International investment (IIV301)
Vietnamese title: Đầu tư quốc tế
Credits: 3
Prerequisites: FIN202, IBF301

Description:
This course is a follow-up to FIN202 and IBF301, in which students touch on fundamental concepts of finance in general and corporate finance in particular. After the theoretical foundation established in FIN202 and IBF301, students now have chance to acquire indepth knowledge about Derivatives valuation and investment strategies.
Topics include: Futures and Forwards Valuation and Strategies, Option Valuation and Strategies, Swaps, Financial Risk Management.

Learning outcomes:
Gain the essential knowledge and expertise in managing financial risks within the context of international investments, along with an understanding of the tools available for mitigating such risks.
Effectively utilize comprehension of derivatives to tackle issues related to financial risks, specifically those encountered in international investments. This includes addressing challenges such as foreign exchange risk, interest rate risk, credit risk, and portfolio risks.
Make well-informed assessments regarding the utilization of derivative instruments, taking into account the specific requirements and considerations associated with international investments.
Recognize and evaluate the influence of significant advancements in the literature pertaining to derivatives, particularly in relation to their impact on the field of international investments.
Recognize and practice a commitment to professional ethical standard.
Display teamwork and conduct task both independently and collaboratively

Student tasks:
- Class attendance is strongly encouraged. Attend at least 80% of class hours in order to be accepted to the final examination
- Actively participate in class activities
- Fulfil tasks given by intructor after class
- Use their own laptop in class only for learning purpose
- Read the textbook in advance
- Access the course website (http://flm.fpt.edu.vn) for up-to-date information and material of the course, for online supports from teachers and other students and for practicing and assessment.

Tools:

Materials:
description: Derivatives Markets
author: McDonald R.L
publisher: Pearson
published_date: 2012
edition: 3rd
description: Introduction to Derivatives and Risk Management
author: Chance D.M. and Brooks R
publisher: Cengage Learning
published_date: 2012
edition: 10th

Assessments:
category: Class Participation
type: on-going
weight: 10.0
question_type: CLO1, CLO5,CLO6
note: Classroom
category: Essay Test
type: on-going
weight: 20.0
duration: 90 minutes
question_type: CLO1, CLO2, CLO3
no_question: Problem solving
knowledge_and_skill: Exercises (3-5 questions in 90 minutes)
grading_guide: Learned topics
note: Classroom
category: Individual assignment
type: on-going
weight: 15.0
question_type: CLO1, CLO2, CLO3, CLO4, CLO5, CLO6
no_question: Case study: Discuss an example of using one type of Derivatives for Risk management
grading_guide: Applied theory
note: Take-home
category: Midterm Test
type: on-going
weight: 15.0
duration: 60 minutes
question_type: CLO1, CLO2, CLO3
no_question: Multiple choice questions - 40%: Exercises/Essay questions - 60%
knowledge_and_skill: 25 mins: At least 15 multiple choice questions
1-2 exercises/Essay questions
grading_guide: Cover Part 1 + Part 2
note: Classroom
category: Progress test
type: on-going
weight: 10.0
duration: 30 minutes
question_type: CLO1, CLO2, CLO3
no_question: Multiple choice questions and or small exercises
knowledge_and_skill: At least 20 questions if only MC
grading_guide: Cover Part 1
note: Classroom
category: Final exam
type: Final exam
weight: 30.0
duration: 60 minutes
question_type: CLO1, CLO2, CLO3
no_question: Multiple choices
Marked by Computer
knowledge_and_skill: Multiple choice (50 questions)
note: by exam board,
using computer

Schedule:
session: Part 0: INTRODUCTION
Chapter 1: Introduction
1.1. What is a Derivative?
Importance of derivatives markets
1.2. Importance of derivatives markets
1.3 Uses of derivatives
1.4. Buying and Short-selling Financial Assets
learning_outcomes: IT
materials: IIV301_1
session: Part 0: INTRODUCTION
Chapter 1: Introduction
1.1. What is a Derivative?
Importance of derivatives markets
1.2. Importance of derivatives markets
1.3 Uses of derivatives
1.4. Buying and Short-selling Financial Assets

HAND-OUT INDIVIDUAL ASSIGNMENT AND PROVIDE INSTRUCTION
learning_outcomes: I
T
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: I
T
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: I
T
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: I
T
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: I
T
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: I
T
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: T
U
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: T
U
session: Part 1: FORWARDS AND FUTURES
Chapter 2: Forward contract
Chapter 5: Financial Forward and Futures
5.1. Alternative way to buy a stock
5.2. Prepaid Forward Contracts on Stock
5.3 Forward Contracts on Stock
5.4 Futures Contracts
5.5 Uses of Index Future
5.6 Currency Contract
5.7. Uses of Eurodollar Future
learning_outcomes: T
U
session: Part 2: SWAPS
8.1. Swaps
8.2. Swaps rate, commodity swaps
8.3. Interest rate swaps
8.4. Currency Swaps
8.5. Swaptions
learning_outcomes: I
T
session: Part 2: SWAPS
8.1. Swaps
8.2. Swaps rate, commodity swaps
8.3. Interest rate swaps
8.4. Currency Swaps
8.5. Swaptions
learning_outcomes: I
T
session: Part 2: SWAPS
8.1. Swaps
8.2. Swaps rate, commodity swaps
8.3. Interest rate swaps
8.4. Currency Swaps
8.5. Swaptions
learning_outcomes: I
T
session: Part 2: SWAPS
8.1. Swaps
8.2. Swaps rate, commodity swaps
8.3. Interest rate swaps
8.4. Currency Swaps
8.5. Swaptions
learning_outcomes: I
T
session: Part 2: SWAPS
8.1. Swaps
8.2. Swaps rate, commodity swaps
8.3. Interest rate swaps
8.4. Currency Swaps
8.5. Swaptions
learning_outcomes: T
U
session: Part 2: SWAPS
8.1. Swaps
8.2. Swaps rate, commodity swaps
8.3. Interest rate swaps
8.4. Currency Swaps
8.5. Swaptions
learning_outcomes: T
U
session: REVISION OF PART 0, 1, 2
learning_outcomes: T
U
session: REVISION OF PART 0, 1, 2
learning_outcomes: T
U
session: REVISION OF PART 0, 1, 2
learning_outcomes: T
U
session: Progress test: Chapter 1, 2, 5, 8
learning_outcomes: U
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: T
U
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: T
U
session: Part 3: OPTIONS
Chapter 2: Call options/Put options
Chapter 9: Parity and other Option relationships
9.1. Put-Call Parity
9.2. Generalized Parity and Exchange Options
9.3. Comparing Options with Respect to Style, Maturity, and Strike
learning_outcomes: T
U
session: Part 3: OPTIONS
Chapter 10: Binomial Option Pricing
10.1. A One-Period Binomial Model Tree
10.2. Two or More Binomial Periods
10.3. Put Options
10.4. Options on other assets
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 10: Binomial Option Pricing
10.1. A One-Period Binomial Model Tree
10.2. Two or More Binomial Periods
10.3. Put Options
10.4. Options on other assets
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 10: Binomial Option Pricing
10.1. A One-Period Binomial Model Tree
10.2. Two or More Binomial Periods
10.3. Put Options
10.4. Options on other assets
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 10: Binomial Option Pricing
10.1. A One-Period Binomial Model Tree
10.2. Two or More Binomial Periods
10.3. Put Options
10.4. Options on other assets
learning_outcomes: I
T
session: Part 3: OPTIONS
Chapter 10: Binomial Option Pricing
10.1. A One-Period Binomial Model Tree
10.2. Two or More Binomial Periods
10.3. Put Options
10.4. Options on other assets
learning_outcomes: T
U
session: Part 3: OPTIONS
Chapter 10: Binomial Option Pricing
10.1. A One-Period Binomial Model Tree
10.2. Two or More Binomial Periods
10.3. Put Options
10.4. Options on other assets
learning_outcomes: T
U
session: REVISION OF PART 3
learning_outcomes: T
U
session: REVISION OF PART 3
learning_outcomes: T
U
session: Mid term Test
learning_outcomes: U
session: Mid term Test
learning_outcomes: U
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 3: Insurance, Collars, and Other Strategies
3.1. Basic Insurance Strategies
3.2. Synthetic Forwards
3.3. Spreads and Collars
3.4. Speculating on Volatility
learning_outcomes: I
T
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 3: Insurance, Collars, and Other Strategies
3.1. Basic Insurance Strategies
3.2. Synthetic Forwards
3.3. Spreads and Collars
3.4. Speculating on Volatility
learning_outcomes: I
T
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 3: Insurance, Collars, and Other Strategies
3.1. Basic Insurance Strategies
3.2. Synthetic Forwards
3.3. Spreads and Collars
3.4. Speculating on Volatility
learning_outcomes: I
T
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 3: Insurance, Collars, and Other Strategies
3.1. Basic Insurance Strategies
3.2. Synthetic Forwards
3.3. Spreads and Collars
3.4. Speculating on Volatility
learning_outcomes: T
U
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 3: Insurance, Collars, and Other Strategies
3.1. Basic Insurance Strategies
3.2. Synthetic Forwards
3.3. Spreads and Collars
3.4. Speculating on Volatility
learning_outcomes: T
U
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 3: Insurance, Collars, and Other Strategies
3.1. Basic Insurance Strategies
3.2. Synthetic Forwards
3.3. Spreads and Collars
3.4. Speculating on Volatility
learning_outcomes: T
U
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 4: Introduction to Risk Management
4.1. Basis Risk Management: The Producer's Perspective
4.2. Basis Risk Management: The Buyer's Perspective
4.3. Why do Firms Manage Risk?
4.4. Golddiggers Revisited
4.5. Selecting the Hedge ratio
learning_outcomes: I
T
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 4: Introduction to Risk Management
4.1. Basis Risk Management: The Producer's Perspective
4.2. Basis Risk Management: The Buyer's Perspective
4.3. Why do Firms Manage Risk?
4.4. Golddiggers Revisited
4.5. Selecting the Hedge ratio
learning_outcomes: I
T
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 4: Introduction to Risk Management
4.1. Basis Risk Management: The Producer's Perspective
4.2. Basis Risk Management: The Buyer's Perspective
4.3. Why do Firms Manage Risk?
4.4. Golddiggers Revisited
4.5. Selecting the Hedge ratio
learning_outcomes: I
T
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 4: Introduction to Risk Management
4.1. Basis Risk Management: The Producer's Perspective
4.2. Basis Risk Management: The Buyer's Perspective
4.3. Why do Firms Manage Risk?
4.4. Golddiggers Revisited
4.5. Selecting the Hedge ratio
learning_outcomes: T
U
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 4: Introduction to Risk Management
4.1. Basis Risk Management: The Producer's Perspective
4.2. Basis Risk Management: The Buyer's Perspective
4.3. Why do Firms Manage Risk?
4.4. Golddiggers Revisited
4.5. Selecting the Hedge ratio
learning_outcomes: T
U
session: Part 4: APPLICATIONS OF FUTURES AND OPTIONS
Chapter 4: Introduction to Risk Management
4.1. Basis Risk Management: The Producer's Perspective
4.2. Basis Risk Management: The Buyer's Perspective
4.3. Why do Firms Manage Risk?
4.4. Golddiggers Revisited
4.5. Selecting the Hedge ratio
learning_outcomes: T
U
session: REVISION OF PART 4
learning_outcomes: T
U
session: REVISION OF PART 4
learning_outcomes: T
U
session: REVISION OF PART 4
learning_outcomes: T
U
session: REVISION OF PART 4
learning_outcomes: T
U
session: Essay Test
learning_outcomes: U
session: Essay Test
learning_outcomes: U
session: Essay Test
learning_outcomes: U
session: Indivudual Assignment Submission
learning_outcomes: T
U
session: Course revision
learning_outcomes: T
U
session: Course revision
learning_outcomes: T
U