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2023/2024  DIP-DHDVV1009U  International Finance

English Title
International Finance

Course information

Language English
Course ECTS 5 ECTS
Type Elective
Level Graduate Diploma
Duration One Quarter
Start time of the course Spring, Fourth Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Graduate Diploma in Business Administration (part 2)
Course coordinator
  • Rama Seth - Department of Finance (FI)
Main academic disciplines
  • Managerial economics
  • Finance
  • Globalisation and international business
Teaching methods
  • Online teaching
Last updated on 09-06-2023

Relevant links

Learning objectives
To attain the top grade, students are required to have a good understanding of the major concepts and issues in international finance. This includes the ability to:
  • Make financial decisions in the current globalized financial markets facing both multinational firms as well as in those not directly operating in the international arena.
  • Reconcile conflicting forces in this arena for firms to gain a competitive advantage.
  • In an increasingly globalized domain, apply the theories of international finance to real word problems such as formulating exchange rate expectations, making decisions on financing and investing, and managing risk.
  • Identify, explain, discuss and apply the core concepts, models and methods
  • Calculate, interpret and compare financial data discussed in class
Course prerequisites
The course requires basic knowledge of economic theory and financial markets.
Examination
International Finance:
Exam ECTS 5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Release of assignment The Assignment is released in Digital Exam (DE) at exam start
Duration 48 hours to prepare
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer
Make-up exam/re-exam Oral Exam
Duration: 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time: No preparation
Examiner(s): If it is an internal examination, there will be a second internal examiner at the re-exam. If it is an external examination, there will be an external examiner.
Course content, structure and pedagogical approach

The course consists of 40 online lessons each 45 minutes. 28 are live in blocks of either two or four lessons.

 

The forces of globalization have fundamentally changed the scope and activities of firms, thereby altering the practice of finance within these firms. As a consequence of an increasing reliance on tightly integrated foreign operations, a parallel world of finance has opened within every multinational firm, often overlooked in a basic finance course. Even firms not directly operating in the international arena are affected. This course will sensitize managers to the many aspects of financial decision making prompted by these changes. It will explain up-to-date theories of international finance and its practical, real-world applications. Topics to be discussed will include foreign exchange markets, international financial markets, euromarkets, risk including political risk and its management, and investment decisions in the global marketplace including International M&A.

Description of the teaching methods
Attendance of online lessons, participating in polls and quizzes during class.
One voluntary assignment.
Looking through lectures and cases assigned before each class helps in deeper learning but is not mandatory.

The teaching is in English, and all questions are encouraged.
Feedback during the teaching period
Continuous feedback is provided to students such that they can get a better understanding of the concepts covered in the course and learn how to apply them both to real-life situations (via cases) and problems related to exam-type questions via polls, quizzes, and problem solving. Continuous feedback is provided by discussing answers to questions posed, problems, polls, and quizzes in class.

This continuous feedback is a key cornerstone of the learning process in the course.
Student workload
28 online live lectures + 12 lectures pre-recorded. Minor changes can occur. 40 hours
Preparation (exam included) 97,5 hours
Expected literature

Eun and Resnick: International Financial Management 9e.

 

HBS Cases and a few others will be provided before relevant lectures.

Last updated on 09-06-2023