International Finance | My Assignment Tutor

Module Title: International FinanceModule Handbook 2020/21Module Code: BMG704(86968)Course/s: MSc International BusinessDepartment of Global Business and EnterpriseUlster University Business School Philiph PryceModule CoordinatorEmail:[email protected]Office Hours:Online via email BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 2 of 30Table of ContentsWelcome………………………………………………………………………………………………………………………31. Module Overview and Communication………………………………………………………………………42. Aim & Learning Outcomes ……………………………………………………………………………………….53. Assessment and Feedback ……………………………………………………………………………………….6Coursework 1………………………………………………………………………………………………………… 6Coursework 2………………………………………………………………………………………………………… 7Standard Assessment Guidance ………………………………………………………………………………… 9Coursework 1 & 2 Assessment Rubric / Marking Proforma……………………………………………. 104. Learning Resources………………………………………………………………………………………………. 11Library’s Support Services ………………………………………………………………………………………. 12Blackboard Learn Student Orientation Course ……………………………………………………………. 125. Organisation and Management ……………………………………………………………………………… 136. Learning and Teaching Methods …………………………………………………………………………….. 13Teaching and Learning Plan ……………………………………………………………………………………. 157. Student Voice & Support Services…………………………………………………………………………… 29UUSU Advice Bureau Service …………………………………………………………………………………… 29UU Student Wellbeing Service …………………………………………………………………………………. 30BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 3 of 30WelcomeWelcome,This module provides students with an introduction to financial management theory and techniquesrequired for entrepreneurship and managerial decision making within an international businesscontext.Kind regards,Module CoordinatorMay 2021BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 4 of 301. Module Overview and Communication Module DetailsModule TitleInternational FinanceModule CodeBMG704Module Level7Credit points15-60Module StatusCoreSemesters1LocationLondon/BirminghamE-learningOnline/BlendedContact Details and Communication MethodsModule CoordinatorPhiliph Pryce (See cover sheet for contact details)Teaching StaffContact DetailsPhiliph Pryce ([email protected])Emanuel Musa ([email protected])Muhammad Ateeb ([email protected])Chau Duong ([email protected])Bibi Ozen ([email protected])Ovinda Wijeyaratne [email protected]Julius Ejechi ([email protected])Muhammad Khurram-Butt [email protected]Kathirithamby Sivanandan [email protected]Virtual Office Hours: by emailGeneralInformation, Queriesand ConsultationsIf you require advice or guidance on any aspect of the module, pleaseread the guidance provided here, in the Module Handbook.For ‘General Queries’, please utilise the class Discussion Board. Forspecific queries or studies advice, you can avail of the ‘Virtual OfficeHours’. Contact any member of the teaching team by email to arrange asuitable appointment. Please note, we aim to respond to all queries within24 hours.ModuleAnnouncementsKey announcements will be presented during tutor-led activities.Out of class communication including notifications, reminders, etc will bedistributed via the Blackboard Announcement tool. You will receive aduplication of the announcement direct to your student email inbox.It also advisable that you download the ‘Blackboard’ App as an alternativeto access these announcements, notifications, reminders as well ascontent. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 5 of 302. Aim & Learning OutcomesModule RationaleBusinesses now operate in a highly globalised and competitive market whereaccess to, and control of, finances are necessary for survival. This modulefocuses on the international financial management techniques essentialthroughout the business life cycle. The module provides a broad overview ofinternational financial management theory and practices which are imperative tocreating and sustaining a successful international business venture. The moduleprobes the financial landscape in which modern day international businessesoperate.Overall Aim of the ModuleThe module provides students with and introduction to financial management theoryand techniques required for entrepreneurship and managerial decision-making withinan international business context.Learning OutcomesSuccessful participants will be able to: Learning Outcome 1Demonstrate a comprehensive knowledge and critical appreciation of the key conceptsand topical issues of International Finance.Learning Outcome 2 Act autonomously in the analysis of new and/or abstract data using a range oftechniques appropriate to the discipline of International Finance, synthesising evidenceand critically evaluating complex problems in International Finance. Learning Outcome 3Be proactive in leadership, work effectively within a team or group as appropriate, makeand sustain arguments/alternative points of view related to the discipline of InternationalFinance. Learning Outcome 4Demonstrate confidence and flexibility in critically evaluating complex problems and the application of appropriate knowledge, tools or methods to their solutions in the context ofInternational Finance. Be confident in the application of their own judgement. What you should be able to do by the end of this module. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 6 of 303. Assessment and Feedback This module will be assessed via two items of assessmentAssessment TypeWeighting (%)Coursework 1Preparation/submission of an individual report. Week 960%Coursework 2Online tests comprising up to 40 questions. Week 1340% Coursework 1Assessment TaskYou are required to prepare/submit an individual report discussing the following:Choose a Multinational Enterprise (MNE) listed on an internationallyrecognised Stock Exchange (including for example, London, Dublin, New York or Paris).You are required to:a. Critically discuss two recent developments in the international financial environmentwhich appear to have impacted on your chosen company’s recent performance anddevelopment. Analyse how these two developments are likely to impact on thecompany in the near future. (14 marks)b. Discuss the following key elements of the MNE’s international financial and/or riskmanagement strategy (and how they appear to have affected the financialperformance of your chosen company): Sources of financeDividend policy(14 marks) c. With reference to your chosen Multinational Enterprise (and using the most recentannual report published), analyse the financial performance (in terms of profitability,liquidity, efficiency and investment) of the company in the two most recentconsecutive financial periods (e.g. 2018/19 or 2019/20, ) using 8 different accountingratios (prior year comparative figures will be available in the annual report).(32 marks)Notes: (i)You must advise your tutor of your chosen multinational enterprise to ensuresuitability for use and avoid duplication; What you need to do to demonstrate achievement of learning. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 7 of 30(ii) It is advisable to choose your multinational enterprise and download the mostrecent annual report by the end of week 1 – this will facilitate your preparation andallow you to effectively participate in weekly class activities;Assessment Guidelines1) The assignment may take the form of an individual written word-processed briefing report ofnot more than 2500 words, including title page, contents page, in-text references and citations,but excluding tables, reference list and appendices.2) Detailed guidance will be given in the tutorials in weeks 1 and 6 to explore the factors for yourchosen case study and provide advice on the use of mediums/technologies for this assessmentexercise.3) This element of coursework accounts for 60% of the overall assessment. Students should referto the marking criteria attached to provide them with fuller details of marking criteri a for eachclassification band.4) Completed assignments must be submitted via Turnitin by 12.00 noon on Sunday of week 9 insemester 1. This date and time is final, and a late submission will be penalised by thededuction of marks.5) All submitted assignments should have the file name:BMG704 (86968) Student B00xxxxxx6) View additional ‘Standard Assessment Guidance,’ for further guidance applicable to allcoursework elements.Coursework 1 FEEDBACKFeedback on the assessment will be provided via Blackboard within three weeks of the submissiondate.Coursework 2Online activities will comprise of 40 questions which students are required to answer.ENTER THE ASSESSMENT TASK HEREBMG704 International FinanceAcademic Year 2020/21 – Semester I Page 8 of 30Assessment Guidelines1) The online tests will comprise a series of up to 40 multiple choice questions on the followingtopics – Financial Statements/Ratio analysis/EMH/CAPM/Cost of Capital/CapitalStructure/Investment Appraisal/Foreign Currency Risk Management.2) The questions take a variety of formats, including: calculations (calculator is required),true/false statements; yes/no answers and/or other short answers. The online assessment isbroken down into 3 different online quizzes, each of differing question contents and timeallocations. Time allocation is up to 3 minutes per question.3) Detailed guidance will be given in the tutorials in weeks 1 to 12 to explore the courseconcepts/ideas and topics for each online quiz.4) This element of coursework accounts for 40% of the overall assessment. Students should referto the marking criteria attached to provide them with fuller details of marking criteria for eachclassification band.5) Completed assignments must be submitted via Blackboard Learn by 12.00 midnight in week 12,of Semester. This date and time is final, and a late submission will be penalised by thededuction of marks.6) View additional ‘Standard Assessment Guidance,’ for further guidance applicable to allcoursework elements.Coursework 2 FEEDBACKFeedback on the assessment will be provided via Blackboard within three weeks of the submissiondate).BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 9 of 30Standard Assessment GuidanceThe following guidance is applicable to all coursework items.1) Marks are awarded for content, quality of discussion and effective use of referencing whereappropriate. To achieve high marks, students will be expected to demonstrate a familiarity withthe wider literature in the subject area, and not merely an ability to re -produce the lecturenotes. Higher marks will also be awarded to students who provide strong evidence of analysisand critical evaluation of the various concepts and techniques identified and their application toreal world situations.2) Written work should include references to journal articles and other relevant publications, andshould be properly laid out using the Harvard system of referencing as indicated below:Buzzell R., (1968) ‘Can you standardise multinational marketing’, Harvard Business Review,(Nov-Dec) 46, pp102-113.Jeannet J.P. and Hennessey H.D., (2004) Global Marketing Strategies. 6th ed. Houghton Mifflin.More detailed guidance is available in the ‘Guide to Referencing in the Harvard Style’. Weencourage you to avail of the Academic Support via the Library’s Support Service , further detailsin the Library Support Services Section.3) Marks will be deducted for incomplete or inaccurate referencing.4) Students may make multiple submissions in advance of the due date toreceive feedback via Turnitin on their academic writing style (similarityscore) and any potential plagiarism issues. A similarity score of less than20% is acceptable.5) Students must adhere to the word limit policy so as to avoid penaltiesas follows:+10% – no penalty+>10% – 20% – 5% penalty+>20% – 30% – 10% penalty+>30% – 40% – 15% penalty+>40% – 50% – 20% penalty+>50% – maximum mark of 40BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 10 of 30Coursework 1 & 2 Assessment Rubric / Marking ProformaTo aid student understanding, the rubric/marking proforma applies in the module as follows: Command wordQuestion typeExplainCalculateConstructCandidates must be able to provide definitions,explanations and application of key business terms inthe specifications giving examples from the casestudy, if appropriate.Candidates must be able to undertake calculations,manipulate financial data and interpret, apply to casestudy and analyse information in written, graphicaland numerical forms within the case study.Candidates must be able to prepare/draft charts,diagrams or other pictorial aids as required ifappropriate.Analyse/DiscussCandidates must be able to interpret, apply, andanalyse and evaluate information from written,graphical and numerical forms.EvaluateCandidates must be able to interpret, apply, analyseand evaluate information from written, graphical andnumerical forms. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 11 of 304. Learning Resources Reading ListBooks Required (Must read)Bekaert, G. J., & Hodrick, R.J., (2014), International Financial Management, 2nd Ed.,Pearson, London. ISBN-10: 129202139X (also available as e-book)Jacque, L. (2014) International corporate finance. London: Wiley. ISBN 1-118-78186-4(also available as e-book)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th ed., London:Cengage. ISBN 1-408-07989-5 (also available as e-book)Books Recommended (Should read/ Could read)Alexander, D. Britton, A., et al., (2017) International financial reporting and analysis. 7th ed.London: Cengage. ISBN 978-1-473-72545-4Alexander, D., and Nobes, C. (2016), Financial accounting –an international introduction.6th edition. Harlow: Pearson Education. ISBN 978-1-299283-46-6 (also available as ebook)Atrill, P., & Mc Laney E. (2017) Accounting and finance for non-specialists. 10th Edition.Harlow: FT Prentice Hall. ISBN 9781292135601 (also available as e-book)Bender, R. (2013) Corporate financial strategy, 4th ed. London: Routledge. ISBN 0-415-64041-5 (also available as e-book)Eiteman, D.K., et al., (2016), Multinational Business Finance, 14th Ed., Pearson, London,ISBN-10: 1292097876Hill, C. W. L. (2017) International business. 11th ed. New York: Pearson. ISBN9781260084153Pilbeam, K. (2013) International finance. 4th ed. Basingstoke: Palgrave Macmillan. ISBN978-1-137116-37-6.Ward, A. M. (2014) Finance: theory and practice. 3rd ed. Dublin: Chartered AccountantsIreland. ISBN 978-1-908199-48-5Watson, D. & Head, A. (2016) Corporate finance 7th ed. New York: Pearson. (also availableas e-book)Useful JournalsInternational Business ReviewJournal of International Business Studies (12 month full-text embargo)Journal of World BusinessHarvard Business ReviewInternational Small Business JournalUseful Library Databases & WebsitesNexis (for news, business & company information)LexisLibrary (for legal/regulatory, accounting and taxation)Business Week (www.businessweek.com )Financial Times (www.ft.com )International Monetary Fund www.imf.org/International Financial Reporting Standards www.ifrs.org/ I know reading intrudes on your social life, but reading is a major part of your degree. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 12 of 30QA Library’s Support ServicesQA Library website.QA’s library website is a great place to start your research. This site brings together the resourcesprovided by Ulster University library and the resources provided by QAHE library. Everything youneed is in one place! The Ulster University page includes links to databases, ebook collections, open accesssources, referencing, and much more.The Homepage contains information on research skills, extracting information fromtextbooks and accessible learning recommendations.The contact us page contains a live chat box so you can ask questions and receive immediate answers from a librarian. You can also book one-to-one sessions or join theregular ‘online hangout with a librarian’. There are lots of ways to ask for help with yourresearch!SCONULUlster University is part of the SCONUL network. This allows students to visit other universitylibraries and use their books. If you’d like to do this, contact QA Library and we will arrange SCONULmembership for you.StudiosityUlster University subscribes to Studiosity, which enables students to receive feedback on draftassignments. Simply upload your draft, select the type of feedback you want (eg grammar,referencing etc), and submit. Feedback will be provided within 24 hours.Library’s Support ServicesIn collaboration with teaching staff, your Business Librarian will be delivering timetabled workshopsto ensure you are able to make the best use of the Library’s services and information resources insuccessfully completing your coursework. Furthermore, if you need specific help with anassignment or dissertation then you can make an appointment to meet with yourBusiness Librarian by email, phone or through using the appointments schedule.Online support is also available through the Library’s subject pages for Business andManagement and these provide help in developing your information andresearch skills through literature searching , academic writing support andreferencing.Blackboard Learn Student Orientation CourseIt is highly recommended that you complete the above online course to get familiar with Ulster’sVirtual Learning Platform, Blackboard Learn. The course is accessible from your ‘Course List’ in yourBlackboard Area.BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 13 of 305. Organisation and ManagementInternational Finance, is a 20-credit point module, this requires 200 hours of yourcommitment, distributed through the following learning and teaching activities overthe 15-week semester: ActivityDurationTotal HoursMulti-Media Lecture & Class Activities1.5 hour18Online Tutorial1.5 hour18Independent Study – Assigned reading and note-taking5 hours60Independent Study – Assessment Activities & Tutorial Preparation8.5 hours104TOTAL200 6. Learning and Teaching MethodsThe module is delivered fully online and will be facilitated through theprovision of the following learning and teaching activities: Lectures one hour and thirty minutes utilising live WebEx sessions andrecorded session videos will be sent to you after the lecture.Seminar: one hour and thirty minutes via WebEx including individual/groupwork activitiesDiscussion Board: These will be utilised to continue in-classdiscussions and/or discussion of new set topics. Blackboard Learn, Discussion Board Tool will beutilised.Online Resources: These will be an integral part of the delivery. See the library reading list below which is also accessible via Blackboard Learn. You will be directed to academic,professional and open content resources to extend your knowledge, understanding andapplication. These are the types of learning activities that will make up your weekly timetable. These are the type of learning activities you will experience in this module. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 14 of 30 Independent Study: Utilise this time to prepare for tutorials/seminars and research yourassessment tasks. Electronic Assessment: TurnItIn Feedback Studio and/or Blackboard Learn Assessments willenable assessment information submission and feedback delivery.Blackboard Learning SupportIf you require help or support with any of the digital learning tools, please viewUlster’s Blackboard Student Support area.BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 15 of 30 Teaching and Learning PlanWeek /L&T Methods /Topic TitleCurriculum ContentIndependent/Directed Study, includes: Required Reading, Tutorialpreparation, and/or Assessment PreparationWk 1 LectureLecture Title – Introduction to theGlobal Financial EnvironmentLearning Objectives: Understand the nature of the financialenvironment and internationalinfluences Understand key aspects of the financialstatements and position of a MNE Consider key issues in report writingContent:Module Welcome:Introductions and Student Voice – Expectationsof the moduleOverview of Module HandbookOverview of the Blackboard Area nature of the financial environment andinternational influences key aspects of the financial statementsand position of a MNE key issues in report writingIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2ndEd. (pp. 19-50)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed.,Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN1-118-78186-4 (Chap 1; pp. 1-11) BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 16 of 30 Wk 1 TutorialTutorial Topic/Task: Understand the nature of the financialenvironment and internationalinfluences Understand key aspects of the financialstatements and position of a MNE Consider key issues in report writingContent:Module Welcome:Introductions and Student Voice – Expectationsof the moduleOverview of Module HandbookOverview of the Blackboard Area nature of the financial environment andinternational influences key aspects of the financial statementsand position of a MNE key issues in report writingReading:Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2ndEd. (pp. 19-50)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed.,Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN1-118-78186-4 (Chap 1; pp. 1-11)Student User Guide – Blackboard LearnWk 2 Lecture – Analysis ofMNE’s Financial Position in aGlobal ContextLearning Objectives: Understand the nature of financialdecisions and the decision makingprocess Understand the international issuesaffecting international corporate finance Explain key aspects of the financialposition of a multinational enterpriseIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2ndEd. (pp. 19-50)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed.,Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN1-118-78186-4 (Chap 1; pp. 1-11) BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 17 of 30 using financial statements and ratioanalysisContent: nature of financial decisions and thedecision making process international issues affectinginternational corporate finance key aspects of the financial position of amultinational enterprise using financialstatements and ratio analysisWk 2 TutorialTutorial Topic/Task: Understand the nature of financialdecisions and the decision makingprocess Understand the international issuesaffecting international corporate finance Explain key aspects of the financialposition of a multinational enterpriseusing financial statements and ratioanalysisContent: nature of financial decisions and thedecision making process international issues affectinginternational corporate financeReading:Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2ndEd. (pp. 19-50)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed.,Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN1-118-78186-4 (Chap 1; pp. 1-11) BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 18 of 30  key aspects of the financial position of amultinational enterprise using financialstatements and ratio analysisWk 3 Lecture – FinancialDecision Making andInternational IssuesLearning Objectives: Understand the importance offinancial decision making; analyseand evaluate the financial position ofa multinational enterprise using ratioanalysis Appreciate the nature of wealthmaximisation Analyse the international issuesaffecting multinational financingContent: financial decision making; analyseand evaluate the financial position ofa multinational enterprise using ratioanalysis nature of wealth maximisation international issues affectingmultinational financingIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Bekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 497-540; pp. 641-660)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 2; pp. 12-22)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 1; pp. 12-18)Ward, A.M., (2014), Finance: Theory and Practice, 2nd Ed., CAI,Ireland (Chap 3; pp. 55 – 97)Session notes/powerpoints as appropriate. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 19 of 30 Wk 3 TutorialTutorial Topic/Task: Understand the importance of financialdecision making; analyse and evaluatethe financial position of a multinationalenterprise using ratio analysis Appreciate the nature of wealthmaximisation Analyse the international issues affectingmultinational financingContent: financial decision making; analyse andevaluate the financial position of amultinational enterprise using ratioanalysis nature of wealth maximisation international issues affectingmultinational financingReadingBekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2ndEd. (pp. 497-540; pp. 641-660)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed.,Cengage. London. ISBN 1-408-07989-5 (Chap 2; pp. 12-22)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN1-118-78186-4 (Chap 1; pp. 12-18)Ward, A.M., (2014), Finance: Theory and Practice, 2nd Ed., CAI, Ireland (Chap 3;pp. 55 – 97)Session notes/powerpoints as appropriate.Wk 4 Lecture – DividendDecisionLearning Objectives: Appreciate the importance of thedividend decision Understand the impact of dividendpolicyContent: the dividend decision the impact of dividend policyIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 21; pp. 519-532)Session notes/powerpoints & supporting learning materials/articles (asappropriate). BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 20 of 30 Wk 4 TutorialTutorial Topic/Task: Appreciate the importance of thedividend decision Understand the impact of dividendpolicyContent: the dividend decision the impact of dividend policyLumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 21; pp. 519-532)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 5 Lecture – Capital StructureLearning Objectives: Understand the significance of anoptimal capital structure Appreciate the issues affectingcapital structure in a complex worldContent: capital structure issues affecting capital structure in acomplex worldIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 18-19; pp.428-485)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 8, pp. 285-286; Chap 12;pp. 365-366)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 5 TutorialTutorial Topic/Task: Understand the significance of anoptimal capital structure Appreciate the issues affectingcapital structure in a complex worldContent: capital structure issues affecting capital structure in acomplex worldReading:Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 18-19; pp.428-485)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 8, pp. 285-286; Chap 12;pp. 365-366)Session notes/powerpoints & supporting learning materials/articles (asappropriate). BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 21 of 30 Wk 6 Lecture – Cost of CapitalLearning Objectives: Understand the nature of thefinancing decision in context of globalequity markets Understand the concept of aninternational cost of capital andexpected return Understand the issues related tosourcing equity globally Understand the nature of capitalmarket structureContent: the financing decision in context ofglobal equity markets cost of capital and expected return sourcing equity globally nature of capital market structureIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Bekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 369-413)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 16; pp. 372-408)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 9; pp. 274-286; Chap 12;pp. 364)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 6 TutorialTutorial Topic/Task: Understand the nature of thefinancing decision in context of globalequity markets Understand the concept of aninternational cost of capital andexpected return Understand the issues related tosourcing equity globally Understand the nature of capitalmarket structureContent: financing decision in context of globalequity markets cost of capital and expected return sourcing equity globallyReading:Bekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 369-413)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 16; pp. 372-408)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 9; pp. 274-286; Chap 12;pp. 364)Session notes/powerpoints & supporting learning materials/articles (asappropriate). BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 22 of 30  nature of capital market structureWk 7 Lecture – Risk – PortfolioTheory and Capital Asset PricingModel (CAPM)Learning Objectives: Understand the concept of portfoliotheory Understand the use of the CAPM inan international context Consider the issues related tomanaging multinational risk in aglobal environmentContent: portfolio theory CAPM in an international context multinational risk in a globalenvironmentIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Bekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 447-490)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps10-11; pp.196-245; Chap 12; pp. 248-277)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 7 TutorialTutorial Topic/Task: Understand the concept of portfoliotheory Understand the use of the CAPM inan international context Consider the issues related tomanaging multinational risk in aglobal environmentContent: portfolio theory CAPM in an international context multinational risk in a globalenvironmentReading:Bekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 447-490)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps10-11; pp.196-245; Chap 12; pp. 248-277)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 8 Lecture – FinancialMarkets: Efficient MarketsHypothesis (EMH)Learning Objectives: Understand the concept of marketefficiency and EMH Understand the nature of the globalcapital market and financial system.Independent Study 11 HoursDirected Learning Activities 3 HoursReading: BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 23 of 30  Understand the concept of financialintermediationContent: EMH global capital market and financialsystem. financial intermediationLumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 15; pp. 348-371)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 8; pp. 235-259; Chap 12;pp. 356-363)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 8 TutorialLearning Objectives: Understand the concept of marketefficiency and EMH Understand the nature of the globalcapital market and financial system. Understand the concept of financialintermediationContent: EMH global capital market and financialsystem. financial intermediationLumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 15; pp. 348-371)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 8; pp. 235-259; Chap 12;pp. 356-363)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 9 Lecture – InvestmentAppraisal and InternationalConsiderationsLearning Objectives: Understand the methods ofinvestment appraisal and potentialapplication to multinationalenterprises Discuss the potential for investmentby multinationals and factorsinfluencing the investment decision ina global context Consider the use of multinationalinvestment appraisal as a FDIstrategyIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Bekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 543-570)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 3-6 ; pp.28-119)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 20; pp. 551-591)Session notes/powerpoints & supporting learning materials/articles (asappropriate). BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 24 of 30 Content: investment appraisal and potentialapplication to multinationalenterprises factors influencing the investmentdecision in a global context multinational investment appraisal asa FDI strategyWk 9 TutorialTutorial Topic/Task: Understand the methods ofinvestment appraisal and potentialapplication to multinationalenterprises Discuss the potential for investmentby multinationals and factorsinfluencing the investment decision ina global context Consider the use of multinationalinvestment appraisal as a FDIstrategyContent: investment appraisal and potentialapplication to multinationalenterprises factors influencing the investmentdecision in a global context multinational investment appraisal asa FDI strategyBekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 543-570)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 3-6 ; pp.28-119)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 20; pp. 551-591)Session notes/powerpoints & supporting learning materials/articles (asappropriate).DEADLINE DATE:23:59 hrs, Sunday of Week 9ASSESSMENT SUBMISSIONDUE by 23:59 hrs, Sunday of Week 9. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 25 of 30 Wk 10 Lecture – Introduction toInternational Financial Marketsand Foreign CurrencyManagementLearning Objectives: Understand the key principles ofexchange rate determination Understand the case for foreignexchange risk management Consider use of exchange rateforecasting Understand key issues in managingtransaction, translation and economicexposure Understand the key tools used tomanage currency risk such asFutures, Swaps and Options.Content: principles of exchange ratedetermination foreign exchange risk management exchange rate forecasting managing transaction, translationand economic exposure manage currency riskIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Bekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 147-185; 187-218; pp. 219-250; pp. 259-290)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 22; pp. 536-552; Chap 23; pp. 553-578)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 2; pp. 23-49; Chap 3; pp.63-90; Chap 7; pp. 185-226; Chap 16; pp. 438-467; Chap 17;pp. 477-492; Chap 18; pp. 507-520); Session notes/powerpoints& supporting learning materials/articles (as appropriate).Wk 10 TutorialTutorial Topic/Task: Understand the key principles ofexchange rate determination Understand the case for foreignexchange risk management Consider use of exchange rateforecastingBekaert, G. J., & Hodrick, R.J., (2016), International FinancialManagement, 2nd Ed. (pp. 147-185; 187-218; pp. 219-250; pp. 259-290)Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 22; pp. 536-552; Chap 23; pp. 553-578)Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 2; pp. 23-49; Chap 3; pp.63-90; Chap 7; pp. 185-226; Chap 16; pp. 438-467; Chap 17; BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 26 of 30  Understand key issues in managingtransaction, translation and economicexposure Understand the key tools used tomanage currency risk such asFutures, Swaps and Options.Content: principles of exchange ratedetermination foreign exchange risk management exchange rate forecasting managing transaction, translationand economic exposure manage currency riskpp. 477-492; Chap 18; pp. 507-520); Session notes/powerpoints& supporting learning materials/articles (as appropriate).Wk 11 Lecture – Current Issuesin Financial ManagementLearning Objectives: Review the significance of key courseideas, concepts and aspects ofprofessional practice in internationalfinance to support multinationalenterprisesConsider current issues in internationalfinance affecting multinational enterprisesContent: course ideas, concepts and aspectsof professional practice ininternational finance to supportmultinational enterprises current issues in international financeaffecting multinational enterprisesIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 )Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18)Session notes/powerpoints & supporting learning materials/articles (asappropriate). BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 27 of 30 Wk 11 TutorialTutorial Topic/Task: Review the significance of key courseideas, concepts and aspects ofprofessional practice in internationalfinance to support multinationalenterprisesConsider current issues in internationalfinance affecting multinational enterprisesContent: course ideas, concepts and aspectsof professional practice ininternational finance to supportmultinational enterprises current issues in international financeaffecting multinational enterprisesReading:Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 )Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18)Session notes/powerpoints & supporting learning materials/articles (asappropriate).Wk 12 Lecture -RevisionLearning Objectives: Review the significance of key courseideas, concepts and aspects ofprofessional practice in internationalfinance to support multinationalenterprisesConsider current issues in internationalfinance affecting multinational enterprisesContent: course ideas, concepts and aspectsof professional practice ininternational finance to supportmultinational enterprisesIndependent Study 11 HoursDirected Learning Activities 3 HoursReading:Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 )Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18)Session notes/powerpoints & supporting learning materials/articles (asappropriate). BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 28 of 30Students will be expected to engage in all prescribed activities that contribute towards final assessment.  current issues in international financeaffecting multinational enterprisesWk 12 TutorialTutorial Topic/Task: Review the significance of key courseideas, concepts and aspects ofprofessional practice in internationalfinance to support multinationalenterprisesConsider current issues in internationalfinance affecting multinational enterprisesContent: course ideas, concepts and aspectsof professional practice ininternational finance to supportmultinational enterprises current issues in international financeaffecting multinational enterprisesReading:Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice.9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 )Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley.London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18)Session notes/powerpoints & supporting learning materials/articles (asappropriate).23:59 hrs, Wednesday of Week13ONLINE TESTS – SUBMISSION DUE by 23:59 hrs on Wednesday of week 13. BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 29 of 30Student Voice & Support ServicesAs a course team, we incorporate thekey partnership principles set out in the joint UU & UUSU Student Voice Guidelines and proactively engage with the democratic election of UUSU academicstudent reps (Faculty Reps, School/Dept Reps & Course Reps) to ensure that student opinion is heard at Ulster. We respect your views and welcome yourhonest and constructive feedback on the module.There are several ways to do this: You can contact your Module Coordinator about any queries related to your learning experiences on the module.You can voice your opinions through the formal Staff/Student Consultative Committee process by contacting one of the elected UUSU Course Reps inyour class.You can use Unitu – a new student feedback online platform, which enables students to have the right opportunities to raise and discuss feedbackabout your course and UU in a transparent way. Unitu allows students, Academic Reps and staff to engage in discussions that aim to bring about concreteimprovements and support the student voice.You will have the opportunity to give feedback on the module through completing the online Student Module Feedback Survey. UUSU Advice Bureau ServiceIf you are experiencing difficulties that are impacting your studies, you can contact the Advice Bureau in the Students’ Union. You can get advice andguidance on issues such as – complaints, appeals, housing problems, disciplinaries and info on various support providers available. To have a chat with th eteam, contact UUSU online. How we support your opinion BMG704 International FinanceAcademic Year 2020/21 – Semester I Page 30 of 30UU Student Wellbeing ServiceIf you are stressed, anxious or have additional wellbeing support needs or disability please contact Student Wellbeing and take support.

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