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Emerging Markets Finance (FNCE90064)
Graduate courseworkPoints: 12.5Not available in 2023
To learn more, visit 2023 Course and subject delivery.
Overview
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In today’s world economy, business is conducted in a global arena. As a result financial managers are expected to have a global perspective. Emerging economies are the engine of growth opportunities in the world economy: financial decision making at many levels is, hence, increasingly dealing with the developing world. This course offers a conceptual as well as an applied framework for analyzing emerging markets from multiple perspectives in order to prepare business leaders to make sense of the challenges and make the most of the opportunities of succeeding in a globalized world.
This course is intended for post-graduate (Masters) students specializing in Finance with an interest in exploring business opportunities and future work in emerging markets or in financial decision making involving investments or corporate relations with the developing world. The course builds on the finance concepts learnt in the first and second year finance courses and provides students with a different perspective of finance in an emerging markets context - vital for a modern finance professional. Expertise in emerging market finance will enhance students’ marketability at places like multinational companies, hedge funds and money management firms, commercial banks, investment banks, development banks, consulting firms and financial market regulators.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Explain the key features of emerging financial systems;
- Identify the specific issues associated with financial intermediation in emerging markets;
- Explain and evaluate the concept of microfinance;
- Understand and evaluate the role of the IMF and World Bank in the context of emerging markets;
- Apply portfolio diversification principles to emerging equity and bond markets;
- Apply project and firm valuation techniques in the context of emerging markets;
- Understand the impact of country risk, credit risk, political risk and currency risk in an emerging market context; and
- Explain ownership and corporate governance issues relevant to emerging markets.
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; and
- Accessing data and other information from a range of sources.
Last updated: 20 December 2023
Eligibility and requirements
Prerequisites
- Admission into or selection of one of the following:
- MC-FINANCE Master of Finance
- MC-FINENH Master of Finance (Enhanced)
- MC-MGMTFIN Master of Management (Finance)
- MC-MGMTAFN Master of Management (Accounting and Finance)
AND
All of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE90018 | Corporate Financial Policy |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
FNCE90056 | Investment Management |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Excel spreadsheeting
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: 20 December 2023
Assessment
Description | Timing | Percentage |
---|---|---|
Real World Data/Case Project,(normally 3-5 students per group)
| From Week 3 to Week 12 | 40% |
Class participation: 10 - 15 minutes of each class will be allocated to group presentation/discussion based on periodicals: Financial Times, The Wall Street Journal etc. | From Week 3 to Week 10 | 10% |
End-of-semester examination
| During the examination period | 50% |
Last updated: 20 December 2023
Dates & times
Not available in 2023
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 20 December 2023
Further information
- Texts
Prescribed texts
No prescribed text
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Finance - 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: 20 December 2023