Module: International Finance

Module Specifications..

Current Academic Year 2023 - 2024

Please note that this information is subject to change.

Module Title	International Finance
Module Code	EF305
School	DCUBS
Module Co-ordinator	Semester 1: Fabiola Schneider Semester 2: Fabiola Schneider Autumn: Fabiola Schneider
Module Teachers	Liam Hourihane Michael Dowling Shaen Corbet Fabiola Schneider
NFQ level	8	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

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.

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Lecture	24	No Description
Independent Study	41	Library reading in prepation for lectures
Independent Study	60	Exam Revision
Total Workload: 125

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 Finance
Students 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 Markets
FX 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 Institutions
International 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 Firms
Students 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.

Assessment Breakdown
Continuous Assessment	25%	Examination Weight	75%

Type	Description	% of total	Assessment Date
Course Work Breakdown
Group assignment	n/a	25%	Week 8

Reassessment Requirement Type
Resit arrangements are explained by the following categories; 1 = A resit is available for all components of the module 2 = No resit is available for 100% continuous assessment module 3 = No resit is available for the continuous assessment component
This module is category 1

Indicative Reading List

Eun, C. and B. Resnick: 2020, International Financial Management, 9th edition, McGrawHill,

Other Resources

None

Programme or List of Programmes

AF	BA in Accounting and Finance
BS	Bachelor of Business Studies
BSE	Bachelor of Business Studies (Exchange)
BSI	Business Studies ( with INTRA )
BSSA	Study Abroad (DCU Business School)
BSSAO	Study Abroad (DCU Business School)
EB	BA in Global Business
EBC	BA in Global Business (Canada)
EBF	BA in Global Business (France)
EBG	BA in Global Business (Germany)
EBS	BA in Global Business (Spain)
EBT	BA in Global Business (USA)
ECSAO	Study Abroad (Engineering & Computing)
HMSA	Study Abroad (Humanities & Soc Science)
HMSAO	Study Abroad (Humanities & Soc Science)
INTB	Bachelor Business Studies International
SHSA	Study Abroad (Science & Health)
SHSAO	Study Abroad (Science & Health)

Date of Last Revision

21-SEP-11

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