Nature of the Course | Major Required Subjects | ||
Course Title | International Finance | Course Number | 220211620 |
Apply to Professional | Finance | Prerequisite | Finance，Advanced Mathematics，Economics |
Credit Hours | 54 | Credits | 3 |
I. Teaching Aims
This course is designed to assist the student inunderstanding and assessing
internationalfinancial issues, risks, and strategies.
Students are required to have good command of English, and to master theprofessionalknowledgeincluding Foreign Exchange, International Financial Markets, Determinantsof Exchange Rate, Various Foreign Exchange Transactions, Balance of International Payments, ExchangeRatesRegimes,Capital Mobility,ForeignExchangeTheory, Foreign Exchange ExposureandForeign Investment Decisions.
Studentswill demonstrate critical thinking in a variety of contexts for lifelong learning.
Students will demonstrate proficiency in communication skills in a variety of forms including the effective use of current technologies and information resources.
II. Basic Requirements
All students should refer tothis course syllabusforallinformation includingthe content of the course, schedule andassignments.
We strongly advise students toprepare lessons before class.
Thiscourseuses group work as one of its teaching elements. Group workrequiresstudents to develop and apply cognitive skills but also to develop and apply key skills such as communication, working with others and self-management.
III.Schedule（preliminary）
Module | Content | Book Chapter | Credit hours |
BasicKnowledge of International Finance | Introductionof International Finance | Ch1 | 1 |
Concept of Foreign Exchange,Varietyof Foreign Exchange | Ch3 | 1 | |
Spot Exchange Rate,ForwardExchange Rate，Cross Exchange Rate | Ch2Ch3 Ch7 | 6 | |
ForeignExchangeQuotation | Ch3 | 4 | |
Foreign Exchange Theory | Determinants of Exchange Rate | Ch5 | 4 |
PurchasingPowerParity (PPP)，InterestRateParity，Monetary Approaches | Ch5 | 4 | |
Exchange Rates Regimes，Floating Exchange Rate，Fixed Exchange Rate | Ch6 Ch9 Ch10 | 4 | |
International Financial Markets | VarietyofInternational FinancialMarkets，International Capital Market，International Currency Market，Foreign Exchange Market | Ch3 Ch7 | 6 |
Spot Transaction，Forward Transaction，Currency Futures，Currency Arbitrage，Currency Option | Ch3 Ch4 | 6 | |
Government Policies toward the ForeignExchange Market，GovernmentIntervention，Exchange Control | Ch6Ch9 | 4 | |
Payments Among Nations | Accounting Principles，Balance ofInternationalPayments | Ch2Ch7 Ch8 | 6 |
International Reserve，CapitalMobility | Ch2 Ch8 | 4 | |
International Lending and Financial Crisis | Ch4 Ch7 | 4 | |
*Syllabus is tentative,teachermay change material covered and dates as necessary. | |||
IV.Teaching Methods and Strategies
§ Lectures:Important material from the text and outside sources will be covered in class. Students should plan totake careful notes as not all material can be found in the texts or readings. Discussion is encouraged as is student-procured, outside material relevant to topics being covered.
§ Classroom Interaction:Students have opportunities to ask questions, expressopinions and generally discuss the materials with theteacherand the rest of the class. Students will be given time to make presentations of selected subjects.
§ Assignments:Assessment is an important part of the course and should be taken seriously.In-class exercises will be given to reinforce the subject material.
§ Quizzes:Quizzes may be given to help ensure students stay abreast with assigned material.
V. Assessment of Learning Outcomes
Final Exam（50%）: Covering all aspects of the course,consistingof True-False questions,calculation questions,single-choiceandmultiple-choice questions.
A case study assignment(40%): Writing report and doing presentation.
Attendance（10%）:Students who needto be absent for a genuine reason, should obtain a leave of absence form fromtheir homeroom teacher.
VI.Core Textbook
Thomas A.Pugel, International Finance, China Renmin University Press,2009.
VII. Reading and Resources List
Journals
Journal of Business, Finance and Accounting
Journal of International Money and Finance
Journal of International Economics
International Monetary Fund Staff Papers
Review of International Economics
American Economic Review
Journal of Futures Markets
Journal of International Financial Markets, Institutions and Money
Other Reading Resources
Wang, Peijie, Economics of Foreign Exchange and Global Finance. 2nd edition, Springer 2009, ISBN: 978-3-642-00106-2.
Bekaert, Geert and Hodrick, Robert, J. International Financial Management. Pearson 2012, ISBN: 978-0-13-284298-3.
Eun, Cheol, and Resnick, Bruce, International Financial Management, 6th edition, McGraw-Hill, 2012, ISBN: 978-0-07-131697-2.
Buckley, A. International Finance - A Practical Perspective. Pearson 2012, ISBN: 978-0-273-73186-3.
Shapiro, Alan C., Multinational Financial Management,8thed, John Wiley,2006, ISBN: 0471737690.
Websites
International Federation of Stock Exchanges http:// www.fibv.com
UK Financial Services Authority (FSB) http://www.fsa.gov.uk
U.S. Securities and Exchange Commission (SEC) http://www.sec.gov
New York Stock Exchange http:// www.nyse.com
London Stock Exchange http:// www.londonstockexchange.com
International Monetary Fund http://www.imf.org
World Bank http://www.worldbank.org
People’s Bank http://www.pbc.gov.cn
Federal Reserve System http://www.federalreserve.gov
European Central Bank http://www.ecb.int
The Financial Times http://www.ft.com
The Economist http://www.economist.com
Assessment Grading
Level | Criteria |
Excellent ( | directly addresses the question or problems raised provides a coherent argument displaying an extensive knowledge of relevant information critically evaluates concepts and theory relates theory to practice reflects the student’s own argument andis not just a repetition of standard lecture and reference material is very accurate provides evidence of reading beyond the required reading |
Good (89~ | directly addresses the question or problems raised provides a coherent argument drawing on relevantinformation shows some ability to evaluate concepts and theory and to relate theory to practice reflects the student’s own argument and is not just a repetition of standard lecture and reference material does not suffer from any major errors or omissions |
Fair
| addresses the question but provides only a basic outline of relevant arguments and evidence along the lines offered in the lectures and referenced readings answers are clear but limited some minor omissions and inaccuracies but no major errors |
Acceptable (69~ | points made in the answer are not always well supported by argument and evidence relevant points have been omitted from the answer there are some errors in the answer parts of the question remain unanswered answers may be unduly brief and possibly in note form |
Fail ( | fails to show any knowledge or understanding of the issues raised in the question reveals fundamental misunderstanding of the subject matter most of the material in the answer is irrelevant |
大纲起草人：欧璇
参与讨论人：黄梦桥 李良新
系（室）审核人：刘正桥
院（部）审核人：王涛生