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International Finance (FNCE90025)
Graduate courseworkPoints: 6.25Not available in 2019
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
Eligibility and requirements
Prerequisites
FNCE90019 Principles of Finance, FNCE90020 Derivative Securities. This subject is only available to those students who would satisfy the entry criteria for the Master of Applied Finance.
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE90019 | Principles of Finance | Not available in 2024 |
12.5 |
FNCE90020 | Derivative Securities | Not available in 2024 |
12.5 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
- One 2-hour examination (80%)
- Assignments totalling not more than 1000 words (20%)
Last updated: 3 November 2022
Dates & times
Not available in 2019
Time commitment details
Estimated total time commitment of 85 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022