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Module

NBS8249 : International Finance

  • Offered for Year: 2023/24
  • Module Leader(s): Dr Anastasios Evgenidis
  • 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
ECTS Credits: 5.0
European Credit Transfer System

Aims

The module aims to enable students:
• To develop understanding of the international investment environments and the latest developments in the international finance arena.
• To absorb the principles essential to the understanding of global financial problems and the policies and practices multinational companies use to contend with these problems.
• To apply theories and quantitative analytical tools to effectively evaluate international risks and make financial decisions.

Today’s financial markets are truly global in nature. No student of economics or finance would be able to fully understand current developments in the world without some background in international finance. This module covers the practical issues of international finance and summarises the current relevant literature. The module is self-contained as only understanding of the fundamentals of microeconomics, macroeconomics, and elementary calculus is expected. After completion of the course students will be equipped with adequate theories and tools and be able to apply them to real world issues.

Outline Of Syllabus

The International Monetary System and its history
The Balance of Payments
The Foreign Exchange Market
International Parity Conditions
Foreign Currency Derivatives: Futures and Options
Eurocurrencies, LIBOR, Interest Rate Swaps, Currency Swaps and other Interest Rate Derivatives
Currency Crises, Banking Crises and Twin Crises

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture22:004:00Online Live Lectures
Guided Independent StudyAssessment preparation and completion127:0027:00N/A
Scheduled Learning And Teaching ActivitiesLecture52:0010:00PiP Lectures
Guided Independent StudyDirected research and reading131:0031:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching51:005:00PiP Seminars
Guided Independent StudyIndependent study123:0023:00N/A
Total100:00
Teaching Rationale And Relationship

Lectures will introduce theories and relevant academic reading, explain concepts and give numerical examples.

Seminars will allow students to develop their understanding of the subject by practising with numerical exercises and answering questions of a descriptive nature using relevant academic literature.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination901A100N/A
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 exercises1MNumerical exercises will be given to students to be solved on their own. Answers and explanations will be posted on Canvas
Written exercise1MStudents can submit past exam papers for feedback
Assessment Rationale And Relationship

The examination is an appropriate method of assessing knowledge, theoretical understanding and problem solving skills under time constraints as experienced in the industry.

Reading Lists

Timetable