GLOBAL FINANCE

SHE Level 1
SCQF Credit Points 5.00
ECTS Credit Points 2.50
Module Code M1N325786
Module Leader n/a
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • C (May start)

Summary of Content

The module aims to develop an awareness and understanding of finance in a global context. This module has both theoretical and applied elements as it endeavours to place 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 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 a number of international financial markets with respect to the range of services and securities offered by those markets.

Syllabus

Foundations of international finance -360 - The international monetary system post World War 2 -360 - The market for foreign exchange - Balance of payments Exchange rate determination and risk in the foreign exchange market -360 - The law of one price & purchasing power parity -360 - International parity relationships and international fisher effect - Forecasting foreign exchange rates Modern world financial markets and institutions -360 - International money markets -360 - International bond market -360 - International equity markets

Learning Outcomes

On successful completion of this module, the student should be able to:1. Understand the practical application of various exchange rate determination models. 2. Discuss the contemporary international financial system and its main players and be able to explain the main problems and opportunities the system currently faces. 3. Apply knowledge of global finance to real-world problems in the modern international financial markets.

Teaching / Learning Strategy

A blended learning approach is used, which combines lectures, seminars and practical workshops. Practical sessions and seminars are linked to the lecture; incorporaitng problem-based learning strategies and e-learning materials. Learning is a mix of classroom-based actvities alongside experiential exercises. Students are encouraged to work in inter-cultural and inter-disciplinary groups, refecting the reality of global workplaces. Support from our Learning and Development Centre and library staff is provided.

Indicative Reading

This is a suggested resource bank which will be supplemented by online material on GCULearn; students are expected to draw from this as appropriate for short term study. -567 Books and articles: -567 Pilbeam, K. (2013). International Finance (4th Ed.), Palgrave Macmillan Eun, C., and B. G. Resnick. (2017). International Financial Management(8th Ed.), McGraw Hill Copeland, L. (2014). Exchange Rates and International Finance (6th Ed.), Pearson -567 Online sources: Bank of England: www.bankofengland.co.uk <http://www.bankofengland.co.uk> Bank for International Settlement: www.bis.org <http://www.bis.org> European Central Bank: www.ecb.int <http://www.ecb.int> Federal Reserve Bank: <https://fred.stlouisfed.org> Financial Conduct Authority: www.fca.org.uk <http://www.fca.org.uk> International Monetary Fund: www.imf.org <http://www.imf.org> International Organisation of Securities Commission: www.iosco.org <http://www.iosco.org> Office for National Statistics: www.ons.gov.uk <http://www.ons.gov.uk> VOX CEPR's Policy Portal: voxeu.org <http://voxeu.org/> World Bank: www.worldbank.org <http://www.worldbank.org> World Federation of Exchanges: www.world-exchanges.org/home <http://www.world-exchanges.org/home/> Other sources: Academic Journals: European Journal of Finance IMF Economic Review International Review of Finance Journal of Financial Markets Journal of International Business Studies Journal of International Economics Journal of International Financial Markets, Institutions and Money Journal of International Money and Finance World Bank Economic Review Newspapers & Magazines: Bloomberg The Economist The Financial Times MoneyWeek Magazine

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: 1. Tackling and solving analytical and numerical problems; 2. Ability to express and understand spoken and written communication in English at an advanced level in the international business environment; 3. The ability to work independently and as a part of a team; 4. Relating concepts and knowledge from different areas; 5. Applying acquired knowledge and skills to current problems present in the international financial system; 6. Ability to exploit new information sources; 7. Presentation skills as part of a group and as an individual.

Module Structure

Activity Total Hours
Assessment (FT) 10.00
Lectures (FT) 10.00
Practicals (FT) 10.00
Independent Learning (FT) 10.00
Seminars (FT) 10.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 100.00 35% 20 minute group presentation