2015/2016
KAN-CSCEO1006U International Macro and Financial
Markets
| English Title |
| International Macro and Financial
Markets |
|
|
| 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)
|
| Contact information:
https://e-campus.dk/studium/kontakt |
| Main academic
disciplines |
|
|
|
Last updated on
05-08-2015
|
| 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 economy and financial markets and furthermore be able to
analyze how these developments affect businesses and government
policies
- The student should be familiar with key economic indicators and
be able to extract relevant information from these variable
- 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
|
| Examination |
|
International
Macro and 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 |
| 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.
|
|
| 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
macroeconomy performance. 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. Finally, students are also presented to
various financial investment strategies.
|
| Teaching methods |
| A mixture of lectures, exercises, and
cases. Students are expected to participate in class
discussions. |
| Expected literature |
|
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.
|
Last updated on
05-08-2015
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