2016/17 Taught Postgraduate Module Catalogue

LUBS5006M International Business Finance

15 creditsClass Size: 150

Module manager: Dr Gianluca Veronesi
Email: G.Veronesi@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2016/17

This module is not approved as an Elective

Objectives

This module aims to provide a critical appreciation at an advanced level of the fundamental theories and concepts in relation to business decisions of multinational corporations and the institutional framework and activity of foreign exchange markets. The module attempts to relate theory to current corporate business decisions in an international context and the implications for businesses of being exposed to currency exchange rate risk.

Learning outcomes
Upon completion of this module students will be able to critically assess:
- key determinants and components of domestic and foreign currency exchange rates
- concepts and techniques involved in managing exposure to exchange rate risk
- the institutional framework and activity of foreign exchange markets
- use of hedging instruments

Skills outcomes
Upon completion of this module students will be able:
Transferable
- communicate effectively in writing
- work in a team
- demonstrate numeracy and quantitative skills, including data analysis and interpretation

Subject Specific
- independently undertake, synthesise and communicate analysis of implications of business decisions in an international context and exposure to foreign currency risk
- research and report on contemporary theories relevant to International Business Finance
- apply current theory and appropriate analytical tools to evaluate foreign strategic investment and formulate hedging strategies

Syllabus

The module requires students to be able to confidently use, interpret and manipulate financial formulas and numerical data. There are not pre-requisites for the module nor is the passing of this module a pre-requisite for any other module. The module is assessed by means a group assessed coursework (30%) and a 1.5 hour written examination (70%).
The syllabus provides coverage of some of the fundamental concepts and theories underpinning International Business Finance and indicative contents include: an overview of international financial management; the international monetary system; the foreign exchange market; international parity relationships; dealing with currency risk in international settings, using financial instruments to hedge foreign currency exposure; the management of economic, transaction and translation exposures.

Teaching methods

Delivery type	Number	Length hours	Student hours
Workshop	11	1.00	11.00
Lecture	11	1.00	11.00
Private study hours			128.00
Total Contact hours			22.00
Total hours (100hr per 10 credits)			150.00

Private study

Pre and post lecture reading (including formative MCQs): 30 hours
- Workshop reading and preparation: 20 hours
- Completion of assessed group coursework: 28 hours
- Preparation for written examination: 50 hours.

Opportunities for Formative Feedback

The students are monitored on a weekly basis in the workshop settings to which they have to prepare in advance. The students are also strongly encouraged to actively participate to the open discussions in lectures. The group assessed coursework provides students with the opportunity to use the knowledge acquired and discuss their thoughts with their peers.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 27/11/2015

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