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International Finance (FNCE90025)
Graduate courseworkPoints: 6.25Not available in 2019
You’re currently viewing the 2019 version of this subject
Overview
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Spot and forward foreign exchange, currency futures, options and swaps, rationales for foreign exchange hedging, the balance of payments, Purchasing Power Parity, risk and return, taxation and international capital budgeting.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Design links that must hold, in the absence of arbitrage, between domestic and foreign interest rates, forward exchange rates and spot exchange rates;
- Analyse the factors that are important in determining the extent to which a firm will hedge against changes in foreign exchange rates;
- Recognise factors that are important in determining exchange rates;
- Apply pricing principles to determine how forward exchange rates must be related to expectations of future spot exchange rates;
- Discuss how taxes can affect international investment decisions;
- Explain how to evaluate foreign projects.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Oral Communication
- Written Communication
- Collaborative Learning
- Problem Solving
- Team Work
- Statistical Reasoning
- Application of theory to practice
- Interpretation & Analysis
- Critical Thinking
- Synthesis of data and other information
- Evaluation of data and other information
- Using Computer Software
- Accessing data and other information from a range of sources
Last updated: 3 November 2022