Module Specifications.
Current Academic Year 2024 - 2025
All Module information is indicative, and this portal is an interim interface pending the full upgrade of Coursebuilder and subsequent integration to the new DCU Student Information System (DCU Key).
As such, this is a point in time view of data which will be refreshed periodically. Some fields/data may not yet be available pending the completion of the full Coursebuilder upgrade and integration project. We will post status updates as they become available. Thank you for your patience and understanding.
Date posted: September 2024
| |||||||||||||||||||||||||||||||||||||||||||
|
Repeat examination Array |
|||||||||||||||||||||||||||||||||||||||||||
|
Description The purpose of this module is to provide students with an understanding of international finance. Our perspective is that of the financial manager who must determine the best method for finding and allocating capital as well as managing risk. The objective of this course is, therefore, to equip the financial manager with the theoretical background to maximise firm value from international operations. Concepts such as exchange rates, hedging, foreign direct investment (FDI) and international markets are studied. Special emphasis is placed on practical example and the relevance of international finance to managers. Students are expected to participate in weekly lectures. | |||||||||||||||||||||||||||||||||||||||||||
|
Learning Outcomes 1. Apply theories of currency market movements. 2. Assess historical and contemporary international financial systems and compare their relevance to markets, the world of business and management. 3. Identify key factors that influence foreign direct investment and its drivers. 4. Determine how capital flows to international markets and how internationalisation of markets drives portfolio construction. 5. Appraise sustainability and its relevance for finance in different international contexts. | |||||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
|||||||||||||||||||||||||||||||||||||||||||
|
Indicative Content and Learning Activities
Foundations of International FinanceStudents are introduced to the theories of globalisation and the multinational firm. A historical background on the international monetary system is given and contemporary issues regarding monetary systems and the balance of payments are explored.Foreign Exchange MarketsFX Markets are introduced and students will learn how firms access these markets and understand relevant terminology and quotes, for both spot and forward markets. International parity relationships are examined in this context and are tested empirically. FX derivatives are studied as hedging techniques.Markets and InstitutionsInternational bond and equity markets are introduced and their relevance for the financial manager is discussed. International portfolio investment, and the diversification benefits it brings, are studied in some depth.Multinationals FirmsStudents study foreign direct investment (FDI) and cross-border M&A. We look at its motivations, and the effect on the firm. International capital structure is studied for firms with operations in multiple jurisdictions. | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||
Indicative Reading List
| |||||||||||||||||||||||||||||||||||||||||||
|
Other Resources None | |||||||||||||||||||||||||||||||||||||||||||