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 Modules to be withdrawn on the introduction of this proposed module and consultation with other relevant Schools and Faculties regarding the withdrawal None 6.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 Revision February 2014 1 UNIVERSITY OF KENT 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 Revision February 2014 2 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" ................................................................ .............................................. 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" ................................................................. .............................................. Head of School Date ……………………………………………………. Print Name Module Specification Template Last updated February 2013 Revision February 2014 3