INTERNATIONAL FINANCE - 2023/4
Module code: MANM200
In today's global financial markets and business activity, managers are increasingly concerned with decision making across borders and in a multi-currency environment. This module examines currency markets and transactions, exchange rate systems and implications for exchange rate volatility, identification and management of currency risks that arise from international operations. It also examines issues that arise when firms seek financing outside their home markets.
Surrey Business School
VELEANU Veronica (SBS)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: N300
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 110
Lecture Hours: 10
Tutorial Hours: 10
Guided Learning: 10
Captured Content: 10
Prerequisites / Co-requisites
Indicative content includes:
Multinational Corporations and the Foreign Exchange Markets
Forward Markets and Transaction Exchange Risk
Exchange rate parity conditions – Interest Rate Parity, Purchasing Power Parity, the International Fisher effect
Exchange Rate Systems
Measuring and managing foreign currency risks
Foreign currency derivatives
|Assessment type||Unit of assessment||Weighting|
|Online Scheduled Summative Class Test||ONLINE MID-TERM TIMED CLASS TEST (50 MIN) WITHIN A 4-HOUR PERIOD||30|
|Examination Online||ONLINE FINAL TIMED EXAM (120 MIN) WITHIN A 4-HOUR PERIOD||70|
The assessment strategy is designed to provide students with the opportunity to demonstrate through a combination of written and numerical exercises their achievement of the module’s learning outcomes.
Thus, the summative assessment for this module consists of:
- A timed 50-minute online class test available during a 4-hour period online will be held during the mid-term class test week as timetabled.
- A timed 2-hour final exam during a 4-hour period online will be held during the summer exam period as timetabled.
Formative assessment and feedback
- Informal advice and discussion during lectures, set activities, tutorials and weekly office hours; timely response to student emails and questions prior to submission of class test and the exam (within a 3 working day window).
- Suggested solutions to weekly tutorial questions
- Marks will be available to students within three weeks of the date of the assessment
- Individual one-to-one feedback on the mid-term class test
- Students will receive examination marks after marking and moderation
- Critically evaluate the mechanics of currency markets, exchange rate behaviour and their impact on firms.
- Develop the analytical tools and framework for making or evaluating decisions on financing, investments and currency risk management of firms that operate in a global setting.
- Identify and select appropriate currency derivatives to the management of firm's exposure to foreign exchange risk.
|001||Appraise the benefits and risks of operating in foreign markets with different exchange rate and governance systems||KCPT|
|002||Assess and quantify exchange rate volatility and its potential impact on firms¿ exposure and decisions||KCPT|
|003||Apply equilibrium parity theories to exchange rate determination||KCPT|
|004||Measure and compare different sources of finance for a multinational||KCPT|
|005||Evaluate various financial derivative instruments and choose appropriate methods to hedge currency risk||KCPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The learning and teaching strategy is designed to allow students to come to grips with what is essentially a subject of mixed theory and calculations. A mix of teaching and learning methods will be used that includes:
- Weekly one-hour lectures and one-hour tutorials on campus.
- Online lecture captured content on demand (up to 1h per weekly topic) plus guided weekly activities.
- Regular consultation - module convenor will be available for answering questions from the students during weekly student feedback and consultation hours.
- Discussion forums on SurreyLearn to address any issues related to the content, learning and teaching environment, and delivery of the module and/or specific topics.
- Utilizing online materials and resources available on SurreyLearn, including weekly activities
- Support lecture material by directed reading in selected textbooks and journal articles.
Before each class session, you will be expected to have done the prescribed reading, allocated exercises and/or cases in order to be prepared for class discussion. Good participation in class and group discussion is expected.
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Upon accessing the reading list, please search for the module using the module code: MANM200
Programmes this module appears in
|International Corporate Finance MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Accounting and Finance MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Investment Management MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|International Financial Management MSc||2||Compulsory||A weighted aggregate mark of 50% is required to pass the module|
|Economics MA||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Economics and Finance MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2023/4 academic year.