ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | INTERNATIONAL FINANCE (NON-SPECIALIST) | ||
Code | ACFI260 | ||
Coordinator |
Professor KC Milas Finance and Accounting Costas.Milas@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 5 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
12 |
6 |
6 12 |
36 | |||
Timetable (if known) |
60 mins X 1 totaling 12
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60 mins X 1 totaling 6
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60 mins X 1 totaling 6
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Private Study | 114 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Mid-Term Assessment Type: Written Exam Duration: 24 hour (recommended completion time 1 hour) Weighting: 20% Reassessment Opportunity: No reassessment opportunity; the reason is d | 1 hour completion ti | 20 | ||||
Assessment 2: Written Unseen Examination Assessment Type: Written Exam Duration: 24 hours (recommended completion time 2 hours) Weighting: 80% Reassessment Opportunity: Yes Penalty for Late S | 2 hours completion t | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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This module aims to develop a good understanding of the fundamental principles of international finance, especially focusing on the financial management of multinationals. The groundwork for this is laid in the first few lectures, where the aim is to provide students with an introduction to the core principles of finance, valuation and financial decision-making, within the domestic setting. These are therafter extended to incorporated the international dimension - foreign exchange rates and markets, foreign exchange exposure. |
Learning Outcomes |
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(LO1) Students will be able to identify the applications of fundamentals of finance in an international context |
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(LO2) Students will be able to examine how the process of Globalization extends to a MNE and the implications for risk and returns of a business |
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(LO3) Students will be able to explore the theory of competitive advantage to justify international trade |
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(LO4) Students will be able to evaluate the characteristics of an ideal currency |
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(LO5) Students will be able to identify the impact of the Balance of Payments in international foreign investment decisions |
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(LO6) Students will be able to explore the main approaches to exchange rate determination |
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(LO7) Students will be able to develop a critical perspective on the choice of exchange rate regimes |
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(LO8) Students will be able to distinguish between the three major foreign exchange exposures experienced by firms |
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(S1) Problem Solving Skills |
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(S2) Numeracy |
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(S3) Commercial Awareness |
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(S4) Teamwork |
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(S5) Organisational skills |
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(S6) Communication skills |
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(S7) IT skills |
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(S8) International Awareness |
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(S9) Ethical Awareness |
Teaching and Learning Strategies |
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Teaching Method: Online asynchronous learning materials Teaching Method - Synchronous Lecture Teaching Method: Seminar Teaching Method: Group Study Self-Directed Learning Hours - 114 Costs Information: Skills/Other At tributes Mapping Skills / attributes: Ethical Awareness Skills / attributes: International Awareness Skills / attributes: IT skills Skills / attributes: Communication skills Skills / attributes: Organisational skills Skills / attributes: Teamwork Skills / attributes: Commercial Awareness Skills / attributes: Numeracy Skills / attributes: Problem Solving Skills |
Syllabus |
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Multinational Financial Management: Opportunities and Challenges |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |