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2018/2019  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, Governance and Business (EGB)
Main academic disciplines
  • Finance
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 20-09-2018

Relevant links
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 business cycle and useful leading indicators and know how to avoid common investor/business pitfalls over the cycle
  • 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 on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter
Aids Closed book: no aids
However, at all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player), and the student is allowed to bring simple writing and drawing utensils (non-digital). PLEASE NOTE: Students are not allowed to communicate with others during the exam.
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 macroeconomic and financial market trends within a historical context that enables students to get a proper perspective on the current situation in markets and in the global economy.
Following this we move on to study key characteristics of the business cycle.
Then the course presents a menu of useful early warning signals and leading indicators.
These tools help to obtain a rational capital allocation over the cycle.
In addition, we discuss smart investment behavior.

Finally, we discuss various ways of hedging financial risks including through use of futures, options and swaps.
Description of the teaching methods
A mixture of lectures, exercises, and cases. Students are expected to participate in class discussions.
Feedback during the teaching period
1) Individual/group level feedback at class presentations.

2) Individual/group-level feedback during supervision meetings.

Student workload
lectures 33 hours
preparation for classes and exam 170 hours
Expected literature

  • Yamarone, Richard (2012), 3rd edition, The Trader's Guide to Key Economic Indicators. Bloomberg.
    Risager, O., 2016, Global Macroeconomics for Business and Investors, Mc-Graw-Hill

    Uploaded articles, etc.
Last updated on 20-09-2018