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2011/2012  KAN-IBS_IB21  International Financial Markets

English Title
International Financial Markets

Course Information

Language English
Point 15 ECTS (450 SAT)
Type Mandatory
Level Full Degree Master
Duration One Semester
Course Period Autumn
Time Table Please see course schedule at e-Campus
Study Board
Study Board for MSc in Economics and Business Administration
Course Coordinator
  • Ole Risager - Department of International Economics and Management
Ole Risager
Main Category of the Course
  • Economics, macro economics and managerial economics
Last updated on 29 maj 2012
Learning Objectives
The course aims to give students an understanding of global macroeconomic and financial market developments with particular emphasis on how these developments affect international corporations. We also discuss various hedging techniques that are available to corporations, including futures, options, and swap contracts.
International Macro and Financial Markets:
Assessment Written Exam
Marking Scale 7-step scale
Censorship Internal examiners
Exam Period December/January
Aids Closed Book
Duration 4 Hours
Individual 4-hour written exam (no written or technical aids are allowed). Make-up/ re-exam takes place in January/February.
Course Content

The course first outlines current macro and financial market trends within a historical context that enables students to get a proper perspective on the current financial crisis and the global recession. Then the course presents a menu of useful early warning signals and leading indicators that companies use in their risk management. Subsequently follows a presentation of different theories that seek to explain key developments in currency markets in particular. How multinational companies can manage these currency market movements, including upside and downside risks, is the next topic. In this context we also present and discuss various ways of hedging risks including futures, options and swap contracts.

Teaching Methods
A mixture of lectures, exercises, and cases. Students are expected to participate in class discussions.

Moffett, Stonehill, and Eiteman (2006). Fundamentals of Multinational Finance, 2nd Edition. Addison-Wesley.
Yamarone, Richard (2004). The Trader's Guide to Key Economic Indicators. Bloomberg.
Risager, Ole. Investing in Value Stocks. McGraw-Hill, forthcoming November 2009.