NBS8249 : International Finance
NBS8249 : International Finance
- Offered for Year: 2024/25
- Module Leader(s): Mr Francesco Fusari
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
Semester 1 Credit Value: | 10 |
ECTS Credits: | 5.0 |
European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Pre Requisite Comment
None
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
None
Aims
The module aims to enable students:
• To develop understanding of the international investment environments and the latest developments in the international finance arena.
• To absorb the principles essential to the understanding of global financial problems and the policies and practices multinational companies use to contend with these problems.
• To apply theories and quantitative analytical tools to effectively evaluate international risks and make financial decisions.
Today’s financial markets are truly global in nature. No student of economics or finance would be able to fully understand current developments in the world without some background in international finance. This module covers the practical issues of international finance and summarises the current relevant literature. The module is self-contained as only understanding of the fundamentals of microeconomics, macroeconomics, and elementary calculus is expected. After completion of the course students will be equipped with adequate theories and tools and be able to apply them to real world issues.
Outline Of Syllabus
The International Monetary System and its history
The Balance of Payments
The Foreign Exchange Market
International Parity Conditions
Foreign Currency Derivatives: Futures and Options
Eurocurrencies, LIBOR, Interest Rate Swaps, Currency Swaps and other Interest Rate Derivatives
Currency Crises, Banking Crises and Twin Crises
Learning Outcomes
Intended Knowledge Outcomes
At the end of the module students will be able to:
• Understand the global financial environment in which investors, financial institutions, governments and multinational companies operate and conduct international financial operations.
• Appreciate the different theoretical underpinnings to the financial relationships of international money markets and assess their practical implications for financial operators.
• Optimally make various corporate financial decisions, and apply different financial instruments (like exchange rate derivatives, triangular arbitrage and interest rate derivatives) with a view to achieving a set of given corporate objectives.
• Compare different theories of currency and banking crises and master their analytical explanation.
Intended Skill Outcomes
At the end of the module students should have developed ability to:
• Be confident in reading and using financial language related to international financial matters and academic literature in international finance.
• Understand the nature of exchange rate risk designing financial strategies that effectively deal with this type of risk.
• Solve some typical problems asked in the past editions of the exam for the CFA (Chartered Financial Analyst) certification.
• Develop a framework for analysis that will serve students well when they need to apply this material in their careers in the years ahead.
Teaching Methods
Teaching Activities
Category | Activity | Number | Length | Student Hours | Comment |
---|---|---|---|---|---|
Scheduled Learning And Teaching Activities | Lecture | 5 | 2:00 | 10:00 | PiP Lectures |
Scheduled Learning And Teaching Activities | Lecture | 2 | 2:00 | 4:00 | Online Live Lectures |
Guided Independent Study | Assessment preparation and completion | 1 | 27:00 | 27:00 | N/A |
Guided Independent Study | Directed research and reading | 1 | 31:00 | 31:00 | N/A |
Scheduled Learning And Teaching Activities | Small group teaching | 5 | 1:00 | 5:00 | PiP Seminars |
Guided Independent Study | Independent study | 1 | 23:00 | 23:00 | N/A |
Total | 100:00 |
Teaching Rationale And Relationship
Lectures will introduce theories and relevant academic reading, explain concepts and give numerical examples.
Seminars will allow students to develop their understanding of the subject by practising with numerical exercises and answering questions of a descriptive nature using relevant academic literature.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
Description | Length | Semester | When Set | Percentage | Comment |
---|---|---|---|---|---|
Written Examination | 90 | 1 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
Description | Semester | When Set | Comment |
---|---|---|---|
Prob solv exercises | 1 | M | Numerical exercises will be given to students to be solved on their own. Answers and explanations will be posted on Canvas |
Written exercise | 1 | M | Students can submit past exam papers for feedback |
Assessment Rationale And Relationship
The examination is an appropriate method of assessing knowledge, theoretical understanding and problem solving skills under time constraints as experienced in the industry.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8249's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- NBS8249's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.