Global Finance Methods - IIEI-302B

Course Description: This six-week online course introduces the student to international finance. It builds a strong foundation of understanding of the principles of sound international financial management. It explores finance issues related to globalization and the multi-national firm, the international monetary system, balance of payments, the foreign exchange market, foreign exchange rates and transaction risk exposure, international banking and the international transactions. The focus of this course is helping the student to understand the relationships and practical application of international finance as it relates to international trade.

Prerequisite: Business Accounting Concepts (IIEI- 230) or one year of equivalent business experience.

Course Credit: 3 Credit Hours

Major Course Topics & Course Outcomes

As a result of the group and individual activities included in this course, the student will acquire the following knowledge and skills that can be applied to the workplace:  

Foundations of International Financial Mgmt - Overview   

• Understand how finance relates to globalization 

International Monetary Policy  

• Identify key issues related to international monetary policy  

Balance of Payments   

• Recognize the factors impacting the balance of payments 

Foreign Exchange Market  

• Break down the mechanics of the foreign exchange market

Forecasting Foreign Exchange Rates  

• Determine how to forecast foreign exchange rates

Futures and Options on Foreign Exchange

• Assess the value of futures and options on foreign exchange to the firm

Management of Transaction Exposure

• Distinguish the exposure of international transactions

International Banking and Money Market

• Understand the international banking and money market

Interest Rate and Currency Swaps

• Examine the value of currency swaps in world financial markets

International Trade Finance

• Discuss how to apply international finance methods to finance international trade

Course Materials:

There is one textbook for this course.

International Financial Management, 4th Edition  2007, C. Eun, and B. G. Resnick, McGraw Hill, NY. ISBN 0072996862

Please note that textbooks are subject to change. Please contact your advisor before purchasing the textbook for your class to confirm.