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Module

ACC2010 : International Finance and Financial Markets

  • Offered for Year: 2021/22
  • Module Leader(s): Dr Vu Trinh
  • Lecturer: Dr Deeya Sewraj
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

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

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials121:0012:00Pre-recorded lecture materials. 6 session per semester
Scheduled Learning And Teaching ActivitiesLecture121:0012:00PIP - 6 sessions per semester
Guided Independent StudyAssessment preparation and completion601:0060:00N/A
Guided Independent StudyDirected research and reading661:0066:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PIP - 3 per semester
Structured Guided LearningStructured non-synchronous discussion21:002:00Online session
Scheduled Learning And Teaching ActivitiesDrop-in/surgery41:004:00Online session. 2 per semester
Guided Independent StudyIndependent study381:0038:00N/A
Total200:00
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.

Assessment Methods

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination1802A100Numerical and Essay Questions
Exam Pairings
Module Code Module Title Semester Comment
LAC2010International Finance and Financial Markets2Paired with London module version for both semesters and resit
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MSeminar questions provided
Prob solv exercises2MSeminar questions provided
Computer assessment1MOnline 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.

Reading Lists

Timetable