Course detail

International Finance

FP-ifPAcad. year: 2014/2015

The course focuses on and discusses the following topics:
Content of international finance
Balance of Payments
The history and evolution of the international monetary system
Exchange rate regimes
International financial institutions
Introduction to multinational corporate management
Financing multinational corporation
Foreign investment a investment strategies of multinational corporations
Capital structure of a multinational firm and multinational capital budgeting
Exchange rate exposure management
Taxes and multinational business strategy
Current issues in international finance

Language of instruction

English

Number of ECTS credits

6

Mode of study

Not applicable.

Learning outcomes of the course unit

Knowledge: students describe actual questions and problems regarding international financial system, know the basic exchange rate regimes, the functioning and organization of international financial markets and the specifics of entrepreneurship in international environment.

Skills: students evaluate the current state and expected trends of development regarding international financial system, identify risk affecting a particular type of business. Students assess foreign investment options and determine an optimal way of finance.

Capabilities: students independently search for solutions of assigned problems from the field of international finance, organize cooperation in team and present the results of joint activities. Opinions on issues regarding international finance, as well as conslusions derived from individual and team tasks, they formulate in a clear way and support by reasons based on facts.

Prerequisites

Knowledge of basic macroecnomics, corporate finance, knowledge of statement and accounting procedures for entrepreneurs, knowledge of international business.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course consists of lectures and seminars. Lectures are devoted to the explanation of basic principles, problems and methodology of the discipline. Seminars promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

The credits are granted under the following conditions: active participation in seminars, hand in and presentations of the assignment.

Examination requirements: knowledge of subject and its practical applications. Form of examination is oral. Examination is classified according to ECTS.

Course curriculum

Introduction to international finance
Balance of Payments
The history and evolution of the international monetary system
Exchange rate regimes
European Monetary Union
International financial institutions
Introduction to multinational corporate management
Financing multinational corporation
Foreign investment a investment strategies of multinational corporations
Capital structure of a multinational firm and multinational capital budgeting
Exchange rate exposure management
Taxes and multinational business strategy
Current issues in international finance

Work placements

Not applicable.

Aims


The objective of the course is to get to know and understand: the organization and structure of international financial system, current trends in international financial system development, features of management of multinational corporations, framework conditions for financing in international environment.

Specification of controlled education, way of implementation and compensation for absences

Lectures are not compulsory, but recommended. Students have to be present in at least 50 % of seminars. In case of apologozied absence teacher can set alternative condition, usually elaboration of a partial written task, as compensantion.

Results of independent work on assigned tasks are controlled by the teacher.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

MADURA, J. International financial management. 12th ed. Stamford, CT: Cengage Learning, 2015. ISBN 978-1-133-94783-7. (EN)

Recommended reading

BALDWIN, R. – WYPLOSZ, CH. The economics of European integration. 4th ed. McGraw-Hill Education - Europe, 2012. ISBN 978-0077131722. (EN)
MORRISON, J. The international business environment: global and local marketplaces in a changing world. Houndmills, Basingstoke, Hampshire, New York: Palgrave Macmillan, 2006. ISBN 978-1-4039-3691-2. (EN)

Classification of course in study plans

  • Programme MGR-EBF Master's

    branch MGR-EBF , 1 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Syllabus

Introduction to international finance; Balance of Payments
The history and evolution of the international monetary system
Exchange rate regimes
European Monetary Union - evolution and current issues
International financial institutions
Introduction to multinational corporate management
Financing multinational corporation I. - terms of trade, payment methods and instruments
Financing multinational corporation II. - export credit agencies, forms of international trade and investment finance
Foreign investment a investment strategies of multinational corporations; capital structure of a multinational firm and multinational capital budgeting
Exchange rate exposure management
Taxes and multinational business strategy
Current issues in international finance

Exercise

13 hod., optionally

Teacher / Lecturer

Syllabus

Practical lessons focus on selected topics presented on the lectures in more details and create space to discuss them in groups.

Topics
Analysis of CR´s specified balance of payments accounts
Monetary crises in past
Specifics of exchange rate regimes in selected countries
Current problems of European Monetary Union
Position of selected international financial institutions in international financial system and their framework of influence
Specifics of multinational corporation management
Payment methods and instruments in international trade
Analysis of selected forms of countertrade and cases of project finance
Capital budgeting in multinational corporation, net present value
Exchange rate exposure management - model problem solving
taxes and multinational business strategies - case studies
Current issues in international finance - discussion in teams on selected topics


E-learning texts

BOP_1993_2015
BOP_2011_2014_aj.xlsx 0.01 MB
Inflation report_III_2016
Inflation report_CNB_III2016.pdf 3.33 MB
IF_1_lecture
BOP_1_přednáška.ppt 0.49 MB
BOP_2011_2015
BOP_2011_2014_aj.xlsx 0.01 MB