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
Code KMBA630
Coordinator

 
Year CATS Level Semester CATS Value
Session 2021-22 Level 4 FHEQ Continuing Education Session 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 10

20

20

      50
Timetable (if known)              
Private Study 100
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1 Assessment Schedule (When) :Whole Session  Wks 1,2,3,5,6 & 7    30       
Assessment 2 Assessment Schedule (When) :Whole Session  Weekly    20       
Assessment 3 Assessment Schedule (When) :Whole Session  Wks 4 & 8    10       
Assessment 4 Assessment Schedule (When) :Whole Session  Wks 4 & 8    20       
Assessment 5 Assessment Schedule (When) :Whole Session  Week 8    10       
Assessment 6 Assessment Schedule (When) :Whole Session  Wks 2 & 5    10       

Aims

This module is a study of the organisational structure of international finance from a corporate perspective. Topics include international trade policy; payment methods; foreign exchange impacts on an organisation; transfer pricing and sources and use of global funds. Students will gain a practical understanding of how trends in the balance of trade, balance of payments and global demand for commodities affects organisations linked through a global economy


Learning Outcomes

(LO1) At the MBA level learning outcomes should be a mix of knowledge, comprehension and application level objectives. At the end of this course students will have gained an understanding of the issues involved and will be able to: Explain how global market phenomena impacts corporate financial decisions, analysis, tax management, consolidations of financial statements and operating options. Understand global risk considerations and demonstrate the ability to effectively mitigate or hedge global risk. Demonstrate the ability to source both short and long term financing from global sources. Explain how differing institutions and organisations affect global commerce. Explain how trade organisations and associations affect global commerce to include individual country's trade. labour and environmental policies.


Teaching and Learning Strategies

Teaching Method 1 - Lecture Description: Teaching Method 2 - Seminar Description: Teaching Method 3 - Tutorial Description:


Syllabus

 

1 Week 1 Topics The impact of globalisation and financial market integration on multinational and international firms. Introduction to global institutions and organisations that govern international payments and money creation Introduction to balance of payment accounting including current accounts, financial accounts and capital accounts Week 2 Topics The role and function of FX markets Theories of interest rate and FX rate determination The use of derivative products to hedge FX risk Week 3 Topics FX risk identification The use of derivative products and management techniques to manage risk exposure inherent in international operations Week 4 Topics The role and function of global financial markets Institutions and organisations that facilitate the development and use of global money and capital markets Financial management of the multinational and international firm Week 5 Topics Use of swap instruments to mitigate interest rate and FX risk Introduction to financial diversificati on through international portfolio development Week 6 Topics Introduction to Foreign Direct Investment (FDI) Defining and assessing global specific and country specific risks Week 7 Topics Budgeting for a Foreign Project Cross-Border Mergers and Acquisitions Drivers and Process WEEK 8 Topic Trade Financing Alternatives Introduction to international tax schemes and inter organisational transfer pricing Introduction to international treasury operation


Recommended Texts

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