Unit convenor and teaching staff |
Unit convenor and teaching staff
Ha Vu
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
20cp at 2000 level or above including ECON203 or ECON2003 or ECON204 or ECON2004 or AFIN250 or AFIN2050
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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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. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Weekly online discussion | 20% | No | Weekly, starting Week 2 |
Mid-session Test | 20% | No | Week 7, Thursday 07/09/2023 |
Essay | 20% | No | Week 9, 11:59pm Sunday 08/10/2023 |
Final examination | 40% | No | University Examination Period |
Assessment Type 1: Participatory task
Indicative Time on Task 2: 13 hours
Due: Weekly, starting Week 2
Weighting: 20%
Every week, students are required to post their response to the discussion questions into ilearn.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 5 hours
Due: Week 7, Thursday 07/09/2023
Weighting: 20%
A one-hour test will be held in week 7, consisting true/false with explanation, problem solving and short-answer questions.
Assessment Type 1: Essay
Indicative Time on Task 2: 15 hours
Due: Week 9, 11:59pm Sunday 08/10/2023
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).
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
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Each week, there will be a pre-recorded lecture posted on the unit iLearn page, along with the lecture slides.
Starting in Week 2, there will be one-hour tutorial class (via zoom), Thursday 1-2pm, or Thursday 6-7pm to 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 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.
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) |
Online Discussion 7 |
10 |
Topic 8: Management of long-term assets and liabilities |
Assignment (20%): Due 11:59pm Sunday 08 October 2023 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%.
Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct
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
At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.
The Library provides online and face to face support to help you find and use relevant information resources.
Macquarie University offers a range of Student Support Services including:
Got a question? Ask us via AskMQ, or contact Service Connect.
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Unit information based on version 2023.03 of the Handbook