EFB312 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: | EFB312 |
|---|---|
| Prerequisite(s): | EFB201 and EFB210 |
| Antirequisite(s): | EFB240, IBB202 |
| Equivalent(s): | EFX312 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,176 |
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | EFB312 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB201 and EFB210 |
| Equivalent: | EFX312 |
| Anti-requisite: | EFB240, IBB202 |
| Coordinator: | Ruchith Dissanayake | r.dissanayake@qut.edu.au |
Overview
As international markets become more integrated, knowledge and skills related to international financial management are becoming ever more important. This unit applies and extends the knowledge and skills gained from EFB201 and EFB210 to international settings. Students are introduced to the international aspects of financial management theory and practice, including: international arbitrage and parity conditions, foreign exchange risk management, international equity markets, political risk, and international capital budgeting. This unit will endeavor to prepare students to operate in the multinational world of the financial markets.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply knowledge of markets, products, and theories for problem solving and decision making in response to financial management issues that arise in international settings.
- Demonstrate information literacy, written communication and data synthesis skills to explain and justify information, theories, data and thinking relating to exchange rate forecasting.Relates to: UG Business Capabilities: PC (3.1)
- Apply knowledge of socially responsible financial decisions and actions in analysing and addressing financial issues.
Content
Students will learn about the history of exchange rate regimes and markets. In addition they will develop knowledge and skills required 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 and international investment risks. Furthermore, students will explore why companies expand internationally and where they get their funding from, and will gain brief introductions to international working capital management and corporate governance.
QUT Business Capabilities (Undergraduate)
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 and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Each session will consist of approximately two hours of lecture and one hour of tutorial/workshop. Lectures will focus on providing core theoretical and conceptual frameworks that are essential in the analysis of international financial issues. The tutorials/workshops provide the opportunity to solve certain practical as well as theoretical questions, which test students' understanding of the theories and concepts addressed during the lecture. The lectures and tutorials/workshops will also provide students with the opportunity to analyse cases that illustrate the application of international finance theories to the real world and to develop problem solving and decision making skills. Resources including copies of overheads for each lecture topic, tutorial questions and solutions are provided on the unit's Canvas site.
COVID-19 restrictions may require changes to the planned Learning Approaches described here. Students should refer to the unit Canvas site for the latest information.
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).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Mid-semester exam (open book)
Multiple choice tests covering Topics 1 to 6.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1)
Assessment: Problem solving task (Timed)
Real world problems presented. Power point slides should be submitted.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Report
Assessment name: Global Investment Report
This report is based on a real world case-study. The students will provide a report on the operations of a major multinational company, including issues with regard to business ethics, social responsibility, hedging foreign exchange risk, and designing optimal business strategy.
This is an assignment for the purposes of an extension.
Formative or summative: Summative and Formative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), SE (5.2)
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
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.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Madura, Hoque, and Krishnamurti (2018), International Financial Management, Asia-Pacific Edition 1
Recommended text(s)
Eun, Resnick, and Chuluun (2020), International Financial Management, 9th Edition
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.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO3
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO1, Problem solving task (Timed), Report
KS (1.1): Discipline Knowledge
Relates to: ULO1, Mid-semester exam (open book), Problem solving task (Timed), Report
KS (1.2): Technical and Technological Skills
Relates to: Report
PC (3.1): Professional Communication (Written)
SE (5.2): Global Social Responsibility
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Mid-semester exam (open book), Problem solving task (Timed), Report - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO3, Report - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3 - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO1, Problem solving task (Timed), Report - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO2, Report
Unit Outline: Semester 2 2024, Online
| Unit code: | EFB312 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB201 and EFB210 |
| Equivalent: | EFX312 |
| Anti-requisite: | EFB240, IBB202 |
Overview
As international markets become more integrated, knowledge and skills related to international financial management are becoming ever more important. This unit applies and extends the knowledge and skills gained from EFB201 and EFB210 to international settings. Students are introduced to the international aspects of financial management theory and practice, including: international arbitrage and parity conditions, foreign exchange risk management, international equity markets, political risk, and international capital budgeting. This unit will endeavor to prepare students to operate in the multinational world of the financial markets.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply knowledge of markets, products, and theories for problem solving and decision making in response to financial management issues that arise in international settings.
- Demonstrate information literacy, written communication and data synthesis skills to explain and justify information, theories, data and thinking relating to exchange rate forecasting.Relates to: UG Business Capabilities: PC (3.1)
- Apply knowledge of socially responsible financial decisions and actions in analysing and addressing financial issues.
Content
Students will learn about the history of exchange rate regimes and markets. In addition they will develop knowledge and skills required 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 and international investment risks. Furthermore, students will explore why companies expand internationally and where they get their funding from, and will gain brief introductions to international working capital management and corporate governance.
QUT Business Capabilities (Undergraduate)
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 and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Each session will consist of approximately two hours of lecture and one hour of tutorial/workshop. Lectures will focus on providing core theoretical and conceptual frameworks that are essential in the analysis of international financial issues. The tutorials/workshops provide the opportunity to solve certain practical as well as theoretical questions, which test students' understanding of the theories and concepts addressed during the lecture. The lectures and tutorials/workshops will also provide students with the opportunity to analyse cases that illustrate the application of international finance theories to the real world and to develop problem solving and decision making skills. Resources including copies of overheads for each lecture topic, tutorial questions and solutions are provided on the unit's Canvas site.
COVID-19 restrictions may require changes to the planned Learning Approaches described here. Students should refer to the unit Canvas site for the latest information.
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).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Mid-semester exam (open book)
Multiple choice tests covering Topics 1 to 6.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1)
Assessment: Problem solving task (Timed)
Real world problems presented. Power point slides should be submitted.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Report
Assessment name: Global Investment Report
This report is based on a real world case-study. The students will provide a report on the operations of a major multinational company, including issues with regard to business ethics, social responsibility, hedging foreign exchange risk, and designing optimal business strategy.
This is an assignment for the purposes of an extension.
Formative or summative: Summative and Formative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), SE (5.2)
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
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.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Madura, Hoque, and Krishnamurti (2018), International Financial Management, Asia-Pacific Edition 1
Recommended text(s)
Eun, Resnick, and Chuluun (2020), International Financial Management, 9th Edition
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.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO3
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO1, Problem solving task (Timed), Report
KS (1.1): Discipline Knowledge
Relates to: ULO1, Mid-semester exam (open book), Problem solving task (Timed), Report
KS (1.2): Technical and Technological Skills
Relates to: Report
PC (3.1): Professional Communication (Written)
SE (5.2): Global Social Responsibility
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Mid-semester exam (open book), Problem solving task (Timed), Report - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO3, Report - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3 - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO1, Problem solving task (Timed), Report - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO2, Report