The globalisation of many businesses has increased the emphasis on international finance. Moreover, the integration of economies and development of global capital markets has added another area in which financial managers need to have an understanding. This course builds on the material in core courses and examines the fundamentals of international finance with an emphasis on investment and financing decisions. Topics include exchange rates, forward rates, interest rates and inflation, parity conditions, global debt financing, operating exposure, financing exposure and global capital budgeting.
International Finance Concepts introduces students to the challenges of financial management in a global business environment. Students who successfully complete this course should have a solid grounding in how problems in multinational financial management and decision making can be addressed and solved. To achieve this aim, the course has two broad themes. The first theme, covered during Friday afternoon and Saturday, introduces students to foreign exchange, how foreign exchange exposure poses risks for international companies, and how this risk may be controlled and minimised. We emphasise how managing risk can affect the value of the firm. While we concentrate on foreign exchange problems the lessons may be generalised to other forms of risk (for example, commodity prices and interest rates). The second theme, covered on Sunday, deals with decision-making in an international business environment and explores the role of financial decision-making and the responsibilities of those providing financial analysis. We will see how the role of a thoughtful and skilled financial decision-maker or advisor can add value to the firm
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
On completion of this course students should understand and be able to apply the processes and applications outlined in the course description.
Other Information
See the course outline on the College courses page. Outlines are uploaded as they become available.
Indicative Assessment
3hr closed-book exam.
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Workload
Students are expected to commit at least 10 hours per week to completing the work in this course. This will include at least 3 contact hours per week and up to 7 hours of private study time.
Requisite and Incompatibility
You will need to contact the Rsch Sch of Finance, Actuarial Studies & App Stats to request a permission code to enrol in this course.
Preliminary Reading
Assumed Knowledge
Introductory courses in both Accounting and Finance
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 3 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 3.00 | 0.06250 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2017 | $1926 |
- International fee paying students
| Year | Fee |
|---|---|
| 2017 | $2565 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.