Undergraduate Programme and Module Handbook 2017-2018 (archived)

Module ECOS3211: INTERNATIONAL AND MULTINATIONAL FINANCE

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS3211: INTERNATIONAL AND MULTINATIONAL FINANCE

Type	Tied	Level	3	Credits	20	Availability	Available in 2017/18	Module Cap		Location	Queen's Campus Stockton

Tied to	NN43
Tied to	N302
Tied to	N304
Tied to	N305
Tied to	N306
Tied to	N307
Tied to	N402
Tied to	N403
Tied to	N405
Tied to	N420

Prerequisites

Corporate Finance (ECOS2011) AND Macroeconomics and International Finance (ECOS2131)

Corequisites

None.

Excluded Combination of Modules

None.

Aims

This module aims to bring together student's knowledge of finance and quantitative techniques in order to investigate important topics within the International and Multinational Finance Literature.

Content

The following is indicative of the types of area to be covered:
introduction and basics of foreign exchange
PPP and IRP
exchange rate determination
efficiency of foreign exchange markets
foreign exchange exposure and risk
operating exposure
hedging risk and exposure
speculation in the foreign exchange markets
multinational portfolio investment
multinational capital investment

Learning Outcomes

Subject-specific Knowledge:

By the end of the module students should:
be aware of major theoretical underpinnings in key topics in International and Multinational Finance
be able to appreciate the recent empirical literature in selected key topics in International and Multinational Finance
have practiced skills of problem solving and critical thinking

Subject-specific Skills:

By the end of the module students will have had the opportunity to develop subject specific skills of theorethical analysis, application of knowledge to problems solving, and technical skills relating to key problems in International and Multinational Finance.

Key Skills:

Written communication - through summative assessment.
Planning, Organisation and Time Management - e.g. by preparing summative assignment, observing strict deadlines for the submission of work; preparing for examinations.
Problem Solving and Analysis - e.g. through addressing questions requiring the identification of relevant issues and principles and the use of critical thinking in assessed work.
Computer Literacy - e.g. downloading notes for revision and past exam papers from DUO.
Reasoning abilities - skills in assessing alternative ideas, and the criteria used in accepting or rejecting economic arguments, theories or theoretical systems.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

The mix of lectures and seminars will introduce students to key concepts and provide opportunities to explore issues in international and multinational finance in depth.
The examination will assess students' knowledge and critical awareness and allow investigation of key concepts.
This will be reinforced by the formative assessment in the form of an essay of 1500 words.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	21	1 Per Week	1 Hour	21
Seminars	8	fortnightly	1 Hour	8	■
Preparation and Reading				171
Total				200

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / duration	Element Weighting	Resit Opportunity
One written examination	2 hours 30 minutes	100%

Formative Assessment:

An essay of 1500 words max

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University