FINAN515-21H (HAM)

International Finance

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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

  1. Demonstrate a conceptual understanding of the organisation of foreign exchange markets.
  2. Determine and Analyse the relationships between foreign exchange rates and cost of capital.
  3. Apply the models covered in this paper to analyse a range of current issues in international finance.
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Paper Structure

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There will be a 3-hours of lectures.


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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • 1. Explain why firms and nations seek out and benefit from international business activities.
    Linked to the following assessments:
  • 2. Explain the workings of the Global Foreign Exchange Markets.
    Linked to the following assessments:
  • 3. Measure the impact of exchange rate movements on the cash flows of multinational Corporations (MNCs) and firms.
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  • 4. Identify and implement a variety of different strategies to promote international business.
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  • 5.Understanding of these outcomes above requires familiarity with concepts and evidence pertaining to many factors including:

    6. International monetary systems, monetary unions, balance of payments and the policy decisions of many nations;

    7. The reasons why MNC operate in different countries and how and why they move funds;

    8. Distinguishing between the actions taken, indicators reported, their impact on firm's profits and the welfare of people;

    9. The availability and reliability of relevant financial data; and

    10. Evidence from the academic and professional literature.

    Linked to the following assessments:
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Assessment

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To be eligible to pass this paper, students must achieve a minimum 50% for the whole paper.

The Assessment Components with weights are provided in the paper outline.

There is no Final Exam for for this Paper.

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Literature Review
15 Jan 2021
5:00 PM
15
  • Online: Submit through Moodle
2. Pitch an Idea: Research Pitch
30 Jan 2021
5:00 PM
20
  • Online: Submit through Moodle
3. Measuring Exposure to Exchange Rate Fluctuations
5 Feb 2021
5:00 PM
20
  • Online: Submit through Moodle
4. Individual Assignment: Determinants of Multinational Capital Structure
9 Feb 2021
5:00 PM
20
  • Online: Submit through Moodle
5. Research Paper
16 Feb 2021
5:00 PM
25
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Madura, Hoque and Krishnamurti, International Financial Management. (2018), Asia-Pacific 1st edition. Cengage.
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Recommended Readings

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Eiteman, Stonehill, Moffett, Multinational Business Finance (12e, 2010). Pearson Global Edition)

Moffett, Stonehill, Eiteman, Fundamentals of Multinational Finance (3e, 2009 Pearson)

Shapiro, Sarin, Foundations of Multinational Financial Management (6e, 2009 Wiley)

Piet Sercu, International Finance: Theory Into Practice (2009, Princeton)

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Other Resources

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Online Support

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Moodle is the official communication platform for this paper. All relevant materials and documents will be uploaded to Moodle in due course. Announcements will be posted on Moodle from time to time to inform you of important notices, updates and other development pertaining to this paper. It is your responsibility to check these Announcements regularly.

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Workload

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Preparing for the Literature Review: 40 hours

Preparing for the assignment: 62 hours

Preparing for the Research Report: 90 hours

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Linkages to Other Papers

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Prerequisite(s)

Acceptance into the Master of Applied Finance programme.

Corequisite(s)

Equivalent(s)

Restriction(s)

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