International Finance (IBF301)
Vietnamese title: Tài chính quốc tế
Credits: 3
Prerequisites: FIN202

Description:
The course provides a conceptual framework within which the key financial decisions of the multinational firm can be analyzed.
Topics covered include multinational firms and globalisation; foreign direct investment; political risk; foreign exchange markets; currency derivatives (currency options and forward contracts); measuring and managing transaction exposure.
Students are required to use AI tools to assist in conducting research, analysing data, and generating content, including making outlines, refining texts, analysing financial dimensions, or creating visual aids.

Learning outcomes:
Discuss the financial operations of a firm within the international environment.
Demonstrate basic understanding of foreign exchange market, exchange rate and currency risk exposure.
Apply key hedging techniques to manage currency risks of international projects.
Demonstrate the ability to produce a clear oral report and/or academic written report, which follows research ethic, that applies understanding of key concepts in international finance.
Practice ability to interract and cooperate effectively with others in the conduct of business.

Student tasks:
- Students must attend at least 80% of contact slots in order to be accepted to the final examination.
- Student is responsible to do all exercises, assignments given by instructors in class or at home and submit on time
- Use laptop in class only for learning purpose
- Promptly access to the FU CMS at http://flm.fpt.edu.vn for up-to-date course information

Tools:
- Textbook and all learning materials provided on FLM: https://flm.fpt.edu.vn/
- Internet

Materials:
description: International Financial Management
author: Cheol S. Eun and Bruce G. Resnick
publisher: McGraw-hill/Irwin
published_date: 2020
edition: 9th
isbn: 9781260013870
description: PowerPoint Slides
description: Instructor's Resource Manual
description: Test bank (Test gen and Doc. file)
description: International Financial Management
author: Jeff Madura
publisher: Cengage Learning
published_date: 2018
edition: 13th
description: The Economist, Financial Times, Global Finance, etc
author: Suggested link:
(1) The Economist: https://www.economist.com
(2) Financial Times: https://www.ft.com/
(3) Global Finance: https://www.gfmag.com/
description: International Financial Management
author: Cheol S. Eun and Bruce G. Resnick
publisher: McGraw-hill/Irwin
published_date: 2018
edition: 8th
description: ISE International Financial Management
author: Cheol S. Eun and Bruce G. Resnick
publisher: Mc Grawhill
published_date: 2020
edition: 9th
isbn: ISBN: 9781260575316
note: Chọn một trong 3 ấn bản. Ưu tiên mua ấn bản mới nhất.
description: AI in office
https://www.coursera.org/learn/copy-of-generative-ai-essentials-for-educators/
publisher: Coursera - FPT
description: Ethics of Artificial Intelligence https://www.coursera.org/learn/ethics-of-artificial-intelligence
publisher: Coursera
description: AI foundations for everyone
https://www.coursera.org/specializations/ai-foundations-for-everyone#courses
publisher: Coursera

Assessments:
category: Class participation
type: on-going
weight: 10.0
duration: During the course
question_type: LO1, LO2, LO3, LO4, LO5
grading_guide: Option 1:
- Individual Attendance: weight 30% of class participation mark
Suggestion: Students must attend more than 80% of contact slots in order to be accepted to the final examination. Any absence will reduce 0.5 point per time.
- Individual Participation in case study discussion sessions. weight 70% of class participation mark
Suggestion: Bonus 0.2-0.5 point per correct/good opinion in case study discussion. Lecturer should add mark rubic when providing case study.
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
note: Option 1:
in class, by instructor
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
category: Group assignment
type: on-going
weight: 30.0
duration: During the course
question_type: LO1, LO2, LO3, LO4, LO5
no_question: OP 1: Analysis, reports and presentationOP2 (For Constructivism Approach only): Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:Case studyOP2 (For Constructivism Approach only):Follow lecturer's proposal
grading_guide: Comprehensive reading, understanding issues, presenting problems,Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity. Cover all studied chaptersAny plagiarism will be resulted in a failure of assignment
note: Option 1:
- Guided by instructor
- Example of group assignment: Groups of students are assigned a topic relating to capital budgeting/ hedging. Students are expected to write up a professional report that describes their methodology with clear adjustment of their choice of models, findings and discussion and implications. Finally, students need to present their work in class to instructors and other groups. Report are graded to groups and presentation is graded on individual.
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
category: Individual Assignment
type: on-going
weight: 20.0
duration: During the course
question_type: LO1, LO2, LO3, LO4, LO5
no_question: OP1: Discussion, Analysis, reports OP2 (For Constructivism Approach only): Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:Case studyOP2 (For Constructivism Approach only):Follow lecturer's proposal
grading_guide: Comprehensive reading, understanding issues, presenting problems,Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity. Cover all studied chaptersAny plagiarism will be resulted in a failure of assignment
note: Option 1:
- Guided by instructor
- Examples of assignment design: provide case studies in the textbook prior to practice session of each chapter for discussion and analysis.
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
category: Quiz
type: on-going
weight: 10.0
duration: 30' for each quiz
question_type: LO1, LO2, LO3, LO4, LO5
no_question: OP 1: Multiple choices.Marked by Computer or a suitable formatOP2 (For Constructivism Approach only): Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:- Multiple choice: 20 questions. OP2 (For Constructivism Approach only):Follow lecturer's proposal
grading_guide: Option 1:- Integration of studied knowledge and skills of chapters assigned- Select from all covered chapters during the course. Option 2 (For Constructivism Approach only): Follow lecturer's proposal
note: Option 1:
in class, by instructor
Option 2 (For Constructivism Approach only): Follow lecturer's proposal
category: Final exam
type: Final exam
weight: 30.0
duration: 60'
question_type: LO1, LO2, LO3, LO4, LO5
no_question: Multiple choicesMarked by Computer
knowledge_and_skill: 50 multiple questions
grading_guide: All topics, knowledge, skills covered in the classes
note: by exam board,
using computer

Schedule:
session: Course Introduction
learning_outcomes: I
materials: IBF301
session: Chap 1: Globalization and Multinational Corporations
What’s Special about International Finance?
Goals for International Financial Management,
Globalization of the World Economy: Major Trends and Developments
Multinational Corporations
learning_outcomes: T
materials: IBF301
session: Chap 1: Globalization and Multinational Corporations
What’s Special about International Finance?
Goals for International Financial Management,
Globalization of the World Economy: Major Trends and Developments
Multinational Corporations
learning_outcomes: T
session: Chap 2: International Monetary System
Evolution of the International Monetary System
Bretton Woods System: 1945–1972
The Flexible Exchange Rate Regime: 1973–Present
The Current Exchange Rate Arrangements
European Monetary System
The Euro and the European Monetary Union
The Mexican Peso Crisis
The Asian Currency Crisis
The Argentine Peso Crisis
Fixed versus Flexible Exchange Rate Regimes
learning_outcomes: T
session: Chap 2: International Monetary System
Evolution of the International Monetary System
Bretton Woods System: 1945–1972
The Flexible Exchange Rate Regime: 1973–Present
The Current Exchange Rate Arrangements
European Monetary System
The Euro and the European Monetary Union
The Mexican Peso Crisis
The Asian Currency Crisis
The Argentine Peso Crisis
Fixed versus Flexible Exchange Rate Regimes
learning_outcomes: T
session: Tutorial: Chap 1 & 2
- Solve questions and problems;
- Case study discussion

Individual Assignment - Requirement release
learning_outcomes: U
session: Tutorial: Chap 1 & 2
- Solve questions and problems;
- Case study discussion

Individual Assignment - Requirement release
learning_outcomes: U
session: Chap 3: Balance of Payment
Balance-of-Payments Accounting
Balance-of-Payments Accounts
The Balance-of-Payments Identity
Balance-of-Payments Trends in Major Countries
learning_outcomes: T
session: Chap 3: Balance of Payment
Balance-of-Payments Accounting
Balance-of-Payments Accounts
The Balance-of-Payments Identity
Balance-of-Payments Trends in Major Countries
learning_outcomes: T
session: Chap 3: Balance of Payment (continue)
Balance-of-Payments Accounting
Balance-of-Payments Accounts
The Balance-of-Payments Identity
Balance-of-Payments Trends in Major Countries
learning_outcomes: T
session: Tutorial: Chap 3
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 3
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 3
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Review tutorial chapter 1,2,3
learning_outcomes: T
U
session: Chap 4: Corporate Governance Around the World
The Agency Problem
Remedies for the Agency Problem
Law and Corporate Governance
Consequences of Law
Corporate Governance Reform
session: Chap 4: Corporate Governance Around the World
The Agency Problem
Remedies for the Agency Problem
Law and Corporate Governance
Consequences of Law
Corporate Governance Reform
session: Chap 5: The Market for Foreign Exchange
Function and Structure of the FX Market
The Spot Market
The Forward Market

Practice: Case study discussion
learning_outcomes: TU
session: Chap 5: The Market for Foreign Exchange
Function and Structure of the FX Market
The Spot Market
The Forward Market

Practice: Case study discussion
learning_outcomes: TU
session: Chap 5: The Market for Foreign Exchange (continue)
Function and Structure of the FX Market
The Spot Market
The Forward Market

Practice: Case study discussion
learning_outcomes: TU
session: Tutorial: Chap 5
- Solve questions and problems;
- Case study discussion

Group Assignment - Requirement release
learning_outcomes: U
session: Tutorial: Chap 5
- Solve questions and problems;
- Case study discussion

Group Assignment - Requirement release
learning_outcomes: U
session: Tutorial: Chap 5
- Solve questions and problems;
- Case study discussion

Group Assignment - Requirement release
learning_outcomes: U
session: Chap 6: International Parity Relationships and Forecasting Foreign Exchange Rates
Interest Rate Parity
Purchasing Power Parity
Fisher Effects
Forecasting Exchange Rates

Practice: Case study discussion
learning_outcomes: TU
session: Chap 6: International Parity Relationships and Forecasting Foreign Exchange Rates
Interest Rate Parity
Purchasing Power Parity
Fisher Effects
Forecasting Exchange Rates

Practice: Case study discussion
learning_outcomes: TU
session: Tutorial: Chap 6
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 6
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 6
Quiz 1
learning_outcomes: U
session: Review Quiz 1
learning_outcomes: U
session: Chap 7: Futures and Options on Foreign Exchange
Futures Contracts: Some Preliminaries
Currency Futures Markets
Basic Currency Futures Relationships
Options Contracts: Some Preliminaries
Currency Options Markets
Currency Futures Options
Basic Option-Pricing Relationships at Expiration

Note: provide case study
learning_outcomes: T
session: Chap 7: Futures and Options on Foreign Exchange
Futures Contracts: Some Preliminaries
Currency Futures Markets
Basic Currency Futures Relationships
Options Contracts: Some Preliminaries
Currency Options Markets
Currency Futures Options
Basic Option-Pricing Relationships at Expiration

Note: provide case study
learning_outcomes: T
session: Chap 7: Futures and Options on Foreign Exchange (continue)
Futures Contracts: Some Preliminaries
Currency Futures Markets
Basic Currency Futures Relationships
Options Contracts: Some Preliminaries
Currency Options Markets
Currency Futures Options
Basic Option-Pricing Relationships at Expiration

Note: provide case study
learning_outcomes: T
session: Tutorial: Case study discussion
learning_outcomes: U
session: Tutorial: Case study discussion
learning_outcomes: U
session: Tutorial: Chap 7
- Solve questions and problems;
- Case study discussion

Individual Assignment Submission
learning_outcomes: U
session: Tutorial: Chap 7
- Solve questions and problems;
- Case study discussion

Individual Assignment Submission
learning_outcomes: U
session: Tutorial: Chap 7
- Solve questions and problems;
- Case study discussion

Individual Assignment Submission
learning_outcomes: U
session: Chap 8: Management of Transaction Exposure
Three types of Exposure
Forward Market Hedge
Option Market Hedge
Hedging Foreign Currency Payables
Corss-hedging Minor Currency Exposure
Hedging Contingent Exposure
Hedging recurrent with Swap contract
Should the firm Hedge?
What risk management products do firms use?

Note: provide case study
learning_outcomes: T
session: Chap 8: Management of Transaction Exposure
Three types of Exposure
Forward Market Hedge
Option Market Hedge
Hedging Foreign Currency Payables
Corss-hedging Minor Currency Exposure
Hedging Contingent Exposure
Hedging recurrent with Swap contract
Should the firm Hedge?
What risk management products do firms use?

Note: provide case study
learning_outcomes: T
session: Chap 8: Management of Transaction Exposure (continue)
Three types of Exposure
Forward Market Hedge
Option Market Hedge
Hedging Foreign Currency Payables
Corss-hedging Minor Currency Exposure
Hedging Contingent Exposure
Hedging recurrent with Swap contract
Should the firm Hedge?
What risk management products do firms use?

Note: provide case study
learning_outcomes: T
session: Tutorial: Chap 8
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 8
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 8
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Assignment - Guidance
learning_outcomes: U
session: Tutorial: Assignment (cont)/Review tutorial chapters
learning_outcomes: U
session: Chap 9: Management of Economic Exposure
How to Measure Economic Exposure
Operating Exposure: Definition
Illustration of Operating Exposure
Determinants of Operating Exposure
Managing Operating Exposure
learning_outcomes: T
session: Chap 9: Management of Economic Exposure
How to Measure Economic Exposure
Operating Exposure: Definition
Illustration of Operating Exposure
Determinants of Operating Exposure
Managing Operating Exposure
learning_outcomes: T
session: Tutorial: Chap 9
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 9
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Chap 10: Management of Translation Exposure
Translation Methods
Financial Accounting Standards Board Statement 8
Financial Accounting Standards Board Statement 52
Management of Translation Exposure
learning_outcomes: TU
session: Chap 10: Management of Translation Exposure
Translation Methods
Financial Accounting Standards Board Statement 8
Financial Accounting Standards Board Statement 52
Management of Translation Exposure
learning_outcomes: T
U
session: Tutorial: Chap 10
- Solve questions and problems;
- Case study discussion

Group Assignment Submission
learning_outcomes: U
session: Tutorial: Chap 10
- Solve questions and problems;
- Case study discussion

Group Assignment Submission
learning_outcomes: U
session: Tutorial: Course Revision
learning_outcomes: T
U
session: Tutorial: Course Revision (cont)
learning_outcomes: T
U
session: Quiz 2
learning_outcomes: U
session: Review Quiz 2
learning_outcomes: TU
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U