Syllabus – International Financial Management
COURSE SYLLABUS
INTERNATIONAL FINANCIAL MANAGEMENT
Semester:
Code and credits:
Time and venue:
Lecturer:
Office:
Phone:
E-mail:
Office hours:
Fall 2014
IBU3012E/2
See the attached appendix
Eddy Junarsin, Ph.D.
Universitas Gadjah Mada Faculty of Economics and Business
Jl. Sosio Humaniora No. 1, Yogyakarta, DIY 55281, Indonesia
+62 274 548510
john.junarsin@ugm.ac.id
Wednesday, 2:00 - 4:00 p.m., or with an appointment
Course Description
This course helps students learn and discuss a vast array of financial theories and
practices in the global context. Using integrated approaches, this course will emphasize
the discussion on the implementation of international financial concepts and tools. Upon
completion, students are expected to understand and master various state-of-the-art
practices and their future advancement.
This course is designed for students with a basic understanding of financial theory and
related analytical techniques. This background will be beneficial for exploring and
creating solutions to realistic global financial management problems. Using the concepts
and tools of finance, students are supposed to examine various strategic problems and
subsequently find alternative solutions from the perspectives of a financial executive in
multinational corporations.
Objectives
1. To provide a comprehensive perspective on international financial concepts,
tools, and techniques;
2. To develop an analytical and integrative thought in understanding and
implementing the concepts in business practices, specifically in multinational
firms;
3. To enthuse students with international finance through an experiential approach,
especially using various case studies;
4. By the end of this course, students are expected to be capable of analyzing
problems, weighing alternative solutions, and making the best possible
responses to a company’s problems or opportunities in the international context.
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Syllabus – International Financial Management
Reading Materials
Shapiro, A. (2014), Multinational Financial Management, 10th ed., John Wiley & Sons,
Hoboken, NJ.
Case studies.
Class Requirements
Presence. Students are required to attend at least 80% of total lectures held. Any
violation against this rule may cause the ineligibility to get a final grade.
Class participation. Students are highly expected to contribute ideas, thoughts,
experiences, and arguments to class discussion. Although overviews of key points and
issues will be provided, I strongly recommend that students comprehend materials in
details, raise questions and ideas, and create a “lively” class, meaning that students must
read and prepare readings assigned prior to coming to the class.
An experiential approach. Continuously and consistently, students are assigned to
construct experiential observations and solve managerial cases or problems, and
subsequently report findings to the professor.
Internet exploration. Students are encouraged to harness the advancement of
information and communications technology (ICT) in exploring knowledge and
opportunities. Remember that in today's competitive environment, a smart person is not
one who could answer all questions, but rather someone who knows where to find
solutions.
Assessment
Item
Class participation
Case studies
Exam
Weight
20%
30%
50%
Due Date
The end of lecture sessions
Presentations schedule
TBA
Cases and presentations. Students will be randomly distributed into several groups.
Besides functioning as a discussion forum, the groups will analyze cases and facts
assigned by the professor, and present them before all participants. Cases might be
inspired by or taken from various sources, including the textbook. In a presentation, it is
expected that students show business problems, alternative solutions, and arguments.
The length of presentation should not exceed 20 minutes.
Late submissions will not be accepted without a prior approval of the professor. All
requests for extension should be directed to the professor by e-mail
(john.junarsin@ugm.ac.id). An extension will be granted for medical reasons upon
receipt of a medical certificate, or in exceptional circumstances in consultation with the
professor.
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Syllabus – International Financial Management
Exam. A written exam purports to examine students’ knowledge and mastery of
concepts learnt throughout the lectures.
Course Schedule
Session
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Topic
Syllabus
Introduction
The determination of exchange rates
The international monetary system
Parity conditions in international finance and
currency forecasting
The balance of payments and international economic
linkages
Country risk analysis
The foreign exchange market
Reading(s)
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Currency futures and options markets
Chapter 8
Swaps and interest rate derivatives
The Euromarkets
The cost of capital for foreign investments
International portfolio investment
Capital budgeting for the multinational corporation
Current asset management and short-term financing
Exam
Chapter 9
Chapter 13
Chapter 14
Chapter 15
Chapter 17
Chapter 19
Grading Systems
Grade
%
•
•
•
•
A
80-100
B
70-79
C
60-69
D
50-59
F
0-49
D (50-59) means that you pass the minimum skills required.
C (60-69) means that you are credited for some better performance than merely
minimum requirements.
B (70-79) indicates that you complete this course with distinction, and have
shown evidence of insightful thoughts.
A (80-100) indicates that you have exhibited superb and creative performance
during the learning process, and achieved excellent overall results.
Plagiarism
Pforzheim University conforms to a Code of Conduct that highly honors honesty in
assessment. Students must be aware of the regulations concerning misconducts, which
prohibit the following behaviors or actions:
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Syllabus – International Financial Management
•
•
•
No part of students' work is copied from other people’s work, except where due
acknowledgements are made,
No part of students' work is written by another person, except where such a
collaboration has been endorsed by the professor, and
No part of students' work has been submitted for assessment in another course,
both within Pforzheim University and at other universities, except where it has
been authorized by the professor.
Lecturer
Apart from his professional activities as a wealth management consultant and securities
trader, Eddy Junarsin (John) is a faculty member of Universitas Gadjah Mada, Indonesia
and a visiting professor of Pforzheim University, Germany and Arnhem University,
Holland. He graduated from Universitas Gadjah Mada Faculty of Economics and
Business (UGM FEB) in 2003, and was awarded a bachelor’s degree as the best graduate.
In addition, he got an international experience during 2002-2003 by participating in an
exchange program at Hiroshima University of Economics, Japan. He then continued
studying and earned an M.B.A. degree from the Australian National University,
Australia in 2006 with the Chancellor's Letter of Commendation for Outstanding
Academic Performance. In 2013, he defended his dissertation at Southern Illinois
University Carbondale, U.S., and was accordingly conferred as a Ph.D. in Finance. John
is currently the Editor-in-Chief of the Journal of Indonesian Economy and Business, the
Chair of the Publication Office of UGM FEB, and the General Manager of UGM
Residence. He was also the Secretary of the AACSB Accreditation Task Force during
2013.
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