International Financial Management

Faculty
Commerce & Business Administration
Department
Finance
Course Code
FINC 3305
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Typically Offered
To be determined
Campus
Online

Overview

Course Description
This is an introductory course, covering a range of financial instruments, interest rate swaps, future contracts in foreign currencies, convertible currency bonds, operation of financial markets, integration and deregulation of global financial markets, the European monetary system, the role of central banks in world economies, globalization and the growth of derivatives, world trade and the currency crises. The balance of international transactions, the current and capital accounts, syndicated credit arrangements for large global projects, interest parity, hedging, and dual-currency bonds will also be covered.
Course Content

Upon introduction of theory, students will be exposed to practical financial applications, and case studies.  Where appropriate, EXCEL-based templates will be used as part of the application component and Canadian corporations with international operations will be used to exemplify theory.

 

  1. Introduction to the international financial systems
    • WTO rules and regulations and globalization
    • globalization and the growth of derivatives
    • central banks and the balance of payments
    • international financial policies.
  2. Foreign exchange markets
    • the mechanics of currency trading
    • settlement dates
    • exchange controls
    • forwards, swaps, and interest parity
    • forward markets, and interest rates
    • margin requirements
    • futures contracts, and forward contracts
    • dual currency markets
    • interest parity with bid / asked spreads
    • economic functions of futures markets
    • foreign currency options
    • options on spot exchange
    • options on foreign currency futures
  3. Eurocurrency markets
    • eurobanking and eurocurrency centres
    • eurocurrency futures and options
    • syndicated eurocredits
    • implementation of euro
  4. International bond markets
    • new issue procedures
    • eurobond valuation and hedging
    • caps, floors, and collars
  5. Forecasting in international financial markets
    • purchasing power parity 
  6. The Asian banking systems
    • currency crises
    • the exchange rate mechanisms
    • the IMF interventions
Methods Of Instruction

Material will be presented within a lecture format.

Means of Assessment

Minimum of 3 evaluations, none of which will exceed 40%, for a total of 100%.

Learning Outcomes

At the end of the course, the successful student should be able to:

  1. master the basic theories of international finance;
  2. apply basic theories of finance into case analysis or simulated cases.
Textbook Materials

Textbooks and Materials to be Purchased by Students

 

Textbooks and materials will be chosen from:

 

  • Das, D.K.  International Finance: Contemporary Issues, latest ed.  New York: Routledge Publishing. 
  • Dufey, G. and Giddy, I.H.  Cases in International Finance, latest ed.  New York: Addison- Wesley.
  • Eun, C. and Resnick, B.  International Financial Management, latest ed.  McGraw Hill Irwin.
  • All students are required to have a financial business calculator.

Requisites

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Langara College (LANG) LANG INTB 2XXX (3) 2009/01/01 to -
Simon Fraser University (SFU) No credit 2004/09/01 to -
Thompson Rivers University (TRU) No credit 2004/09/01 to -
Trinity Western University (TWU) No credit 2004/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV COMM 2nd (3) 2004/09/01 to -
University of Northern BC (UNBC) UNBC COMM 2XX (3) 2004/09/01 to -
University of the Fraser Valley (UFV) UFV BUS 435 (3) 2004/09/01 to -
University of Victoria (UVIC) No credit 2004/09/01 to -
Vancouver Island University (VIU) VIU FNCE 4th (3) 2013/09/01 to -
Vancouver Island University (VIU) VIU FNCE 2nd (3) 2004/09/01 to 2013/08/31

Course Offerings

Winter 2021

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
16227
Thu
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Xue
Peng
Open
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
27
8
0
Days
Building
Room
Time
Thu
12:30 - 15:20