精东传媒app

With the increasing global integration of money and capital markets, an understanding of the foreign exchange environment in which multinational enterprises operate is fundamental to the financial management dimensions of operating such enterprises.

This course has been written with the intention of providing a systematic analysis of a representative range of analytical issues in international finance and investment against the background of global financial markets. The course initially examines the international monetary system and analyses exchange rates, their determinants and their relationship to significant economic factors. Students would be exposed to currency and interest rate derivatives and the numerous hedging strategies that firms can adopt to mitigate currency risk. The remainder of the course adopts the investment, financing and dividend decisions of firms and applies them to an international setting.

On successful completion of this course students should be able to:

1. synthesise business knowledge, disciplinary concepts, theories, principles and processes to use the foundations and characteristics of the international monetary system and the function and structure of the foreign exchange market in solving real world problems;
2. synthesise business knowledge, disciplinary concepts, theories, principles and processes to apply the determinants of exchange rates and use exchange rate quotations in their various forms to appropriate situations to solve problems facing firms and foreign exchange dealers;
3. apply business-related knowledge and technical skills to identify and manage various foreign exchange exposure using the appropriate numeracy skills and a comprehension of the nature and operation of forwards, futures, options and swap financial markets;
4. think critically, constructively and logically about foreign exchange issues and problems as they relate to real world scenarios and analyse how firms can utilise the global capital market to minimise their cost of capital and maximise availability.