SHE level 11 SCQF credit points 15 ECTS credit points 7.5 Module code MMN330199 Module Leader Athanasios Tsekeris School Glasgow School for Business and Society Subject Finance Trimester A (September start), A (September start)
Summary of content The module aims to develop a critical awareness and understanding of finance in a global context. This module has both theoretical and applied elements as it endeavours to please the existing theories into the modern problems of global finance faced today. The module will be delivered in three parts, each building on the other, and together meeting the Learning Objectives of the Module. The first part of the module introduces some basic ideas and terminology of international finance, as well as outlines international financial system and its main institutions. It then proceeds to analyse various theories of exchange rate determination, their application in empirical research and risks present in foreign exchange markets. The last part of the module deals with several international financial markets with respect to the range of services and securities offered by those markets.
Module details Syllabus arrow_forward 1. Foundations of international finance • The international monetary system post World War 2 • The market for foreign exchange • Balance of payments 2. Exchange rate determination and risk in the foreign exchange market • The law of one price & purchasing power parity • International parity relationships and forecasting foreign exchange rates • Speculation and risk in foreign exchange market 3. Modern world financial markets and institutions International banking and money market • International bond market • International equity markets • Offshore financial centres & tax heavens
Learning outcomes arrow_forward On successful completion of this module, the student should be able to: 1. Understand and evaluate a practical application of various exchange rate determination models. 2. Critically review and discuss relevant academic publications. 3. Understand and take an active part in the main debates on international financial issues presented in the financial press/media (critical thinking). 4. Critically discuss the contemporary international monetary system and its main players and be able to discuss the main problems and opportunities that the international monetary system is facing. 5. Apply their knowledge of global finance to work out the solutions to real-world problems in the modern international financial markets. 6. Possess a theoretical and empirical understanding of the main debates and problems present in international monetary system, exchange rate determination and international financial markets
Teaching / learning strategy arrow_forward In alignment with the GCU SfL, and the general aims of both the MSc International Banking and Finance programme, and GSBS more generally, the learning outcomes of this module are delivered within a context of encouraging responsible leadership, an international perspective, and professionalism, through engaging students in the analysis, research, and discussion of contemporary, real-life issues. For students other than distance learning students, contact will normally be two hours of lectures and one hour of seminar each week. Lectures will be used to highlight the key issues in a specific topic and point the way towards relevant journal articles and other appropriate literature. Students will be then expected to prepare for following week 's seminar on each topic by engaging in literature searches, undertaking relevant reading, and preparing responses to discursive and, where necessary, computational questions. In some cases, students will be asked to prepare work in advance of the lecture to facilitate a more interactive approach to the lecture, providing the basis for deepening professional skills, knowledge and understanding. Seminars will be conducted in workshop format providing the opportunity for student led and group task learning, with the aim of enhancing to enhance intellectual, critical, and analytical skills, as well as common good attributes of leadership and responsibility. In the case of Distance Learning students, course materials will include interactive prompts and opportunities for reflection to allow the students to identify and engage with important learning points and issues arising in the course material. Module tutors will also make use of podcasts to emphasise important issues and learning points or explain problematic issues that arise either face-to-face or online, to all students. Extensive use will be made of VLE, Computer Labs and the Bloomberg terminals to enhance the learning experience and engagement of all students on the module.
Indicative reading arrow_forward Transferrable skills arrow_forward 1. Problem-solving: identifying the main concepts and issues in problem situations and formulating solutions will be accomplished through practical work in lectures, seminars, and assessments 2. Leadership and interpersonal skills - will be emphasised throughout all learning activity. Seminars and online will be used to encourage co-operation and teamwork in the formulation and presentation of work 3. Communication - the ability to use appropriate language and form when writing and speaking will be enhanced by making verbal presentations in, and preparing written work for, seminars, as well as through coursework. 4. Research skills - the ability to enhance research skills will be acquired though carrying out research for class tasks and assessed coursework.
Module structure Activity Total hours Lectures 22 Tutorials 0 Practicals 0 Seminars 11 Independent Learning 79 Assessment 38 Placement 0
Assessment methods Component Duration Weighting Threshold Description Course Work001 50 45 Mid-term class test. Course Work002 50 45 End-of-term class test