International Business Finance

Subject 333-615 (2009)

Note: This is an archived Handbook entry from 2009. Search for this in the current handbook

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2009:

Semester 2, - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: Seminars, lectures and tutorials totalling 3 hours per week (Semester 2).
Total Time Commitment: Not available
Prerequisites: 333-302 Corporate Finance or equivalent subject.
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Assoc Prof Gregory Schwann
Subject Overview: Foreign exchange market microstructure; tests of parity relationships; measurement and management of foreign exchange exposure; international asset pricing models; international cost of capital and capital structure; international capital budgeting; multinational business decision making; international debt and equity markets; international banking.
Objectives: On successful completion of this subject students should be able to:
  • Apply no-arbitrage conditions to determine the links that must hold between domestic and foreign interest rates, forward exchange rates and spot exchange rates;
  • Evaluate the factors that are important in determining the extent to which a firm will hedge against changes in foreign exchange rates;
  • Recognise factors that are important in determining exchange rates;
  • Generate portfolios that contain domestic and foreign bonds and domestic and foreign stocks that are mean-variance efficient;
  • Discuss how taxes can affect international investment decisions;
  • Explain how to evaluate foreign projects.
Assessment: A 3-hour end-of-semester examination (70%) and assignments totalling not more than 3000 words (30%).
Prescribed Texts: None
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On successful completion of this subject, students should have improved the following generic skills:

  • Oral communication
  • Written communication
  • Collaborative learning
  • Problem solving
  • Team work
  • Statistical reasoning
  • Application of theory to practice
  • Interpretation and analysis
  • Critical thinking
  • Synthesis of data and other information
  • Evaluation of data and other information
Related Course(s): Master of Commerce - Finance
Master of Finance
Master of Financial Management

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