ACC2010 : International Finance and Financial Markets
ACC2010 : International Finance and Financial Markets
- Offered for Year: 2024/25
- Module Leader(s): Dr Gordon Mayze
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
Semester 1 Credit Value: | 10 |
Semester 2 Credit Value: | 10 |
ECTS Credits: | 10.0 |
European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Code | Title |
---|---|
ACC1003 | Introduction to Accounting and Finance (for Business School Students) |
Pre Requisite Comment
N/A
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
N/A
Aims
This module develops an understanding of the latest developments in the world of financial markets and examines practical issues involved in a firm's investment and financing decisions. Students will analyse issues relating to new investment appraisal, cost of capital, the effect of capital structure on firm value (particularly the effects of managerial incentives and signalling on a firm's financing decisions). Finally, the module will consider the risks that exist in foreign exchange, foreign trade and investment, and the use of techniques to manage such risks. Principles essential to the understanding of global financial problems will be identified alongside the policies and practices multinational companies employ to contend with these problems. After completion of the module students will be equipped with suitable theories and tools and be able to apply them to real world issues.
The module aims to enable students:
• to perform numerical analyses of investment appraisal and capital structure decisions
• To apply theories and quantitative analytical tools to effectively evaluate risks faced by firms and make financial decisions.
• to develop students’ understanding of investment and portfolio decisions, valuation of securities, and the effect of trading decisions on the behaviour of the financial markets
Outline Of Syllabus
1. Foundations of Finance
2. Time value of money and present values
3. The valuation of equity and debt
4. Risk and Return in Financial Markets
5. Portfolio theory
6. Asset pricing
7. The Efficiency of Financial Markets
8. Overview of corporate financing
9. Capital structure theories
10. International financial markets: risks and opportunities
Learning Outcomes
Intended Knowledge Outcomes
1. Understanding of the theory of finance, financial markets and the financial decisions of firms
2. Understanding of the portfolio theory and asset pricing models
3. Understanding of the Efficient Market Hypothesis
4. Understanding of global investment management
5. Understanding of financial services industry and international financial markets
Intended Skill Outcomes
As a result of studying this module, students will be able to:
1. Conduct project appraisal
2. Use financial models
3. Conduct data analysis
Teaching Methods
Teaching Activities
Category | Activity | Number | Length | Student Hours | Comment |
---|---|---|---|---|---|
Guided Independent Study | Assessment preparation and completion | 64 | 1:00 | 64:00 | Time for students to complete formative and summative assessments |
Scheduled Learning And Teaching Activities | Lecture | 15 | 2:00 | 30:00 | Person-in-person (PiP) lectures, 7 per semester and 1 revision at the end of semester 2 |
Guided Independent Study | Directed research and reading | 50 | 1:00 | 50:00 | N/A |
Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | Person-in-person (PiP) - 3 per semester |
Guided Independent Study | Independent study | 50 | 1:00 | 50:00 | N/A |
Total | 200:00 |
Teaching Rationale And Relationship
The mix of teaching methods is designed to reflect the skills based nature of the module.
Lecture materials will provide key concepts, backed up by guided reading. The lecture material is used to impart basic knowledge and understanding, although lecture sessions will also involve some elements of discussion and workshop activity. The small group teaching provides an opportunity to apply key knowledge and techniques, develop professional and cognitive skills and gain feedback thereon.
The subject requires a good deal of additional reading to supplement the lecture materials and provide a greater depth of understanding, as well as increasing exposure to the research literature.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
Description | Length | Semester | When Set | Percentage | Comment |
---|---|---|---|---|---|
Written Examination | 180 | 2 | A | 100 | Numerical and Essay Questions |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
Description | Semester | When Set | Comment |
---|---|---|---|
Prob solv exercises | 1 | M | Seminar questions provided |
Prob solv exercises | 2 | M | Seminar questions provided |
Computer assessment | 1 | M | Online Multiple Choice Questions |
Assessment Rationale And Relationship
The formal examination assess the students' intended knowledge and skills outcomes, as well as problem solving, numeracy and written communication skills.
If the 3 hour invigilated present in person exam cannot go ahead for health and safety reasons, the examination will be delivered in an online format that is considered suitable at the time.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC2010's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- ACC2010's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.