Students
ECON3060 – International Finance
2020 – Session 2, Special circumstance
Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
General Information
Download as PDF
| Unit convenor and teaching staff |
Unit convenor and teaching staff
Ha Vu
Contact via ha.vu@mq.edu.au
4 Eastern Road, room 429, ext: 8499
TBA
Xiaoman Selma Huang
|
|---|---|
| Credit points |
Credit points
10
|
| Prerequisites |
Prerequisites
20cp at 2000 level or above including ECON203 or ECON2003 or ECON204 or ECON2004
|
| Corequisites |
Corequisites
|
| Co-badged status |
Co-badged status
|
| Unit description |
Unit description
The aim of this unit is to analyse the structure, functions and operations of the international financial system and to evaluate its impact on the Australian economy. Topics may include: international capital flows and balance of payments; analysis of foreign exchange markets, arbitrage and speculation; discussion of purchasing power parity and real exchange rates; currency and commodity swaps; corporate management of exchange rate risk exposure in spot and forward markets; currency futures and options; Eurodollar markets; models of exchange rate determination; exchange rate forecasting techniques; international trade finance; international taxation; and foreign and direct portfolio investments; and international capital budgeting. |
Important Academic Dates
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
Learning Outcomes
On successful completion of this unit, you will be able to:
- ULO1: Analyse the structure, functions and operations of the international financial system.
- ULO2: Research and engage with confidence in international business decisions using the appropriate analytical tools.
- ULO3: Describe and analyse the risks that businesses and investors may face in the international markets.
Assessment Tasks
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Weekly tutorial and discussion | 20% | No | Every week, starting Week 2 |
| Online Test 1 | 20% | No | Week 7 |
| Essay | 20% | No | Week 9, 11pm Sunday October 11, 2020 |
| Final online examination | 40% | No | University Examination Period |
Weekly tutorial and discussion
Assessment Type 1: Participatory task
Indicative Time on Task 2: 13 hours
Due: Every week, starting Week 2
Weighting: 20%
Every week, students are required to attend a one-hour live tutorial via zoom, and post their response to one of the discussion questions into ilearn.
On successful completion you will be able to:
- Analyse the structure, functions and operations of the international financial system.
- Research and engage with confidence in international business decisions using the appropriate analytical tools.
- Describe and analyse the risks that businesses and investors may face in the international markets.
Online Test 1
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 5 hours
Due: Week 7
Weighting: 20%
A one-hour test will be held in week 7, consisting true/false with explanation, problem solving and short-answer questions.
On successful completion you will be able to:
- Analyse the structure, functions and operations of the international financial system.
- Research and engage with confidence in international business decisions using the appropriate analytical tools.
- Describe and analyse the risks that businesses and investors may face in the international markets.
Essay
Assessment Type 1: Essay
Indicative Time on Task 2: 15 hours
Due: Week 9, 11pm Sunday October 11, 2020
Weighting: 20%
This assessment involves students undertaking individual research on a topic given and writing a 1400-1600-word essay (excluding tables, diagrams and reference list).
On successful completion you will be able to:
- Analyse the structure, functions and operations of the international financial system.
- Research and engage with confidence in international business decisions using the appropriate analytical tools.
- Describe and analyse the risks that businesses and investors may face in the international markets.
Final online examination
Assessment Type 1: Examination
Indicative Time on Task 2: 27 hours
Due: University Examination Period
Weighting: 40%
A two-hour exam will be held during the University Examination period
On successful completion you will be able to:
- Analyse the structure, functions and operations of the international financial system.
- Research and engage with confidence in international business decisions using the appropriate analytical tools.
- Describe and analyse the risks that businesses and investors may face in the international markets.
1 If you need help with your assignment, please contact:
- the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
- the Writing Centre for academic skills support.
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Delivery and Resources
Each week, there will be a pre-recorded lecture posted on the unit iLearn page, along with the lecture slides. Starting in Week 2, we will also discuss questions regarding the lecture topics.
All materials for the unit, such as pre-recording lectures, lecture notes, readings, and discussion questions will be available to students on the unit iLearn site at http://ilearn.mq.edu.au. Students are strongly encouraged to check the unit iLearn page weekly for announcements as well as the unit schedule, additional readings, assessment information, and discussion questions.
Required and Recommended Texts, and other resources
Required text: Jeff Madura, Ariful Hoque, and Chandrasekhar Krishnamurti, International Financial Management, Cengage Learning, either Asia-Pacific edition (2018), or US edition (2020). (Older editions are fine too).
Here is the link to the latest US edition:
Recommended texts:
Geert Bekaert and Robert Hodrick, 2012 (2nd edition), International Financial Management, Pearson International. ISBN-13: 978-013-284-298-3
Alan C. Shapiro, 2014 (10th edition), Multinational Financial Management, Wiley. ISBN-13: 978-118-857-238-2
Useful resources for this course:
Banking Weekly Podcasts - Financial Times: podcast.ft.com/banking-weekly
www.bloomberg.com
www.theeconomist.com
www.bis.org
www.wsj.com
IMF Podcasts
Technology Used and Required
It is my expectation that the lectures of Econ360 will be recorded on the University’s i-Lecture facility. This can be found at: http://ilearn.mq.edu.au
The iLearn facility at this same site will also be the main vehicle through which unit communications will be made, and via which students can communicate with each other.
Unit Schedule
|
Week |
Lecture |
Assessment tasks |
|
1 |
Topic 1: Multinational firms, and international flows of funds |
|
|
2 |
Topic 2: Foreign exchange markets and government intervention |
Online Discussion 1 |
|
3 |
Topic 3: International financial markets |
Online Discussion 2 |
|
4 |
Topic 4: Currency derivative markets |
Online Discussion 3 |
|
5 |
Topic 5: International arbitrage and interest rate parity |
Online Discussion 4 |
|
6 |
Topic 6: Relationship between inflation, interest rate, and exchange rate |
Online Discussion 5 |
|
7 |
Online Test 1 (20%) |
Test (20%) |
|
8 |
Topic 7: Measurement and management of exchange rate risk |
Online Discussion 6 |
|
9 |
Topic 7 (cont) |
Assignment (20%): Due 11pm Sunday, October 11 Online Discussion 7 |
|
10 |
Topic 8: Management of long-term assets and liabilities |
Online Discussion 8 |
|
11 |
Topic 8 (cont) |
Online Discussion 9 |
|
12 |
Topic 8 (cont) |
Online Discussion 10 |
|
13 |
Topic 9: Management of short -term assets and liabilities |
|
Note: Each Online Discussion is worth 2%, together they are worth 20%.
Policies and Procedures
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Grade Appeal Policy
- Complaint Management Procedure for Students and Members of the Public
- Special Consideration Policy (Note: The Special Consideration Policy is effective from 4 December 2017 and replaces the Disruption to Studies Policy.)
Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Student Code of Conduct
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
Student Support
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Learning Skills
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
Student Services and Support
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Student Enquiries
For all student enquiries, visit Student Connect at ask.mq.edu.au
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IT Help
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