Course info

This module is designed to introduce students to the concepts of international finance and to develop an in-depth understanding of the international financial environment and how it affects businesses in the short and the long term. The module focuses on three broad and interrelated conceptual issues: a) international markets and institutions; b) international risk management; c) management and measurement of foreign exchange exposure, and sources of capital available to businesses. In particular, it examines issues such as history of the international monetary system, international financial markets and banking, foreign exchange market and foreign currency derivatives, transaction, translation and operation exposure, sources of international capital available to large businesses and small entrepreneurial firms. The module introduces the two main functions of the foreign exchange market, namely, conversation of foreign currency and insuring against foreign exchange risk. The module provides a basis for a critical understanding of the theoretical concepts, systems and functions of the international financial markets, institutions and financial risk management.

The course seeks to enable students to acquire an understanding of the international financial markets, institutions and source of international finance available to businesses that are applied to the study of different aspects of international enterprise and business development. The module aims to equip students with the knowledge, skills, and competencies to carry out a business report supported by critical understanding of the financial markets, institutions and financial risk management in the context of the international business environment.