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International Finance

  • Enseignant(s):   Z.Zhao  
  • Titre en français: Finance internationale
  • Cours donné en: anglais
  • Crédits ECTS: 6 crédits
  • Horaire: Semestre d'automne 2020-2021, 4.0h. de cours (moyenne hebdomadaire)
  •  séances
  • site web du cours site web du cours
  • Formations concernées:
    Maîtrise universitaire ès Sciences en finance, Orientation gestion des actifs et des risques

    Maîtrise universitaire ès Sciences en finance : Entrepreneuriat financier et science des données

    Maîtrise universitaire ès Sciences en finance, Orientation finance d'entreprise

 

Objectifs

This class provides an introduction to the principles of the foreign exchange markets, the determination of exchange rates, the nature of foreign exchange risk, and assessment of the cost of capital for foreign projects. Throughout, a number of cases are examined. The connection of the class material to current events as reported in newspapers and journals is also emphasized.

Familiarity with corporate finance and capital markets material is useful. Knowledge of elementary principles of Macroeconomics and Derivatives are helpful throughout, although necessary concepts will be developed from first principles.

Contenus

The course is organized around four major parts:

  • Introduction
  • The Foreign Exchange Market
  • Risk Management: International Financial Instruments
  • World Financial Markets and Institutions

Because Finance implies calculations (valuations, risks metrics), the course will put a special emphasis on them enabling students to address the main questions and issues they will face in their professional life in Finance.

Course slides will be made available to students 1 weeks in advance of each session. They will include course supporting slides + advised readings + exercises (solutions to exercises will be sent 1 week after the corresponding course is taught).

Références

Required Textbook:

  • International Financial Management 8th edition (or newest edition is available) -Eun, CS and BG Resnick

Other (read if interested):

  • Principles of International Finance and Open Economy Macroeconomics: theories, applications and policies - Cristina Terra
  • Corporate Finance - David Hillier
  • Options, Futures and other Derivatives - John Hull

Pré-requis

  • Finance calculations.
  • Corporate Finance.
  • Stochastic processes (we will review the major principles during the course).
  • Derivatives pricing.
  • Macroeconomics.

Evaluation

1ère tentative

Examen:
Ecrit 1h30 heures
Documentation:
Autorisée
Calculatrice:
Autorisée
Evaluation:

Grading will be based on

Class Participation (10%) + Problem Sets and / or Case Write-ups (20%) + max (Midterm Exam, Final Exam) (25%) + Final Exam (45%).

Grading is done on a relative (not absolute) basis

Final Exam will be online

Rattrapage

Examen:
Ecrit 1h30 heures
Documentation:
Autorisée
Calculatrice:
Autorisée
Evaluation:

Written exam, 1.5 hours, open-book, and counts for 100%



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