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NBS8249 : International Finance

  • Offered for Year: 2021/22
  • Module Leader(s): Dr Anastasios Evgenidis
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semester 1 Credit Value: 10
ECTS Credits: 5.0


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
Structured Guided LearningLecture materials91:009:00Pre-recorded lecture materials
Guided Independent StudyAssessment preparation and completion128:0028:00N/A
Scheduled Learning And Teaching ActivitiesLecture41:004:00PiP Lectures
Guided Independent StudyDirected research and reading133:0033:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching51:005:00PiP Seminars
Guided Independent StudyIndependent study121:0021:00N/A
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

Description Length Semester When Set Percentage Comment
Written Examination901A100Open book written exam - take home 24hr
Formative Assessments
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 Blackboard.
PC Examination1MSeveral short blackboard tests
Written exercise1MStudents can submit past exam papers for feedback
Assessment Rationale And Relationship

The open book written examination (24h) is an appropriate method of assessing knowledge, theoretical understanding and problem solving skills under time constraints as experienced in the industry.

Reading Lists