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BRADLEY UNIVERSITY |
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FOSTER COLLEGE OF BUSINESS ADMINISTRATION |
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FINANCE |
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Fin 323, International Financial Management |
Dr. Arlyn R. Rubash |
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European Summer Session 2002 |
206 Baker Hall |
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E-mail: arr@bradley.edu |
1(309) 677-2258 |
CATALOG DESCRIPTION:
Financial characteristics of international business. International exchange, liquidity, markets, investments, and banking, in context of historical development, environmental characteristics, economic factors, political systems, and legal constraints. Emphasis on exchange rate exposure management. Cross listed as IB 323.
COURSE OBJECTIVE:
International Financial Management offers students an in-depth examination of the intersecting elements of finance and international business. Theories and applications are examined to introduce the current thinking and research in the field. The origin and impact of exchange rate risk and its management are emphasized. Foreign exchange market parity conditions and techniques for obtaining and using funds across multiple markets are examined.
TEXT:
Jeff Madura, International Financial Management, (seventh edition). South-Western College Publishing Company (2003).
Financial Times
INTERNET: hilltop.bradley.edu/~arr/courses/ess/fin323/
CLASS TIME: As assigned
OFFICE HOURS: By appointment
GRADE DETERMINATION:
The final course grade earned will be determined by a series of exams, reports and class participation. Preliminary exams will each cover a brief topic containing material from one to three chapters in the text. The final exam will be comprehensive. Exam weights will be variable according to the material covered. All exams will be taken on the Blackboard system. The standard percentage breakdown as shown below will be used in determining final grades.
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LOWER LIMIT |
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LETTER GRADE |
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UPPER LIMIT |
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90 |
<= |
A |
<= |
100 |
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80 |
<= |
B |
< |
90 |
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70 |
<= |
C |
< |
80 |
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60 |
<= |
D |
< |
70 |
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F |
< |
60 |
Students must take each exam by its scheduled time and attend all scheduled class meetings and visits. A final course grade reduction of one letter point will result for any visit missed. Attendance at a visit constitutes presence from its beginning until its conclusion.
PREREQUISITES: ATG 158; ECO 222; Junior/Senior Standing
Students should have a good calculator and ready access to a micro computer and be well acquainted with the Internet and its use.
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European Summer Session, 2002
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ASSIGNMENT SCHEDULE
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FIN 323
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Date |
Madura |
Topic |
Background Questions |
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4/20 |
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Introduction |
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1 |
Multinational Financial Management: An Overview |
1, 2, 4, 7, 13, 14 |
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2 |
International Flow of Funds |
1, 2, 4-7, 9, 10, 17 |
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3 |
International Financial Markets |
2, 3, 5, 7, 8, 10, 11, 13-15 |
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4 |
Exchange Rate Determination |
1-6, 14, 16 |
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5 |
Currency Derivatives |
1-8, 10-12, 14, 16 |
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6 |
Government Influence on Exchange Rates |
1, 2, 4, 5, 8, 9, 12, 18, 20 |
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7 |
International Arbitrage & Interest Rate Parity |
1-2, 4-5, 7-8, 11-12, |
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8 |
Relationships Between Inflation, Interest Rates, and Exchange Rates |
1-5, 7, 10, 14, 16, 27 |
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9 |
Forecasting Exchange Rates |
1-4, 6-9, 12, 21 |
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10 |
Measuring Exposure to Exchange Rate Fluctuations |
1-3, 6, 7, 14, 22, 23 |
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11 |
Managing Transaction Exposure |
1, 6, 7, 12, 19-24, 31, 34 |
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12 |
Managing Economic Exposure & Translation Exposure |
2, 3, 5, 7, 8 |
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13 |
Direct Foreign Investment |
2, 4, 5, 14, 15 |
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14 |
Multinational Capital Budgeting |
1, 2, 3, 5 |
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16 |
Country Risk Analysis |
1, 3, 6, 13, 14, 17 |
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17 |
Multinational Cost of Capital & Capital Structure |
1, 4, 5, 8, 9, 11 |
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18 |
Long-Term Financing |
1, 4, 5, 7, 8, 9, 10 |
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19 |
Financing International Trade |
1-6, 10 |
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20 |
Short-Term Financing |
1, 5, 6, 8-10, 15, 16 |
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21 |
International Cash Management |
2, 3, 5, 6, 8 |