Objectives and competences

Content (Syllabus outline)

International monetary system: determination of external value of money, the foreign exchange systems, alterations of external value of money, international monetary institutions, IMF, monetary arrangements in Asia and Latin America; Balance of payment: determination, structure, balance of payment adjustments; Foreign exchange markets: definitions, currency risk, spot and forward forex transactions, options, swaps. Hedging foreign exchange risk. Foreign trade financing: international payments and bank financing, specialized trade financing, bank guarantees.

Learning and teaching methods

- lecturing; - multimedia presentation; - case studies; - team work

Intended learning outcomes - knowledge and understanding

Development of knowledge and understanding: Students: 1. Develop ability for understanding interdependencies between globalisation and international business finance. 2. Learn how to analyse international financial operations. 3. Are able to develop international financial strategies and programmes. 4. Develop basic competency to independently plan, implement, organize and control firm’s activities in international financial markets. Cognitive/Intellectual skills: Students: 1. Develop ability for understanding complexities of international business finance. 2. Develop skills to independently analyse foreign financial markets. 3. Develop ability for analytical evaluation of decisions in international financing.

Intended learning outcomes - transferable/key skills and other attributes

Key/Transferable skills Students: 1. Develop ability for understanding of appropriate financial acting in different financial context. 2. Upgrade the ability to become an autonomous learner. 3. Develop analytical skills for foreign financial market assessment. 4. Upgrade basic ability to develop strategies and programmes in varied financial context. Practical skills: Students: 1. Can understand the impact of financial context variety on doing financial transactions. 2. Can analyse various situations in international business finance. 3. Will be able to professionally evaluate/act in different financial market situations.

Readings

Krugman, P., Obstfeld, M. (2016); International Finance: Theory and Policy, Pearson Dodatna literatura: Eiteman, D., Stonehill, A., Moffett, M. H. (2018). Multinational Business Finance, Pearson Education Zbašnik, D. (2001): Mednarodne poslovne finance, EPF Maribor Mrak, M. (2002): Mednarodne finance, GV Založba, Ljubljana Revije s strokovnega področja, svetovni splet.