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2015/2016  KAN-CIBSO1002U  International Financial Markets

English Title
International Financial Markets

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Start time of the course 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)
Contact information: https:/​/​e-campus.dk/​studium/​kontakt
Main academic disciplines
  • Finance
  • Economics
Last updated on 07-07-2015
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • 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 Winter and Winter
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 07-07-2015