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
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
 
60 mins X 1 totaling 6
 
      60 mins X 1 totaling 6
 
 
Private Study 114
TOTAL HOURS 150

Assessment

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  24 hours    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  24 hours    80       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             

Aims

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

(LO1) Students will be able to identify the applications of fundamentals of finance in an international context

(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

(LO3) Students will be able to explore the theory of competitive advantage to justify international trade

(LO4) Students will be able to evaluate the characteristics of an ideal currency

(LO5) Students will be able to identify the impact of the Balance of Payments in international foreign investment decisions

(LO6) Students will be able to explore the main approaches to exchange rate determination

(LO7) Students will be able to develop a critical perspective on the choice of exchange rate regimes

(LO8) Students will be able to distinguish between the three major foreign exchange exposures experienced by firms

(S1) Problem Solving Skills

(S2) Numeracy

(S3) Commercial Awareness

(S4) Teamwork

(S5) Organisational skills

(S6) Communication skills

(S7) IT skills

(S8) International Awareness

(S9) Ethical Awareness


Teaching and Learning Strategies

Teaching Method: Online asynchronous learning materials
Unscheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method - Synchronous Lecture
Scheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method: Seminar
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Biweekly one hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 6
Attendance Recorded: No

Self-Directed Learning Hours - 114
Description: Students are expected to go through: a) the teaching material and exercises provided by the PowerPoint slides and b) the relevant reading list

Costs Information:
There are no specific costs attached to this modules as the textbooks will be available through the electronic versions offered by the library.

Skills/Other At tributes Mapping

Skills / attributes: Ethical Awareness
How this is developed: Lecture 4
Mode of assessment (if applicable): Written Examination

Skills / attributes: International Awareness
How this is developed: Most lectures
Mode of assessment (if applicable): Written Examination

Skills / attributes: IT skills
How this is developed: Use of electronic sources
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed: Workshops through presentation of answers
Mode of assessment (if applicable)

Skills / attributes: Organisational skills
How this is developed: Students are required to answer workshop questions prior to the scheduled time
Mode of assessment (if applicable)

Skills / attributes: Teamwork
How this is developed: workshops
Mode of assessment (if applicable)

Skills / attributes: Commercial Awareness
How this is developed: Most lectures
Mode of assessment (if applicable): Written Examination

Skills / attributes: Numeracy
How this is developed: Most lectures
Mode of assessment (if applicable): Written Examination

Skills / attributes: Problem Solving Skills
How this is developed: Most lectures
Mode of assessment (if applicable): Written Examination


Syllabus

 

Multinational Financial Management: Opportunities and Challenges
The International Monetary System
The Balance of Payments
Financial Goals and Corporate Governance
The Foreign Exchange Market
International Parity Conditions
The Global Financial and Eurozone Crises
The Economic Lessons from Previous Pandemics


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.