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International Finance

The steady trend towards economic globalization increases the significance of international links for both countries and companies.

In this course, students will first learn the basic theoretical underpinnings of international trade and then focus on how it is organized in practice, with strongest emphasis on the management of multinational companies (MNCs). The material can be roughly divided into four segments:

  1. Basics of currency exchange: terminology, quoting conventions, cross-rates, triangular arbitrage, structure and functioning of the foreign exchange (FX) market
  2. Institutional and conceptual background: international monetary system, balance of payments, parity conditions, forecasting exchange rates
  3. Managing FX exposure: measuring transactional, translational and operational exposure; hedging instruments and strategies
  4. International investments and valuation: cost of capital; foreign direct investments (FDI) and cross-border mergers and acquisitions (M&A); international taxation

Students should expect a good deal of calculations and have a basic grasp of Excel to succeed in the course.

  • Course structure

    The course workload is 200 hours equivalent to 7,5 ECTS (40 hours per week equivalent to 1,5 ECTS).
    The language of instruction is English.

    Teaching format

    The course consists of a combination of lectures, seminars and group work and requires a significant portion of self-study on the part of students. Assessment for the course will be continuous and is carried throughout the different activities of the course.
    Please note that all teaching and learning activities - such as lectures, seminars, assignments and assessment tasks – are carried out in English when the language of instruction is English.

     

    Assessment

    Assessment for the course will be continuous and is carried throughout the different course activities. Each assessment task is weighted in relation to its importance in the overall assessment of the course. The student’s results from the different assessment tasks are added up to a total course score that will then translate into the final grade for the course.

    Assessment tasks

    The course contains the following weighted assessment tasks:

    1. Individual written exam.

    2. Quiz (Multiple Choice Test).

    3. Group Project.

    After completion of the course, students will receive grades on a scale related to the intended learning outcomes of the course. Passing grades are A, B, C, D and E. Failing grade is F.

  • Schedule

    The schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course.
  • Course literature

    Note that the course literature can be changed up to two months before the start of the course.

    See reading list in the current syllabus.

  • Contact

    Course coordinator: coursecoordinator@sbs.su.se

    Head of course: Michal Dzielinski