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HA.E61 - Issues in International Finance* *CLOSED FOR FURTHER ENROLMENT*

Faculty
Part-time lecturer Lars Kolte
Course Coordinator
Associate Professor Bjarne Florentsen
Prerequisite/progression of the course
Student should have passed basic courses in Finance and Statistics. Knowledge of micro-economic relations is recommended.
Course content, structure and teaching
The course has a practical orientation based on the understanding of the fundamental theories of international finance. The objective is to provide students with a good understanding of the international financial markets in which the multinational company operates and how to manage the risks and take advantage of the opportunities inherent in international financial activity.
Central concepts are exchange rates, international interest rates, their determination through international parities and how to handle the exposures that international transactions of companies involve. Topics concerning international debt and security issues will be discussed as well as strategies for foreign direct investment and their management.
Theoretical concepts form the structure of the understanding of the management of multinational firms, and these concepts should be thoroughly understood. But the course will strive to emphasize the application of theory to real world cases and examples, including the political and cultural dimensions, the divergences of which are often central to the decision-making of the international company.
The course's development of personal competences
Problem solving, group work, independent thinking, optimization
Learning Objectives
The course should enable the student to:
  • Understand the basic concepts, theories and models for the working of international financial markets as well as their structure and development
  • Manage common challenges facing the multinational corporations in their international financial transactions and the development of strategic positions
  • Develop familiarity with the practical, political and cultural problems facing the multinational company in its daily as well as strategic operations
  • Learn to apply the theoretical basis to current events in international finance through practical examples
Type of examination, exam aids and assessment
Four hour open book exam with all course material incl. notes, except communication facilities. Calculator is recommended.
Students at the HA programme are able to write their bachelor project in connection with this course: No
Recommended literature
  • David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett, Multinational Business Finance, 11th ed., Prentice Hall, 2007.
  • Selected articles and hand-outs

Last updated by The Electives Office 03/02/2010