EPN-V2

ØABED3300 International Financial Management Course description

Course name in Norwegian
International Financial Management
Study programme
Bachelor Programme in Business Administration and Economics
Weight
7.5 ECTS
Year of study
2020/2021
Curriculum
SPRING 2021
Schedule
Course history

Introduction

The objective of this course is to develop the ability to understand and manage the particular financial challenges of multinational firms. These firms buy, sell, invest and source capital in foreign markets. They are thus faced with currency rate risk as well as risk related to foreign interest rates. Currency and interest rates are related to each other and to inflation and economic development. International financial management involves measuring risk exposure, evaluating the various options available in financial markets for dealing with the risks and making value maximizing decisions.

Recommended preliminary courses

The course primarily covers topics that do not build on elective courses. Thus required courses from first two years suffice although some concepts from elective courses, Corporate Finance (Foretaksfinans) and International Economics in particular, are useful.

Required preliminary courses

No prerequisites.

Learning outcomes

After completing the course, the student is expected to have achieved the following learning outcomes defined in terms of knowledge, skills and general competence:

Knowledge The student has acquired a basic understanding of the following programming topics:

  • types
  • instructions, instruction sequences and instruction jumps
  • functions (procedures)
  • tables (arrays)
  • classes and objects
  • inheritance
  • polymorphism

Skills

The student is capable of handling the following programming constructs in Java:

  • operators and types
  • control structures
  • classes, constructors and methods
  • abstractions and simple graphic user interfaces

General competence

The student is familiar with:

  • basic principles for creating programs
  • the connection between programming language and program development
  • concepts relating to the quality and readability of code

Content

  • The international financial environment
  • Theories of exchange rate determination
  • The international monetary system
  • Exchange rate behavior
  • Exchange rate risk management
  • Currency derivatives
  • Asset and liability management in international context

Teaching and learning methods

Lectures and individual exercises. The exercises are based on the students’ own work, supervised by the lecturer and/or a student assistant.

Course requirements

The following coursework is compulsory and must be approved before the student can sit the exam:

  • 3 assignments
  • 2 individual tests

Assessment

The grading is based on two components: 1. Obligatory Assignment; 2. Written examination.

The obligatory assignment counts 25% of the final grade. This assignment is to be carried out in groups of 2-3 students. However, in some special cases a student may be allowed to work individually. The teacher will give information regarding the deadline for handing in the assignment. The four-hour written examination at the end of the term counts 75% towards the final grade.

The final grade is based on weighted average of the obtained grades of the two components i.e. 25% for assignment + 75% for written exam.

The students who wish to write the examination later, or the students who want to re-write the examination are not required to do the assignment afresh. Their obtained grade of the assignment shall count towards their final grade.

Permitted exam materials and equipment

None.

Grading scale

One or several internal examiner. External examiners are used regularly.

Examiners

Emnet er ekvivalent (overlapper 10 studiepoeng) med: ITPE1400, LO127A og LO127I.

Ved praktisering av 3-gangers regelen for oppmelding til eksamen teller forsøk brukt i ekvivalente emner.

Course contact person

Muhammad Azeem Qureshi