2014/2015
KAN-CIBSU1002U International Financial Markets
| English Title |
| International Financial
Markets |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Full Degree Master |
| Duration |
One Semester |
| Course period |
Autumn |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for MSc in Economics and Business
Administration
|
| Course
coordinator |
- Ole Risager - Department of International Economics and
Management (INT)
- Administration
Zahra Karoline Lindberg Olsen - Department of International
Economics and Management (INT)
|
| Ole Risager |
| Main academic
disciplines |
- Finance
- Economics, macro economics and managerial
economics
|
|
Last updated on
04-07-2014
|
| Learning objectives |
- The student should be able to outline what goes on in the
global macro economy and in the financial markets and furthermore
discuss how these developments affect businesses and government
policies
- The student should be familiar with major historic
international payments systems and be able to explain how these
systems affect businesses, investors and governments
- The student should be familiar with the most fundamental
theories of exchange rate behavior and be able to explain the key
factors that drive exchange rates
- The student should be able to explain how companies through the
use of hedging techniques (forwards, futures, options and swaps)
can manage financial risks
- The student should be able to explain the notion of value
investing and outline the strengths and weaknesses within an
international context
|
| Examination |
|
International
Financial Markets:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
December/January and February |
| Aids allowed to bring
to the exam |
Closed Book: no aids |
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
Description of the exam
procedure
Individual 4-hour written exam (no
written or technical aids are allowed). Make-up/ re-exam takes
place in January/February.
|
|
| Course content and structure |
|
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. |
| Expected literature |
- Moffett et. al (selected chapters) Risager Value Investing
(selected chapters) Power point slides highly important and part of
the curriculum.
- Uploaded articles.
- Download a few papers.
|
Last updated on
04-07-2014
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