Students

AFIN8067 – International Financial Management

2024 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Covenor
Tom Smith
See iLearn
Damian Bridge
damian.bridge@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
(Admission to MActPrac or MFin) or (ACST6003 or AFIN6012 or AFIN6013 or ACCG6003)
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit is concerned with the analytical techniques of international finance and investment. Topics include global flow of funds and international financial markets, foreign exchange markets, interest parity, arbitrage and currency speculation, purchasing power parity, real effective exchange, commodity swaps, short and long-term hedging of foreign currency risks, futures and options in currencies. Students will be equipped with the skills to critically analyse international currency and interest rate hedging activities as well as distinguish between international funding sources.

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: Critically analyse current changes in global financial markets that impact on international financial management, in particular exchange rate risk, capital structure and operational risks.
  • ULO2: Examine new and current investment techniques, markets and risk management models.
  • ULO3: Evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
  • ULO4: Develop and apply teamwork skills to attain effective and professional group outcomes.

General Assessment Information

Late Assessment Submission Penalty (written assessments)  

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.   

For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration. 

Assessment Tasks

Name Weighting Hurdle Due
Individual Assignment 30% No 11.55pm Friday 12th April
Group Assignment 30% No 11.55pm Friday 17th May
Final assessment 40% No 4pm Friday 31st May

Individual Assignment

Assessment Type 1: Quantitative analysis task
Indicative Time on Task 2: 20 hours
Due: 11.55pm Friday 12th April
Weighting: 30%

 

The assignment will involve the analysis of a financial scenario or problem.

 
On successful completion you will be able to:
  • Critically analyse current changes in global financial markets that impact on international financial management, in particular exchange rate risk, capital structure and operational risks.
  • Examine new and current investment techniques, markets and risk management models.
  • Evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.

Group Assignment

Assessment Type 1: Project
Indicative Time on Task 2: 20 hours
Due: 11.55pm Friday 17th May
Weighting: 30%

 

In this assessment, student groups will analyse and critique the international financial management activities of an Australian listed entity.

 
On successful completion you will be able to:
  • Critically analyse current changes in global financial markets that impact on international financial management, in particular exchange rate risk, capital structure and operational risks.
  • Examine new and current investment techniques, markets and risk management models.
  • Evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
  • Develop and apply teamwork skills to attain effective and professional group outcomes.

Final assessment

Assessment Type 1: Quantitative analysis task
Indicative Time on Task 2: 30 hours
Due: 4pm Friday 31st May
Weighting: 40%

 

An assessment task based on an international financial management scenario.

 
On successful completion you will be able to:
  • Critically analyse current changes in global financial markets that impact on international financial management, in particular exchange rate risk, capital structure and operational risks.
  • Examine new and current investment techniques, markets and risk management models.
  • Evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.

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

Please see ilearn for details.

Unit Schedule

Week No.

Date (Week Beginning)

Topic

Chapters

1

19 February

Foundations of International Financial Management 1

1, 2, 3 & 4

2

26 February

Library Research Presentation 

 
3 4 March  The Foreign Exchange Market 1 5 & 6

4

11 March

The Foreign Exchange Market 2

7

5

18 March

 Foreign Exchange Exposure 8, 9 & 10

6

25 March

Public Holiday – No Class

  

7

1 April

World Financial Markets 1

11

8

8 April

World Financial Markets 2

12 & 13

9

29 April

World Financial Markets 3

14

10

6 May

World Financial Markets 4

15

11

13 May

Financial Management of the Multinational Firm 1 & 2

16, 17, 19 & 20

12

20 May

Class Video Presentation

 

13

27 May

Final Assessment

  

Policies and Procedures

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.

Student Code of Conduct

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

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 connect.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Academic Integrity

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.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

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. 

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via the Service Connect Portal, or contact Service Connect.

IT Help

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.

Changes from Previous Offering

Creation of individual assessment 

Removal of Mid Semester Exam and Week 4 Quiz.

Creation of Final assessment

Removal of invigilated examination.

 

Unit information based on version 2024.03 of the Handbook