SemesterSpring Semester, 2025
DepartmentIMBA Program, First Year IMBA Program, Second Year
Course NameInternational Finance
Instructor
Credit3.0
Course TypeElective
Prerequisite
Course Objective
Course Description
Course Schedule



















































































































LECTURE DATE MAIN TOPICS AND DESCRIPTIONS TEXTBOOK CHAPTER EVENT
1 May 8 (Thu)

  • Introduction

  • Some basic concepts


Ch. 1 and 2  
2 May 10 (Sat)

  • Determination of exchange rate

  • Role of central bank


Ch. 2 and 3  
3 May 12 (Mon)

  • Monetary system

  • Purchasing power parity


Ch. 3, 4.1-4.2  
4 May 15

(Thu)


  • Fisher effects

  • Interest rate parity (Part 1)


Ch. 4.3-4.5

  • Quiz #1


5 May 22

(Thu)


  • Interest rate parity (Part 2)

  • Unbiased nature of forward rate


Ch. 4.5-4.8  
6 May 25

(Sun)


  • Spot FX markets

  • Forward contracts


Ch. 6

  • Quiz #2

  • Assignment due in class


7 May 26

(Mon)


  • Midterm exam (no class)


 

  • Take-home mid-term exam (students have two days to complete the exam)


8 May 29

(Thu)


  • Futures contracts

  • Currency options


Ch. 7  
9 June 2

(Mon)


  • Interest rate and currency swaps


Ch. 8.1

  • Quiz #3


10 June 5

(Thu)


  • Measuring and managing FX exposures (Part 1)


Ch. 9, 10  
11 June 8

(Sun)


  • Measuring and managing FX exposures (Part 2)


Ch. 9, 10  
12 June 9

(Mon)


  • Measuring and managing FX exposures (Part 3)


Ch. 9, 10  
13 June 12 (Thu)

  • International cost of capital

  • Capital budgeting


Ch. 15  
14 June 14 (Sat)

  • Course wrap up and revision


 

  • Quiz #4

  • Case report due in class


15 June 16

(Mon)


  • Final exam


   


 


Teaching Methods
Teaching Assistant
Requirement/Grading

The components of the course grade will be weighted as follows. The instructor reserves the right to modify the weightings to adjust for material covered during the semester.

 



Components and Weights









































Participation In-class contribution (individual) 10%
Quizzes In-class quizzes (individual) 15%
Assignment Numerical and/or essays (group) 15%
Mid-Term Exam Take-home exam (individual) 20%
Case Report Case analysis and report (group) 15%
Final Exam In-class exam (individual) 25%
Total   100%


 



Assignment

The group assignment is made up of numerical and/or essay questions to be completed and submitted individually or in a group of at most four students.





Case Report

Credits are given based on both the analysis performed and the presentation of the report. The report cannot be longer than FOUR pages. It can be completed and submitted individually or in a group of at most four students.



 



Mid-Term Exam

Take-home mid-term examination to be completed individually. Students have two days to complete the exam.



 



Final Exam

Final examination is cumulative and to be completed individually in class.

 



Participation

Name cards are used to help give credit for your participation. You must have a name card with your full first and last name clearly written and displayed in front of you for every class. The instructor will feel free to cold call on anyone at any time. Hence, it is imperative that you prepare for every class. Debate and challenge are important activities that help in the learning process and the willingness of individuals to engage in such activities with their classmates is appreciated. Participation will be graded by examining the quality of contributions in each class.

 



Quizzes

A total of four in-class quizzes will be conducted (refer to the course schedule on the last page). The quizzes will be timed and to be completed individually at specific time during specific lectures. Each quiz consists of several multiple-choice questions on the teaching materials covered in previous lectures. The four quizzes together carry a 15% weight on your overall course grade. The overall grade of the quizzes is calculated based on the grades of your best three quiz results (among the four quizzes).


Textbook & Reference

Multinational Financial Management, 12th edition, by Alan C. Shapiro, Paul Hanouna, Atulya Sarin, John Wiley & Sons, 2024. Further reading materials may be suggested by the instructor. Students are encouraged to keep themselves up to date with current issues in international finance, as they will be discussed in class when appropriate. Students are also advised to practice the selected end-of-chapter questions/problems suggested by the instructor.


Urls about Course
Attachment

International_Finance_IMBA_course_syllabus_v6.pdf