FINA 7320 course syllabus

FINA 7320 course syllabus - FINA 7320 SECTION 4QA...

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FINA 7320 SECTION 4QA International Financial Markets Online Summer 2017 Syllabus Part 1 CONTACT INFORMATION Professor: Monika L. Miller Office: N/A E-Mail : [email protected] Phone: 972-342-3685 Office Hours : Online and by appointment. WiFi Support (Gorman G/H):972-721-5030; [email protected] Business Resource Center (SB Hall 131) : 972-721-5277; [email protected] . COURSE DESCRIPTION This course covers policies and practices required to manage foreign exchange risk, finance international trade, and meet working capital and investment needs of multinational companies. Prerequisite: FINA 6305. Please refer to the UD Bulletin for course descriptions. COURSE OBJECTIVES Upon completion of this course, you will be able to: 1. Discuss the factors which differentiate a multinational corporation from a strictly domestic firm. 2. Describe the functions of agencies that facilitate international flows. 3. Identify the determinants of currency prices. 4. Explain how currency prices change based on changes in macroeconomic factors. 5. Describe how a country's balance of payments affects currency prices in foreign exchange (FX) markets. 6. Describe the various currency arrangements a country may adopt. 7. Explain the nature and source of exchange rate exposure. 8. Evaluate the level of exchange rate exposure a firm may have, given a firm's nature of business and operating environment. 9. Explain how exchange rate exposure may create risks and opportunities for domestic and multinational firms. 10. Demonstrate how international parity conditions link the prices of goods, interest rates, spot rates and forward rates globally. 11. Identify whether international parity conditions are met.
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12. Identify opportunities for arbitrage and describe methods to potentially exploit these opportunities. 13. Describe alternate derivative instruments that a domestic or multinational firm might use to mitigate exposure to interest rate risk. 14. Identify the types or risk exposure firms may be exposed to when using financial derivatives. 15. Evaluate cross-border investment opportunities, and describe a multinational corporation's decision criteria with respect to long-term capital budgeting and international taxation. 16. Discuss the various methods of payment for international trade and trade finance methods. EXPERIENTIAL LEARNING The faculty members of the Gupta College of Business are committed to providing experiential learning opportunities in their courses. We believe it is the most effective means for enhancing adult learning. This course incorporates experiential learning in the following way: The term project for this course involves virtual trading in stocks of US MNCs and foreign firms. In completing the project requirements, students will examine how US and foreign market performance may affect their stock holdings, how changes in exchange rates affect their selected stock holdings and how international events may impact their holdings. This project allows the student to learn more about international investing and firms that compete in the global arena. Using readily
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