Course detail

International Finance

FIT-MFIAcad. year: 2015/2016

The course focuses on the following topics: definition of international finance, risks in international trade, payment terms, payment instruments, hedging, export financing, export credits, export credit insurance.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

prof. Ing. Mária Režňáková, CSc.

Department

Faculty of Business and Management (FP)

Learning outcomes of the course unit

Students will be able to identify individual needs according to the area of company international activities, they will be aware of the financial backing of these needs, they will be able to define and apply external resources for export financing, as well as methods of hedging.

Prerequisites

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

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

Study evaluation is based on marks obtained for specified items. Minimimum number of marks to pass is 50.

Course curriculum

    Syllabus of lectures:
    Topics of lectures are the following: importance of international finance; risks of international business; terms of payments; short-term export finance; long-term export finance; export credit insurance; export credit agencies.

Work placements

Not applicable.

Aims

The main objective of the course is to provide students with the necessary theoretical knowledge regarding international finance. It requires mastering the up-to-date approaches to defining terms of payment in international finance, payment instruments, hedging, forms of financing and export credit insurance.

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

Control of results of independent work on assigned tasks. In case of excused absence from seminars, the teacher can set additional condition if appropriate, usually elaboration of partial written task.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BLATTNER, P. Internationale Finanzierung. 1. Auflage. Oldenburg, 1997. 554 S. ISBN 3-486-23852-3 HÄBERLE, S. Handbuch der Außenhandelsfinanzierung. 3. Auflage. Oldenburg, 2002. 1034 S. ISBN 3-486-25884-2 JANATKA, F., BÖHM, A., HÁNDL, J. Komerční rizika v zahraničním obchodu a ochrana proti nim. 1. vyd. Praha: ASPI, 2001. 222 s. ISBN 80-86395-14-6 MARVANOVÁ, M., HOUDA, M. Platební styk. 3. vyd. Brno : ECON,1995. 374 s. ISBN 80-901627-2-X

Recommended reading

Bennett, D.: Managing Foreign Exchange Risk, Pitman Publishing, London 1997 Buckley, A.: Multinational Finance, New York: Prentice Hall, 2000 Eng, M., Lees, F., Mauer, L.: Global Finance, Harper Collins College Publishers, New York, 1995 Machková, H., Černohlávková, E., Sato, A. a kol. Mezinárodní obchodní operace. 4., aktualiz. vyd.Praha: Grada, 2007. 242 s.ISBN: 978-80-247-1590-2. Shapiro, A. C. Multinational Financial Management. 9. ed. University of Southern California, 2010. ISBN 978-0-470-45035-2.

Classification of course in study plans

  • Programme IT-MSC-2 Master's

    branch MMI , 0 year of study, summer semester, compulsory-optional

Type of course unit

 

Lecture

20 hod., optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Syllabus

Topics of lectures are the following: importance of international finance; risks of international business; terms of payments; short-term export finance; long-term export finance; export credit insurance; export credit agencies.

Fundamentals seminar

10 hod., optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.