《International Finance》课程实施方案（教学大纲）

1、International Finance课程实施方案I BASIC COURSE INFORMATIONCourse Title: International FinanceCourse Number: BEN308Credit: 4Class Hours：3 class hours/week, 51 class hours in totalII INSTRUCTOR, ASSISTANT AND CLASSROOM INFORMATIONClass Policies: Attendance taken at the beginning of the class on random days

2、III READING MATERIALSRequired Reading：International Corporate Finance by Laurent L. Jacque. Wiley Finance 2014.Weekly news articles and other readingsThe Economics of Money, Banking and Financial Markets by Frederic S. Mishkin. 10th edition PEARSONRecommended Reading:Extra news articlesOptional Read

3、ing:IV DETAILED COURSE INFORMATIONCourse Objectives:1. Review basic economic concepts and relate them to international finance.2. Understand how foreign exchange rates are determined and quoted in financial markets.3.Understand the basic of the international monetary system.4.Understand the relation

4、ship between interest rates, both domestic and foreign, with foreign exchange rates.5. Introduce advanced topics in international corporate finance.Course Outline: Subject to ChangeNUMBERTOPICSKNOWLEDGE POINTSCLASS HOURS1Introduction to Course and Overview of Topics Introduction to the course and ov

5、erview of topics32Introduction to International Corporate FinanceWhat is meant by international finance and international corporate finance33Financial assets and derivativesDifferentiate between the different types of financial assets and introduce the concept of derivative assets3 4Overview of Fina

6、ncial MarketsOverview of the main concepts in financial markets35Interest Rates Part 1Understand how interest rates are determined and their role in the economy and how they relate to international finance3 6Interest Rates Part 2Understand how interest rates are determined and their role in the econ

7、omy and how they relate to international finance3 7Introduction to Foreign Exchange MarketsUnderstand the determinants of supply and demand for foreign exchange3 8The Balance of PaymentsUnderstand the measurements and relevance of the balance of payments3 9MidtermAll class material up to this point3

8、10Exchange rate regimesUnderstand the different types of exchange rate regimes in the past and present.311International monetary systemUnderstand the international monetary system and how it relates to the domestic312Interest Rate Arbitrage and ParityUnderstand the different parity conditions betwee

9、n interest rates and foreign exchange rates313International Financing (equity)Understand how multinational companies raise equity in different markets314Managing Foreign Exchange RiskUnderstand the reason and methods for managing foreign exchange risk315International Capital BudgetingUnderstand the

10、difference between national project and international project valuation316Student group presentationsPresentation topics about recent international finance relevant to the course317Student group presentationsPresentation topics about recent international finance relevant to the course3CLASS HOURS IN

11、 TOTAL:48 40(LECTURING)+4(TEAM PROJECTS)+4(QUIZZES)Course Policies:Course Arrangement:DATESTOPICSTEACHING METHODSASSIGNMENTREADING09/10/2018Introduction to Course and Overview of TopicsPresentation and discussions Related exercisesClass Handout and Mishkin Chapter 109/17/2018Introduction to Internat

12、ional Corporate FinancePresentation and discussions Related exercisesClass Handout and Jacque Chapter 1 09/24/2018Financial assets and derivativesPresentation and discussions Related exercisesMishkin Chapter 2, Jacque Chapter 7, related articles and handout10/01/2018Overview of the financial systemP

13、resentation and discussions Related exercisesMishkin chapter 2 and news articles 10/08/2018Interest Rates Part 1Presentation and discussionsFirst assignment dueMishkin chapter 4 and news articles 10/15/2018Interest Rates Part 2Presentation and discussionsRelated exercisesMishkin chapter 5 and 6 and

14、news articles 10/22/2018 Foreign exchange markets and pricingPresentation and discussionsIn class examinationJacque chapter 5 and news articles 10/29/2018 The Balance of PaymentsPresentation and discussions Related exercisesJacque chapter 4 and news articles11/05/2018MidtermExamination All class mat

15、erial11/12/2018Exchange rate regimesPresentation and discussions Related exercisesJacque chapter 3 and news articles11/19/2018International monetary systemPresentation and discussions Related exercisesJacque chapter 3, Mishkin chapter 18 and news articles11/26/2018Interest Rate Arbitrage and ParityP

16、resentation and discussionsRelated exercisesJacque chapter 6 and news articles12/03/2018International Financing (equity)Presentation and discussions Second Assignment DueJacque chapter 9 and news articles12/10/2018Managing Foreign Exchange RiskPresentation and discussions Related exercisesJacque cha

17、pter 14 and news articles12/17/2018International Capital BudgetingPresentation and discussions Related exercisesJacque chapter 20 and news articles12/24/2018Student group presentationsPresentation and discussionsPresentation slides and written report due day beforeStudents prepare presentations from their own research12/31/2018Student group presentationsPresentation and discussionsPresentation slides and written report due day beforeStudents prepare presentations from their own researchGrading System:GRADED ELEMENTSCONTENTSGRADING METHODSPOINTSFinal ExamAll topics coveredExam40Team