Students
AFIN867 – International Financial Management
2017 – S2 Day
General Information
Download as PDF
| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Damian Bridge
Contact via Please contact via ILearn
Please check iLearn for consultation details
|
|---|---|
| Credit points |
Credit points
4
|
| Prerequisites |
Prerequisites
ACST603 or AFIN858
|
| 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.
|
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:
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
- To apply teamwork skills to attain effective and professional group outcomes.
General Assessment Information
“It is the responsibility of students to view their marks for each within session assessment on iLearn within 20 working days of posting. If there are anydiscrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regardingassessment marks (not including the final exam mark) will not be addressed.”
Assessment criteris for all assessments tasks will be provided on the unit iLearn site.
Assessment Tasks
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Assignment | 20% | No | Friday 27th October 1pm |
| Class Test | 15% | No | Week 7 |
| Quizzes | 5% | No | 23 August 2017 |
| Final Exam | 60% | No | Saturday 11th November |
Assignment
Due: Friday 27th October 1pm
Weighting: 20%
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for disruptions to studies is made and approved.
This assessment is composed of two parts.
In groups, students will be asked to prepare a presentation of one of the topics covered this semester. They are expected to be able to use real life examples of the content and explain in necessary detail. This is worth 10% The topic needs to be approved by your lecturer. Each student will need to present and be given a separate presentation mark. The groups will also be used to complete an assignment. The group assignment will be based on preparing a research report on the presentation topic you selected. This is worth 10%. Assignments must be submitted online via ilearn.
On successful completion you will be able to:
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
- To apply teamwork skills to attain effective and professional group outcomes.
Class Test
Due: Week 7
Weighting: 15%
The class test will be held in lectures in week 7 and include written and or multiple choice style questions.
There will be no supplementary test.
Students who have applied for disruption to studies and it has been approved will receive a verbal examination by two staff members.
You are permitted ONE A4 page of paper containing reference material written on one side. The material must be handwritten. The page will not be returned at the end of the examination.
More details regarding the exam will be made on iLearn closer to the exam date.
The class test will be of one hour duration.
On successful completion you will be able to:
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
Quizzes
Due: 23 August 2017
Weighting: 5%
There shall be one early semester quiz worth 5%. Please use this assessment task as an indicator of whether you are progressing satisfactorily in the unit. If you are having difficulties, please see the Unit Convenor and consider withdrawing before the census date on Friday of week 4.
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for disruptions to studies is made and approved.
On successful completion you will be able to:
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
Final Exam
Due: Saturday 11th November
Weighting: 60%
You are permitted ONE A4 page of paper containing reference material written on one side. The material must be handwritten. The page will not be returned at the end of the examination.
The final exam will consist of an invigilated online exam. The exam will be 120 minutes in length.
On successful completion you will be able to:
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
Delivery and Resources
Classes
· Students should attend one 3 hour class per week.
· The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/
Prizes
· Prizes for this unit (if applicable). http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships
Required and Recommended texts and/or materials
· International Financial Management: 7th Edition Eun & Resnick, Publisher: McGraw-Hill Irwin Copyright
· Set chapters for each topic’s lecture are drawn from this text and identified in the lecture topic table below. Students should read these chapters prior to the lecture, so that they are familiar with the material to be covered. This will greatly enhance your learning experience.
· Required texts can be purchased from the Macquarie University Co-op Bookshop.
Technology Used and Required
- Financial non-programmable calculators can be used in the unit. A financial calculator is not essential as a scientific non-programmable calculator should meet all your needs (calculation of the Internal Rate of Return (IRR) is not required in any of the assessment tasks). Note: Only non-programmable calculators without text retrieval functionality are allowed for use in the unit’s assessments tasks.
- Excel or similar spreadsheeting tool will be required to complete the assignment.
- Students should have access to the internet.
Unit Web Page
- Course material and announcements are available on the learning management system (iLearn).
Unit Schedule
|
Week No. |
Date (Week Beginning) |
Topic |
Chapters |
|
1 |
31 July |
Foundations of International Financial Management 1 |
1 & 2 |
|
2 |
7 August
|
Foundations of International Financial Management 2
|
3 & 4 |
|
3 |
14 August |
The Foreign Exchange Market 1
|
5 & 6 |
|
4 |
21 August |
The Foreign Exchange Market 2
|
7 |
|
5 |
28 August |
Foreign Exchange Exposure |
8 & 9 |
|
6 |
4 September |
World Financial Markets 1 |
11 |
|
7 |
11 September |
Mid Semester Exam |
|
|
8 |
2 October |
World Financial Markets 2 |
12 & 13 |
|
9 |
9 October |
World Financial Markets 3 |
14 |
|
10 |
16 October |
World Financial Markets 4 |
15 |
|
11 |
23 October |
Financial Management of the Multinational Firm 1 |
16 & 17
|
|
12 |
30 October |
Financial Management of the Multinational Firm 2 |
18, 19 & 20 |
|
13 |
6 November |
Revision |
Note:
These dates are subject to change.
All chapters relate to the relevant chapter numbers in the prescribed textbook.
Policies and Procedures
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy_2016.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
In addition, a number of other policies can be found in the Learning and Teaching Category of 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/support/student_conduct/
Results
Results shown in iLearn, 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.
Supplementary exams
Information regarding supplementary exams, including dates, is available at:
Student Support
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
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
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.
Graduate Capabilities
PG - Discipline Knowledge and Skills
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Learning outcomes
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
Assessment tasks
- Assignment
- Class Test
- Quizzes
- Final Exam
PG - Critical, Analytical and Integrative Thinking
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Learning outcomes
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
Assessment tasks
- Assignment
- Class Test
- Quizzes
- Final Exam
PG - Research and Problem Solving Capability
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by:
Learning outcomes
- Understand and appreciate changes in the global financial market that impact on international financial management.
- Demonstrate an understanding of new investment techniques, markets and risk management models.
- Critically evaluate advanced concepts relating to foreign exchange, financial derivatives, transaction exposure, capital structure and international portfolio theory.
- To apply teamwork skills to attain effective and professional group outcomes.
Assessment tasks
- Assignment
- Class Test
- Quizzes
- Final Exam
Changes from Previous Offering
Removal of 4 online quizzes (5%)
Research and Practice
· This unit gives you opportunities to conduct your own research
Changes since First Published
| Date | Description |
|---|---|
| 26/07/2017 | changed dates |
| 23/07/2017 | Dates in unit scedule were incorrect |