Programme And Module Handbook
 
Course Details in 2022/23 Session


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Module Title LH Foreign Exchange and International Finance
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 33841
Module Lead TBC
Level Honours Level
Credits 20
Semester Semester 1
Pre-requisites
Co-requisites
Restrictions None
Contact Hours Guided independent study-168 hours
Seminar-10 hours
Lecture-22 hours
Total: 200 hours
Exclusions
Description The aim of this module is to develop an understanding of the markets for foreign exchange and the financial management of multinational companies. The module will provide an introduction to the main theoretical models used to understand foreign exchange markets as well as an in depth analysis how these markets work in practice. The module examines different models of exchange rate determination together with the reasons for variation in exchange rates. It also analyses the international finance environment and how it affects the companies operating within this environment. It considers the risk exposure for companies and investors arising from the exchange rate volatility and techniques to manage foreign exchange risks. Finally, some sessions will be delivered by professional traders to provide students with a comprehensive understanding of how foreign exchange markets work in the real world and how to use different trading techniques to analyse and trade in foreign exchange.
Learning Outcomes By the end of the module students should be able to:
  • Discuss the global financial environment in which companies and investors operate and the motivations, opportunities and risks of cross boarder financial transactions
  • Demonstrate comprehensive knowledge of exchange rate systems and the interaction between exchange rates, interest rates and inflation
  • Explain the mechanics of foreign exchange markets and how exchange rates are quoted
  • Appreciate the types of risks faced by investors and multinational companies
  • Apply and critically evaluate alternative techniques for managing foreign exchange risks
  • Critically evaluate the performance of currencies and determine the implications of using different types of trading techniques to analyse and trade in foreign exchange markets
Assessment
Assessment Methods & Exceptions Assessment: 3 hour written unseen exam (75%) and Individual Coursework (1000 words) 25%
Reassessment: N/A
Other
Reading List