International Business Finance

Subject FNCE90003 (2012)

Note: This is an archived Handbook entry from 2012.

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

This subject has the following teaching availabilities in 2012:

Semester 2, Parkville - 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
Total Time Commitment: Estimated total time commitment of 120 hours per semester
Prerequisites: FNCE30002 Corporate Finance or equivalent. This subject is only available to Master of Commerce students, Bachelor of Commerce (Honours) students who are specialising in Finance and those who have successfully completed the Postgraduate Diploma in Finance or who have successfully completed 100 points of the Master of Finance (Master of Financial Management).
Subject
Study Period Commencement:
Credit Points:
Semester 1, Semester 2
12.50
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

Coordinator

Assoc Prof Gregory Schwann

Contact

Graduate School of Business and Economics
Level 4, 198 Berkeley Street
Telephone: +61 3 8344 1670
Online Enquiries
Web: www.gsbe.unimelb.edu.au
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:
  • 3-hour end-of-semester examination (70%)
  • Assignments totalling not more than 3000 words (30%)
Prescribed Texts: You will be advised of prescribed texts by your lecturer.
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): Doctor of Philosophy - Business and Economics
Master of Commerce - Finance
Master of Finance

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