INTERNATIONAL FINANCE, INSTITUTIONS AND TRADE

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN325741
Module Leader Muhammad Nawaz
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • A (September start)

Pre-Requisite Knowledge

Banking, Corporate Finance and Investment or equivalent

Summary of Content

This module aims to develop a critical knowledge of various aspects of international financial services and supporting institutions. The students will study the various types of financial systems, corporate activities creating market efficiencies like mergers and acquisition, the foreign exchange markets, alternative financial services, offshore finance, the financial services sector in emerging and transition markets, European Financial Services and institutions and global trade finance and its impact on international financial services. PRME will be addressed in this module by examining ethical finance (Islamic finance and faith-based systems) as well as more contemporary issues related to assessment and management of risk in financial institutions.

Syllabus

Bank Based and Market Based Systems (SN) Mergers and Acquisition (SN) Foreign Exchange Markets (SN) Islamic Finance (SN) Offshore Finance (SN) Financial Services Sector in Emerging & Transition Markets (SN) European Financial Services and Institutions (MS) Global Trade Finance (MS)

Learning Outcomes

On successful completion of this module, the student should be able to:1.Critically examine the role and purpose of financial institutions in the economy.2.Develop an understanding of Mergers & Acquisitions activity in financial institutions and the role of international financial centres.3.Demonstrate a comparative knowledge of alternative financial systems like Islamic Finance and discuss the potential of such systems4.Demonstrate a critical understanding of financial sector developments in emerging market economies and the role of multilateral financial institutions in this development.5.Critically examine the role of foreign exchange markets and offshore finance6.Evaluate the impact of European financial services and institutions on UK7.Critically examine the effect of global trade flows on international financial services and institutions.

Teaching / Learning Strategy

The module provides a combination of lectures, tutorials, seminars and presentations with guest speakers from industry where appropriate. Keynote lectures provide the framework and background knowledge for more in-depth discussion in seminars and workshops. Through the study of relevant cases, students will critically analyse how financial institutions manage risk. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

Books and articles: Eiteman, Stonehill and Moffett "Multinational Business Finance" Addison-Wesley Latest edition (ISBN 0-201-71074-9) Ritter, Lawernce, S. "Principles of Money Banking and Financial Markets", Pearson Education. Latest edition. Boateng, A., Wang Q & Yang T. (2008). An Analysis of Strategic Motivation and Performance of Cross-border mergers and acquisitions in China Thunderbird International Business Review, Vol. 50, July/August, 2008 Uddin, M.. and Boateng, A,.(2009). An Analysis of Short-run Performance of the UK Cross-border Mergers and Acquisitions: Evidence from the Acquiring Firms, Review of Accounting & Finance, Vol. 8, No 4 Krugman, Obstfeld, and Melitz (2015); International Trade: Theory and Policy. Pearson, latest edition Hertel (2008); Global Trade Analysis: Modeling and Applications. Cambridge University Press Koshal (2017); Understanding Letters of Credit: A Learner's Guide to Letters of Credit. Notion Press Inc. Additionally, various online sources will be provided for reading and reference within the module VLE.

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: - Data gathering, critical analysis and interpretation skills - Communication and group working skills Research and presentation skills

Module Structure

Activity Total Hours
Tutorials (FT) 1.00
Assessment (FT) 30.00
Seminars (FT) 11.00
Lectures (FT) 24.00
Independent Learning (FT) 134.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 40.00 35% Mergers case study
Exam (Exams Office) 2.00 60.00 35% Exam (Exams office)