Objectives and competences
To train students to understand the fundamental determinants of international financial management, to use relevant information to evaluate alternative financial options in short and long-term international financial decisions. Understand the problems and be able to evaluate decisions in the field of international financial management and to solve related macroeconomic and microeconomic problems.
Content (Syllabus outline)
- International financial markets.
- International Monetary System: definition of the external value of money, exchange rate systems, changes in the external value of money,
- International financial markets and instruments, bonds, shares and their valuation and management.
- Financial decisions in an international environment,
- EEC dynamics and relevance in international finance,
- Responsible and accountable aspects of business
Learning and teaching methods
Learning and teaching methods:
- Interactive lectures with and group discussions.
- Practical tutorial based on case studies.
- Independent research and critical study of materials.
- Practice of communication skills through presentations.
Intended learning outcomes - knowledge and understanding
Students in this course:
1. The student analyzes and uses methods and techniques. Knows, understands and demonstrates knowledge for the design and use of a set of financial methods and techniques that are key to managing finances in an international environment (PILO 1a, 2b).
2. The student understands the concepts of international finance and manages a financial portfolio in an international environment. Has an in-depth systematic understanding of key concepts in the field of international finance, financial management and financial portfolio management in an international environment (PILO 2a, 3b).
3. The student critically evaluates ethical dilemmas and challenges in the field of international finance and in Is aware of ethical dilemmas in the financial industry and masters a proactive approach in finding solutions to them, especially within the framework of responsible conduct and reporting, and understands the importance of ethical codes and professional standards (PILO 4c).
4. The student critically analyzesCan critically analyze complex and sometimes contradictory areas of international finance, including financial analysis, risk assessment and valuation of financial instruments, and can explain the results of the analysis in a comprehensible manner (PILO 3a, 3b).
5. The student synthesizes financial information and develops innovative approaches to financial decision-making, taking into account both the theoretical and practical value of his/her findings for the company and society (PILO 1a).
6. The student independently solves financial problems and makes decisions in complex situations Demonstrates independence and originality in analyzing and solving financial problems in an international environment and can make decisions in uncertain and complex situations (PILO 4a, 4b).
7. The student masters and uses Master the skills of operating in complex and unpredictable financial circumstances, following best practices and standards in financial management to ensure sustainable and ethical growth of the company (PILO 4b, 2b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
Students in this course:
1. The student analyzes and uses methods and techniques. Knows, understands and demonstrates knowledge for the design and use of a set of financial methods and techniques that are key to managing finances in an international environment (PILO 1a, 2b).
2. The student understands the concepts of international finance and manages a financial portfolio in an international environment. Has an in-depth systematic understanding of key concepts in the field of international finance, financial management and financial portfolio management in an international environment (PILO 2a, 3b).
3. The student critically evaluates ethical dilemmas and challenges in the field of international finance and in Is aware of ethical dilemmas in the financial industry and masters a proactive approach in finding solutions to them, especially within the framework of responsible conduct and reporting, and understands the importance of ethical codes and professional standards (PILO 4c).
4. The student critically analyzesCan critically analyze complex and sometimes contradictory areas of international finance, including financial analysis, risk assessment and valuation of financial instruments, and can explain the results of the analysis in a comprehensible manner (PILO 3a, 3b).
5. The student synthesizes financial information and develops innovative approaches to financial decision-making, taking into account both the theoretical and practical value of his/her findings for the company and society (PILO 1a).
6. The student independently solves financial problems and makes decisions in complex situations Demonstrates independence and originality in analyzing and solving financial problems in an international environment and can make decisions in uncertain and complex situations (PILO 4a, 4b).
7. The student masters and uses Master the skills of operating in complex and unpredictable financial circumstances, following best practices and standards in financial management to ensure sustainable and ethical growth of the company (PILO 4b, 2b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
Obvezna študijska literatura (Compulsory textbooks):
1. Eiteman, D., Stonehill, A., Moffett, M. H. (2018). Multinational Business Finance, Pearson Education.
2. Krugman, P. R., Obstfeld, M., Melitz, M. J. (2016). International Finance: Theory and Policy. Pearson.
3. OPLOTNIK, Žan, BESSA VILELA, Noemia, JESUS-SILVA, Natacha. EU foreign investment policy - FDI screening mechanism to advert genuine threats or introducing hidden protectionism. V: OPLOTNIK, Žan (ur.), JESUS-SILVA, Natacha (ur.). Contemporary issues in international economics. Maribor: Institute for Local Self-Government, 2021. Str. 51-67, ilustr. ISBN 978-961-7124-08-8. [COBISS.SI-ID 84725251]
Dopolnilni viri (Additional textbooks):
1. Zbašnik, D. (1999): Mednarodno finančno ravnanje, EPF Maribor.
2. Zbašnik, D. (2001): Mednarodne poslovne finance, EPF Maribor
3. Brigham, E.F., Daves, P.R. (2021); Intermediate Financial Management, 14th edition, Boston, Cengage
4. Kodeks poklicne etike poslovnega finančnika. 2001. Ljubljana: Zveza RFRS,
5. Kodeks poslovnofinančnih načel. 1997. Ljubljana: Zveza RFRS.
6. Damodaran, Aswath. 2024. Damodaran Online. Https://pages.stern.nyu.edu/~adamodar/ (12.03.20244)
7. Baze podatkov bonitetnih agencij in javnih evidenc (E-Bonitete, AJPES, ipd)
Additional information on implementation and assessment Written exam - individual written exam
Seminar paper - writing and presenting of seminar paper
In-class participation - short tasks based on case studies
