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 | |
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
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.
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.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8249's Timetable