UNIVERSITY OF KENT
MODULE SPECIFICATION TEMPLATE
SECTION 1: MODULE SPECIFICATIONS
1.
Title of the module
International Money and Finance (CB8019)
2.
School or partner institution which will be responsible for management of the module
Kent Business School
3.
Start date of the module
2011, revised for 2014
4.
The number of students expected to take the module
50
5.
Modules to be withdrawn on the introduction of this proposed module and consultation with
other relevant Schools and Faculties regarding the withdrawal
None
6.
The level of the module (e.g. Certificate [C], Intermediate [I], Honours [H] or Postgraduate [M])
Level M
7.
The number of credits and the ECTS value which the module represents
15 credits (7.5 ECTs)
8.
Which term(s) the module is to be taught in (or other teaching pattern)
Autumn
9.
Prerequisite and co-requisite modules
CB8021 Foundations of Finance
10. The programmes of study to which the module contributes
MSc Financial Markets
MSc International Accounting and Finance
MSc Financial Services in Banking
11. The intended subject specific learning outcomes
11.1
Demonstrate an understanding of the rationale underlying key International
Finance models
11.2
Apply skills of modelling macroeconomic variables in International
11.3
Demonstrate an understanding of key foreign exchange parity relationships and
their relevance to the management of exchange rate risk
11.4
Demonstrate an understanding of the role of international currency markets in
the determination of economic outcomes
11.5
Analyse events within the international monetary system and critically assess
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potential response policies
11.6
Develop some of the concepts and principles introduced in Foundations of
Finance and Quantitative Methods
11.7
Apply quantitative techniques for solving problems within the context of
international money markets
12. The intended generic learning outcomes
12.1
Ability to analyse, compare, discuss, critically evaluate evidence and hypothesis.
To structure, develop and defend complex arguments orally and in writing
12.2
Ability to plan work, use relevant sources and study independently
12.3
Ability to work in groups, listen, synthesise debate, respond to different points of
view and negotiate outcomes. Ability to receive and use criticism and advice
12.4
Appropriate formats are selected for presentation of work, which includes the
acknowledgement and reference of sources
12.5
Ability to analyse structured and unstructured problems
12.6
Ability to communicate using both qualitative and quantitative information
13. A synopsis of the curriculum
This module analyses the key financial decisions made by multinational companies
(MNCs) and provides international perspectives to financial problems facing multinational
corporations. Topics examined in the module include international financial environment;
international money and capital markets; analysis of foreign exchange risk exposure and
risk exposure; capital budgeting and working capital management; foreign direct
investment (FDI); and cost of operation, investing and financing decisions. Topic also
covers the international monetary system, and the coordination of international economic
policy.
14. Indicative Reading List
Copeland, L. (2008) Exchange Rates and International Finance, 5th edn., Prentice-Hall
Krugman, P. and Obstfeld, M. (2008) International Economics: Theory and policy, 8th Edn.,
Pearson
Madura, J. (2008) International Corporate Finance, 9th Edition, Thomson South Western.
Melvin, M. (2003). International Money and Finance, 7th Edn., Pearson
15. Learning and Teaching Methods, including the nature and number of contact hours and the
total study hours which will be expected of students, and how these relate to achievement of
the intended module learning outcomes:
Hours
Subject LOs
Generic LOs
Lectures
24
11.1 – 11.7
12.1, 12.2, 12.5, 12.6
Seminars
12
11.1 – 11.7
12.1, 12.3-12.6
Independent study
94
11.1 – 11.7
12.1, 12.2, 12.4 – 12.6
Group Preparation
20
11.1 – 11.7
12.1, 12.3 – 12.6
Total hours
150
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UNIVERSITY OF KENT
16. Assessment methods and how these relate to testing achievement of the intended module
learning outcomes
Weighting
Subject LOs
Generic LOs
Examination – 2 hour
closed book
70%
11.1 – 11.7
12.1, 12.2, 12.5, 12.6
Individual report 2500 words
30%
11.1 – 11.7
12.1-12.6
17. Implications for learning resources, including staff, library, IT and space
Prescribed reading can be acquired within the normal library budget. Delivery of this
module will require a subscription to a sophisticated financial data source such as
DataStream or Bloomberg. There are no other unusual IT or space requirements. There
will be the usual resource implications of expanding student intake.
18. The School recognises and has embedded the expectations of current disability equality
legislation, and supports students with a declared disability or special educational need in its
teaching. Within this module we will make reasonable adjustments wherever necessary,
including additional or substitute materials, teaching modes or assessment methods for
students who have declared and discussed their learning support needs. Arrangements for
students with declared disabilities will be made on an individual basis, in consultation with
the University’s disability/dyslexia support service, and specialist support will be provided
where needed.
19. Campus(es) where module will be delivered:
Canterbury
SECTION 2: MODULE IS PART OF A PROGRAMME OF STUDY IN A UNIVERSITY SCHOOL
Statement by the School Director of Graduate Studies: "I confirm I have been consulted on the above
module proposal and have given advice on the correct procedures and required content of module
proposals"
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Director of Graduate Studies
Date
…………………………………………………
Print Name
Statement by the Head of School: "I confirm that the School has approved the introduction of the
module and, where the module is proposed by School staff, will be responsible for its resourcing"
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Head of School
Date
…………………………………………………….
Print Name
Module Specification Template
Last updated February 2013
Revision February 2014
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