencies relevant to cross-border management, including inter-cultural awareness and understanding.
  5. Acquire and use a range of concepts, tools and techniques for problem solving and decision-making for analyzing complex and inter-related business scenarios.
  6. Demonstrate and apply critical skills enabling the investigation and evaluation of valid and relevant management issues and practices.

Programme Content

Overview

The purpose of this module is to provide students with an understanding of international finance. The theoretical background and practices to maximise firm value from international operations will be explored. Concepts such as exchange rates, hedging, FDI and international markets are studied. Special emphasis is placed on practical example and the relevance of international finance to managers.

Learning is facilitated via a series of lectures and supplemented with discussions of topics taking place in regular tutorials/ discussion forums. Tutorials/Discussions will involve supplementing the lectures using appropriate articles/case studies or discussions about international finance issues, tools and practices. Students’ learning is underpinned by core textbooks and recommended readings

Learning Outcomes

On completion of this module, students will be able to:

  • Apply theories of currency market movements.
  • Assess historical and contemporary international financial systems, and compare their relevance to markets.
  • Identify key factors that influence foreign direct investment and its drivers.

Syllabus

  • Foundations of International Finance:

    • Students are introduced to the theories of globalisation and the multinational firm. A historical background on the international monetary system is given and contemporary issues regarding monetary systems and the balance of payments are explored.

  • Foreign Exchange Markets: FX Markets are introduced and students will learn how firms access these markets and understand relevant terminology and quotes, for both spot and forward markets. International parity relationships are examined in this context and are tested empirically. FX derivatives are studied as hedging techniques.
  • Markets and Institutions: International bond and equity markets are introduced and their relevance for the financial manager is discussed. International portfolio investment, and the diversification benefits it brings, is studied in some depth.
  • Multinationals Firms: Students study foreign direct investment (FDI) and cross-border M&A including the motivations, and the effect on the firm. International capital structure is studied for firms with operations in multiple jurisdictions.

Resources

  • Course Materials provided by IPE.
  • Laurence Copeland, Exchange Rates and International Finance, 5th Edition, 2009, Pearson Education
  • Michael Moffett& Arthur Stonehill, Fundamentals of Multinational Finance, 3rd Edition, 2008, Pearson Education
  • Online resources on OCTAL Portal
  • Online databases from IPE’s E Library