EFN414 International Finance
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | EFN414 |
|---|---|
| Antirequisite(s): | EFN417 |
| Equivalent(s): | EFX414 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| Domestic tuition unit fee | $4,416 |
| International unit fee | $4,944 |
Unit Outline: Semester 1 2025, Gardens Point, Internal
| Unit code: | EFN414 |
|---|---|
| Credit points: | 12 |
| Equivalent: | EFX414 |
| Anti-requisite: | EFN417 |
| Coordinator: | En-Te Chen | e.chen@qut.edu.au |
Overview
This unit extends the knowledge and skills students have gained in prior units by exploring the influences, issues and challenges of the international environment. Students will investigate financial management issues arising in international settings and develop problem-solving and decision-making skills essential for financial practice.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply technical skills and knowledge of markets, products, and theories for problem solving and decision making in response to real world financial management issues arising in international settings
- Demonstrate information literacy and written communication skills to explain and justify information, theories, data and thinking relating to exchange rate forecasting
- Apply knowledge of socially responsible financial decisions and actions in analysing and addressing financial issues
Content
Students will learn the history of exchange rate regimes and markets, practical skills to calculate and understand current and expected foreign exchange rates, the workings of currency derivatives, the effect of changing exchange rates on firm value, the benefits of international investing, international investment risks, why companies expand internationally and where they get their funding from, and brief introductions to international working capital management and corporate governance. This knowledge will be useful to students in both their personal and professional lives.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
The approaches to teaching include lectures and tutorials. The lectures will focus on providing students with core theoretical and conceptual frameworks that are essential in the analysis of real world international financial issues. The tutorials will provide students the opportunity to solve key practical and theoretical questions which will test their understanding of the theories and concepts discussed during the lecture. The tutorials will also provide students the opportunity to analyse cases that illustrate the application of international finance theories to the real world.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
- Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Final Exam
Short-answer questions covering materials from all topics, incorporating calculations and the practical application of international finance concepts and theories.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), SE (5.2)
Assessment: Global Investment Report
This report comprises two components: 1) investing in a basket of currencies based on forecasts of international currency movements, employing a strategy that takes into account the dynamics between these currencies; 2) investing in companies based on financial indicators and ethical measures with detailed justification incorporating theories of international investment.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): : KS (1.1, 1.2), HO (2.2), PC (3.1) and SE (5.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Prescribed Text
The prescribed textbook for this course is:
- Eiteman, D.K., Daly K., Rath S., Stonehill, A.I., and Moffett, M.N. (2023) Multinational Business Finance, 16th Global Edition, Pearson
- Eiteman, D.K., Daly K., Rath S., Stonehill, A.I., and Moffett, M.N. (2011) Multinational Business Finance 2E, Pearson Australian Edition.
- Eiteman, D.K., Stonehill, A.I. and Moffett M.N. (2010). Multinational Business Finance, 12th ed., Pearson International Edition.
- Moosa, I.M., (2010). International Finance: An Analytical Approach, 3rd ed., Irwin/McGraw-Hill.
- Shapiro, A. (2013). Foundations of Multinational Financial Management. 10th edition, Wiley.
- Solomon, J. (2007). Corporate Governance & Accountability. 2nd edition, Wiley.
Additional Resources
Periodicals
Students are encouraged to consult periodicals/journals such as:
- Euromoney
- Asiamoney and Finance
- The Economist
- IMF International Capital Markets
- IMF Occasional Paper Series
- Bank of International Settlements
- Annual Reports
- Business Review Weekly
- Australian Business Monthly
- Far Eastern Economic Review
- Journal of International Business
- Journal of Finance
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Unit Outline: Semester 1 2025, Online
| Unit code: | EFN414 |
|---|---|
| Credit points: | 12 |
| Equivalent: | EFX414 |
| Anti-requisite: | EFN417 |
Overview
This unit extends the knowledge and skills students have gained in prior units by exploring the influences, issues and challenges of the international environment. Students will investigate financial management issues arising in international settings and develop problem-solving and decision-making skills essential for financial practice.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply technical skills and knowledge of markets, products, and theories for problem solving and decision making in response to real world financial management issues arising in international settings
- Demonstrate information literacy and written communication skills to explain and justify information, theories, data and thinking relating to exchange rate forecasting
- Apply knowledge of socially responsible financial decisions and actions in analysing and addressing financial issues
Content
Students will learn the history of exchange rate regimes and markets, practical skills to calculate and understand current and expected foreign exchange rates, the workings of currency derivatives, the effect of changing exchange rates on firm value, the benefits of international investing, international investment risks, why companies expand internationally and where they get their funding from, and brief introductions to international working capital management and corporate governance. This knowledge will be useful to students in both their personal and professional lives.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
The approaches to teaching include lectures and tutorials. The lectures will focus on providing students with core theoretical and conceptual frameworks that are essential in the analysis of real world international financial issues. The tutorials will provide students the opportunity to solve key practical and theoretical questions which will test their understanding of the theories and concepts discussed during the lecture. The tutorials will also provide students the opportunity to analyse cases that illustrate the application of international finance theories to the real world.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
- Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Final Exam
Short-answer questions covering materials from all topics, incorporating calculations and the practical application of international finance concepts and theories.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), SE (5.2)
Assessment: Global Investment Report
This report comprises two components: 1) investing in a basket of currencies based on forecasts of international currency movements, employing a strategy that takes into account the dynamics between these currencies; 2) investing in companies based on financial indicators and ethical measures with detailed justification incorporating theories of international investment.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): : KS (1.1, 1.2), HO (2.2), PC (3.1) and SE (5.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Prescribed Text
The prescribed textbook for this course is:
- Eiteman, D.K., Daly K., Rath S., Stonehill, A.I., and Moffett, M.N. (2023) Multinational Business Finance, 16th Global Edition, Pearson
- Eiteman, D.K., Daly K., Rath S., Stonehill, A.I., and Moffett, M.N. (2011) Multinational Business Finance 2E, Pearson Australian Edition.
- Eiteman, D.K., Stonehill, A.I. and Moffett M.N. (2010). Multinational Business Finance, 12th ed., Pearson International Edition.
- Moosa, I.M., (2010). International Finance: An Analytical Approach, 3rd ed., Irwin/McGraw-Hill.
- Shapiro, A. (2013). Foundations of Multinational Financial Management. 10th edition, Wiley.
- Solomon, J. (2007). Corporate Governance & Accountability. 2nd edition, Wiley.
Additional Resources
Periodicals
Students are encouraged to consult periodicals/journals such as:
- Euromoney
- Asiamoney and Finance
- The Economist
- IMF International Capital Markets
- IMF Occasional Paper Series
- Bank of International Settlements
- Annual Reports
- Business Review Weekly
- Australian Business Monthly
- Far Eastern Economic Review
- Journal of International Business
- Journal of Finance
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.