- Class Number 2691
- Term Code 3030
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Ding Ding
- Dr Ding Ding
- Class Dates
- Class Start Date 24/02/2020
- Class End Date 05/06/2020
- Census Date 08/05/2020
- Last Date to Enrol 02/03/2020
This course is designed to provide students with the theoretical and analytical skills necessary to understand and evaluate key financial issues in the international finance and capital markets. Students will be introduced to fundamental principles of international financial management, and also become familiar with financial hedging strategies. Main topics include the international money market, international banking, exchange rate determination and purchasing power parity, effects of financial globalization, as well as financial risk management methodologies.
Upon successful completion, students will have the knowledge and skills to:
- Express an in depth understanding of key international finance concepts and their application in international financial markets;
- Collate, interpret and critically analyse international financial data; and,
- Critically analyse the risks for businesses operating in the global environment.
Students will acquire the following research skills in this course:
· Link and apply the theoretical concepts discussed in this course to real world issues;
· Develop basic research skills and learn to obtain relevant, up-to-date information;
· Be able to analyse and interpret current information, and turn it into knowledge; and,
· Present, discuss and defend a point of view.
Additional Course Costs
The only additional course costs are a non-programmable scientific calculator (not a financial calculator!), textbook and printing materials.
Examination Material or equipment
The only permitted materials in the examination are a calculator (scientific, non-programmable and not a financial calculator), dictionary (which will be checked at the examination, pen and ruler.
Students are expected to have access to a copy of the prescribed main text for the duration of the semester. The book can be purchased from the on campus bookshop, with a small number of copies of both the Eiteman et al. and Eun et al. books also available for 2 hour loan in the reserve loan section of the Chifley Library.
Main Texts and Reference Materials:
Eiteman, D., Stonehill, A., and Moffett, M. Multinational Business Finance, Global Edition. 14th edition. Pearson, 2016 (Main text)
Eun, C., and Resnick, B. International Financial Management. 8th edition. US: McGraw Hill, 2017.
Most of the course comprises of material from Eiteman et al. (2016) and Eun and Resnick (2017); for specific chapters assigned for each topic, refer to the weekly Study Schedule and Wattle. The lectures will follow the text fairly closely but may include additional materials (journal articles, specialised reports, etc) that are not available in the text. Additional readings may be assigned and details will be provided on the course website.
Note: Due to copyright restrictions, Study Guides and/or Solutions to the questions in the textbooks cannot be provided via email or on Wattle.
Students will be given feedback in the following forms in this course:
· Written and verbal feedback to the whole class, to groups, to individuals.
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
Your final mark for the course will be based on the raw marks allocated for each of your assessment items. However, your final mark may not be the same number as produced by that formula, as marks may be scaled. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark exceeds that of another student, then your scaled mark will exceed the scaled mark of that student), and may be either up or down.
Extensions and Penalties
No submission of assessment tasks after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded
Support for Students
The University offers a number of support services for students. Information on these is available online from http://students.anu.edu.au/studentlife/
It is preferable to contact the lecturer via email (firstname.lastname@example.org)
If necessary, the lecturer for this course will contact students on their official ANU student email address. Information about your enrolment and fees from the Registrar and Student Services' office will also be sent to this email address.
Students are expected to check the Wattle site for announcements about this course, e.g. changes to timetables or notifications of cancellations. Notifications of emergency cancellations of lectures or tutorials will be posted on the door of the relevant room.
Academic Integrity Control
As a further academic integrity control, students may be selected for a 15 minute individual oral examination of their written assessment submissions.
Any student identified, either during the current semester or in retrospect, as having used ghost writing services will be investigated under the University’s Academic Misconduct Rule.
|Week/Session||Summary of Activities||Assessment|
|1||Please be advised that the summary and topics serve as a guideline only, please refer to Wattle for the actual delivery. In addition, there may be supplementary readings assigned each week (commencing Week 1). Please check Wattle for updates. Introduction to International Finance Overview of Foreign Exchange Markets Readings: Topic 1 Notes Eiteman et al. Ch 1 & 5|
|2||International Monetary System and Balance of Payments Readings: Topic 2 Notes Eiteman et al. Ch 2 & 3|
|3||Foreign Exchange Rate Determination Readings: Topic 3 Notes Eiteman et al. Ch 9|
|4||International Parity Conditions Readings: Topic 4 Notes Eiteman et al. Ch 6|
|5||FX Arbitrage, Speculation and Forecasting Readings: Topic 5 Notes Eiteman et al. Ch 5, 7 & 9||Online quiz due by the end of Week 5|
|7||Guest Lecture (tentative; guest may reschedule subject to availability) Foreign Exchange Risk and Risk Management Readings: Topic 6 Notes Eiteman et al. Ch 10, 11 & 12||Mid-semester test scheduled around the teaching break, specific time to be announced by central timetabling - and beyond the lecturer's control. TBA|
|8||Financing on the International Capital Markets Readings: Topic 7 Notes Eiteman et al. Ch 13|
|9||International Banking and Money Market Readings: Topic 8 Notes Eun & Resnick Ch 11|
|10||International Bond and Equity Markets Readings: Topic 9 Notes Eun & Resnick Ch 12, 13|
|11||International Investment Readings: Topic 10 Notes Eiteman et al. Ch 13, 17 & 18|
There are no tutorials for this course.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Online Quiz||5 %||23/03/2020||27/03/2020||1,2,3|
|Mid Semester Test||30 %||20/04/2020||15/05/2020||1,2,3|
|Final Exam||65 %||01/06/2020||03/07/2020||1,2,3|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the ANU Online website. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.
Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
Centrally administered examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. Please check ANU Timetabling for further information. Further information about the examination will be provided in class and on Wattle closer to the time of the examination.
Assessment Task 1
Learning Outcomes: 1,2,3
· Online (Wattle) multiple choice quiz for students to complete before the end of Week 5. The quizzes will be made available as of the Monday on Week 5, available through to Friday midnight.
· Two attempts are allowed and each attempt is limited to 30 minutes. You will receive an immediate grade and the correct answers upon submission of the quiz attempts. The mark for the better attempt will be recorded.
· The quiz will count 5% to the final mark for the course, and allows students to gain feedback as to their progress.
· The questions will be a mixture of theory and practical questions, but all will be multiple choice for students to select
Assessment Task 2
Learning Outcomes: 1,2,3
Mid Semester Test
· This mid semester assessment is optional and redeemable for students.
· The mid-semester will count either 0% or 30% to a student’s overall course grade.
· It is a closed book test, with no formula sheet provided.
· The questions will be a mixture of theory and practical questions.
· Students will need to review and revise all material covered prior to the mid-semester exam.
· More details regarding the test will be provided as the test approaches.
This is a centrally administered examination. Please check ANU Timetabling for further information. Further information about the examination will be provided in class (lecture) and on Wattle closer to the time of the examination (by week 4 or as soon as the exam timetables are released).
Assessment Task 3
Learning Outcomes: 1,2,3
The final examination will be based on all the work covered throughout the duration of the semester. The final examination is worth either 65% or 95% of the overall course grade. The exam is closed-book, cumulative, and comprehensive; it will include a mixture of theoretical and numerical questions. Students will be provided with further details regarding the exam as it approaches.
This is a centrally administered examination. Please check ANU Timetabling for further information. Further information about the examination will be provided in class and on Wattle closer to the time of the examination.
Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.
The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.
The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.
For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.
Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policy
Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.
Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
Support for students
The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).
- ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
- ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
- ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
- ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
- ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
- ANUSA supports and represents undergraduate and ANU College students
- PARSA supports and represents postgraduate and research students
Corporate Finance, Firm Investment, Markets
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