1. Course Title:
INTERNATIONAL FINANCIAL MANAGEMENT
2.
3.
4.
5.
IBS3008
3 credits
Undergraduate
- Payments in International Trade
Course code:
Credit number:
Level:
Prerequisite:
- FIN3004 – Corporate Finance
6. Course overview:
The course presents issues of financial management activities of international business companies.
The course content focuses on issues related to the foreign exchange market; factors affecting
exchange rates; identify, measure and manage exchange risks and interest rate risks in international
business activities; present and systematize issues related to international financial markets.
7. Course Learning Outcomes (CLO)
After finishing the course, students will be able to:
8.
Bloom
taxonomy
Name
#.
CLO
1
CLO1
Explain the difference in terms of financial targets
corporate governance systems in the world
2
CLO2
Explain the factors that affect the exchange rate
2
3
CLO3
3
4
CLO4
5
CLO5
Use derivative financial instruments on the foreign exchange
market to hedge, speculate and arbitrage
Evaluate policies of foreign exchange risk and interest rate
risk management in international business
Demonstrate a commitment to discipline and teamwork skill
in solving problems effectively
and
2
5
Requirements for students:
Follow exactly the study schedule provided by lecturer.
Read in advance the requested materials before going to classes, and positively take part in in-class
activities.
Do individual assignments requested by lecturers, take part in group assignments and in-class
presentations.
Take part in mid-term and final tests according to plans provided by Testing and Quality Assurance
Department.
9. Learning materials:
1. Required textbooks
● TL1. Eiteman at al. (2024), Multinational Financial Management, Sixteenth edition, Pearson
● TL2. Multinational Financial management, Alan C. Shapiro, (2013).
2. Other Learning s and materials
● TK1. Ngô Thị Ngọc Huyền và Nguyễn Thị Hồng Thu (2009), Quản trị tài chính quốc tế, Nhà
xuất bản Thống kê
● TK2. Don M. Chance, Robert Brooks (2009), Introduction to Derivatives and Risk
Management, 8th Edition, Cengage Learning
● TK3. Jeff Madura (2008), International Financial Management, 9th Edition, Thomson SouthWestern
● TK4. Frederick D. S. Choi (2003), International accounting and finance handbook, 3rd
Edition, Wiley, John & Sons
10. Grading scales: Credits - based system
11. Course content:
CHAPTER 1
Multinational Enterprises and Multinational Finance Manangement
1.1.
The development process of MNEs
1.1.1
Reasons for creating and developing MNEs
1.1.2
Development process in foreign markets of MNEs
1.1.3
Definition of behavior of MNEs
1.1.4
Issues raised with the development of MNEs
1.2.
International finance management
1.2.1
Roles
1.2.2
The relationship with Domestic Finance Management
1.2.3
Concerns in International Finance Management
1.3
Corporate governance
1.3.1
Definitions and Structures
1.3.2
Types of corporate governance
Learning Materials
CB1.
Chapter 1 & 4, Eiteman at al. (2024), Multinational Financial Management, 16th
edition, Pearson
CHAPTER 2
EXCHANGE RATE AND FOREIGN EXCHANGE MARKET
2.1.
Exchange rate
2.1.1
Definition
2.1.2
Quotation
2.1.3
Cross exchange rate
2.2.
Foreign exchange market
2.2.1
Definition and characteristics of foreign exchange market
2.2.2
Participants in foreign exchange market
2.2.3
Structure of exchange market
2.3.
International parity conditions
Learning Materials
CB1.
Chapter 5 &6 , Eiteman at al. (2024), Multinational Financial Management, 16th
edition, Pearson
CHAPTER 3
CURRENCY DERIVATIVES
3.1.
3.3.1
3.3.2
3.3.3
Currency forward
Overview of currency forward
Forward exchange rate
How to use currency forward
Currency future
Definition
How are differences between currency forward and future
How to use currency future
Currency options
Definition of currency option
Currency option transactions
Option premium
3.3.4
How to use currency options
3.1.1
3.1.2
3.1.3
3.2
3.2.1
3.2.2
3.2.3
3.3
3.4
Comparison between Forwards, Futures and Options
BT luyen tap
Learning Materials
CB1.
Chapter 7, Eiteman at al. (2024), Multinational Financial Management, 16th
edition, Pearson
CHAPTER 4
MANAGING EXCHANGE RATE RISKS
4.1.
Overview of exposure and risk
4.1.1
Exchange rate exposure and risk
4.1.2
Types of exchange rate exposure
4.2.
Transaction exposure
4.2.1
Overview
4.2.2
Managing transaction exposure
4.3.
Operating exposure
4.3.1
Overview
4.3.2
Managing operating exposure
4.4.1
4.1.2
Translation exposure
Overview
Managing translation exposure
4.4.
Learning Materials
CB1.
Chapter 10, 11 & 12, Eiteman at al. (2024), Multinational Financial Management,
16th edition, Pearson
CHAPTER 5
MANAGING INTEREST RATE RISKS AND CURRENCY SWAPS
5.1.
Interest rate risks
5.1.1
Definitions of interest rate risks
5.1.2
Types of interest rate risks
5.2.
Managing interest rate risks
5.2.1
Re-arrangement
5.2.2
Forward
5.2.3
Interest rate future
5.2.4
Interest rate swap
5.3.
Currency swap
CB1.
Learning Materials
Chapter 8, Eiteman at al. (2024), Multinational Financial Management, 16th
edition, Pearson
12.
Matrix
Alignment of Course Learning Outcomes (CLO) with Course Content
Chapter
CLO1
Chapter 1: Multinational Enterprises and
Multinational Finance Management
X
Chapter 2: Exchange Rate and Foreign
Exchange Market
Chapter 3: Currency Derivatives
CLO2
CLO3
showing
CLO4
the
CLO5
X
X
X
X
X
Chapter 4: Managing Exchange Rate Risks
X
X
Chapter 5: Managing Interest Rate Risks
and Currency Swaps
X
X
13.
Matrix showing the
Alignment of Course Learning Outcomes (CLO) with Teaching and Learning Methods (TLM)
Teaching and Learning
#
Code
Method (TLM)
CLO
1
CLO
2
CLO
3
CLO
4
CLO
5
1
TLM1
Explicit Teaching
X
X
X
X
2
TLM2
Lecture
X
X
X
X
3
TLM3
Guest lecture
4
TLM4
Problem Solving
5
TLM5
Brainstorming
6
TLM6
Case Study
X
X
X
X
7
TLM7
Role play
8
TLM8
Game
9
TLM9
Field Trip
10
TLM10
Debates
11
TLM11
Discussion
X
X
X
X
12
TLM12
Teamwork Learning
X
X
X
X
13
TLM13
Inquiry
14
TLM14
Research Project
15
TLM15
TBA
16
TLM16
Work Assigment
17
TLM17
Others
14. Time Allocation
Credit
Lecture
Practical
Work/
Discussion(*)
Total
Chapter 1
6
0
6
TLM1, TLM2
Chapter 2
3
0
3
TLM1, TLM2, TLM6, TML11, TML12
Chapter 3
6
3
9
TLM1, TLM2, TML6, TML11, TML12
Chapter 4
9
6
15
TLM1, TML2, TLM6, TML11, TML12
Chapter 5
6
6
12
TLM1, TLM2, TML6, TML11, TML12
30
15
45
Chapter
Total
Teaching and Learning Method
Note: Number of pratical work/discussion in reality is twice the designed period number of
practical work/discussion
15. Matrix showing the alignment of Course Learning Outcomes (CLO) with Assessment
Methods (AM)
#
Code
Assessment Method
C
L
O
1
CL
O2
C
L
O
3
C
L
O
4
C
L
O
5
1
AM1
Participation
X
X
X
X
X
2
AM2
Work Assignment
X
X
X
X
X
3
AM3
Oral Communication
4
AM4
Performance Test
5
AM5
Journal and Blogs
6
AM6
Written Exam
X
X
7
AM7
Multiple Choice Exam
8
AM8
Oral Exam
9
AM9
Written Communication
10
AM10
Project
11
AM11
Teamwork Assessment
12
AM12
Graduation Thesis/ Report
13
AM13
Peer Assessment
X
X
16. Assessment timeline
#
Week
1
2, 4, 6, 8,
12, 13,
Chapter 1-5
14
2
10
Content
Chapter 1-3
Assessment
Method
Weigh
t (%)
C
L
O
1
C
L
O
2
C
L
O
3
C
L
O
4
C
L
O
5
AM1, AM2
20%
X
X
X
X
X
AM7
20%
X
X
3
Accordi
ng to
schedule
Chapter 4-5
Total
AM6
60%
X
X
100%
Approval of Faculty/Academic Division