Introduction

The course provides a comprehensive coverage of international financial management and international trade finance. Then, it explores the international financial environment that includes the international monetary system, international financial markets, foreign exchange market, as well as currency futures and option markets. The course also discusses the factors that determine exchange rate changes, including the underpinning theories (international parity relationships). Following thus, the course emphasizes the management of currency exposure. Finally, it focuses on the key components of multinational corporate finance, more specifically, capital budgeting, cost of capital, capital structure and working capital management. The real world aspects of International finance are explored through research papers, case studies and media report on current events.