International Finance

Module Title: International Finance
Module Handbook 2020/21
Module Code: BMG704(86968)
Course/s: MSc International Business
Department of Global Business and Enterprise
Ulster University Business School

Philiph Pryce
Module Coordinator
Email:	[email protected]
Office Hours:	Online via email

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Table of Contents
Welcome………………………………………………………………………………………………………………………3
1. Module Overview and Communication………………………………………………………………………4
2. Aim & Learning Outcomes ……………………………………………………………………………………….5
3. Assessment and Feedback ……………………………………………………………………………………….6
Coursework 1………………………………………………………………………………………………………… 6
Coursework 2………………………………………………………………………………………………………… 7
Standard Assessment Guidance ………………………………………………………………………………… 9
Coursework 1 & 2 Assessment Rubric / Marking Proforma……………………………………………. 10
4. Learning Resources………………………………………………………………………………………………. 11
Library’s Support Services ………………………………………………………………………………………. 12
Blackboard Learn Student Orientation Course ……………………………………………………………. 12
5. Organisation and Management ……………………………………………………………………………… 13
6. Learning and Teaching Methods …………………………………………………………………………….. 13
Teaching and Learning Plan ……………………………………………………………………………………. 15
7. Student Voice & Support Services…………………………………………………………………………… 29
UUSU Advice Bureau Service …………………………………………………………………………………… 29
UU Student Wellbeing Service …………………………………………………………………………………. 30
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Welcome
Welcome,
This module provides students with an introduction to financial management theory and techniques
required for entrepreneurship and managerial decision making within an international business
context.
Kind regards,
Module Coordinator
May 2021
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1. Module Overview and Communication

Module Details
Module Title	International Finance
Module Code	BMG704	Module Level	7
Credit points	15-60	Module Status	Core
Semesters	1	Location	London/Birmingham
E-learning	Online/Blended
Contact Details and Communication Methods
Module Coordinator	Philiph Pryce (See cover sheet for contact details)
Teaching Staff Contact Details	Philiph Pryce ([email protected]) Emanuel Musa ([email protected]) Muhammad Ateeb ([email protected]) Chau Duong ([email protected]) Bibi Ozen ([email protected]) Ovinda Wijeyaratne [email protected] Julius Ejechi ([email protected]) Muhammad Khurram-Butt [email protected] Kathirithamby Sivanandan [email protected] Virtual Office Hours: by email
General Information, Queries and Consultations	If you require advice or guidance on any aspect of the module, please read the guidance provided here, in the Module Handbook. For ‘General Queries’, please utilise the class Discussion Board. For specific queries or studies advice, you can avail of the ‘Virtual Office Hours’. Contact any member of the teaching team by email to arrange a suitable appointment. Please note, we aim to respond to all queries within 24 hours.
Module Announcements	Key announcements will be presented during tutor-led activities. Out of class communication including notifications, reminders, etc will be distributed via the Blackboard Announcement tool. You will receive a duplication of the announcement direct to your student email inbox. It also advisable that you download the ‘Blackboard’ App as an alternative to access these announcements, notifications, reminders as well as content.

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2. Aim & Learning Outcomes
Module Rationale
Businesses now operate in a highly globalised and competitive market where
access to, and control of, finances are necessary for survival. This module
focuses on the international financial management techniques essential
throughout the business life cycle. The module provides a broad overview of
international financial management theory and practices which are imperative to
creating and sustaining a successful international business venture. The module
probes the financial landscape in which modern day international businesses
operate.
Overall Aim of the Module
The module provides students with and introduction to financial management theory
and techniques required for entrepreneurship and managerial decision-making within
an international business context.
Learning Outcomes
Successful participants will be able to:

	Learning Outcome 1
Demonstrate a comprehensive knowledge and critical appreciation of the key concepts and topical issues of International Finance. Learning Outcome 2	

Act autonomously in the analysis of new and/or abstract data using a range of
techniques appropriate to the discipline of International Finance, synthesising evidence
and critically evaluating complex problems in International Finance.
 Learning Outcome 3
Be proactive in leadership, work effectively within a team or group as appropriate, make
and sustain arguments/alternative points of view related to the discipline of International
Finance.

	Learning Outcome 4
Demonstrate confidence and flexibility in critically evaluating complex problems and the

application of appropriate knowledge, tools or methods to their solutions in the context of
International Finance. Be confident in the application of their own judgement.

What you should be able to do by the end of this module.

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3. Assessment and Feedback

This module will be assessed via two items of assessment
Assessment Type	Weighting (%)
Coursework 1	Preparation/submission of an individual report. Week 9	60%
Coursework 2	Online tests comprising up to 40 questions. Week 13	40%

Coursework 1
Assessment Task
You are required to prepare/submit an individual report discussing the following:
Choose a Multinational Enterprise (MNE) listed on an internationally
recognised Stock Exchange (including for example, London, Dublin, New York or Paris).
You are required to:
a. Critically discuss two recent developments in the international financial environment
which appear to have impacted on your chosen company’s recent performance and
development. Analyse how these two developments are likely to impact on the
company in the near future. (14 marks)
b. Discuss the following key elements of the MNE’s international financial and/or risk
management strategy (and how they appear to have affected the financial
performance of your chosen company):

	Sources of finance
	Dividend policy	(14 marks)

c. With reference to your chosen Multinational Enterprise (and using the most recent
annual report published), analyse the financial performance (in terms of profitability,
liquidity, efficiency and investment) of the company in the two most recent
consecutive financial periods (e.g. 2018/19 or 2019/20, ) using 8 different accounting
ratios (prior year comparative figures will be available in the annual report).
(32 marks)
Notes:

(i)	You must advise your tutor of your chosen multinational enterprise to ensure suitability for use and avoid duplication;

What you need to do to demonstrate achievement of learning.

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(ii) It is advisable to choose your multinational enterprise and download the most
recent annual report by the end of week 1 – this will facilitate your preparation and
allow you to effectively participate in weekly class activities;
Assessment Guidelines
1) The assignment may take the form of an individual written word-processed briefing report of
not more than 2500 words, including title page, contents page, in-text references and citations,
but excluding tables, reference list and appendices.
2) Detailed guidance will be given in the tutorials in weeks 1 and 6 to explore the factors for your
chosen case study and provide advice on the use of mediums/technologies for this assessment
exercise.
3) This element of coursework accounts for 60% of the overall assessment. Students should refer
to the marking criteria attached to provide them with fuller details of marking criteri a for each
classification band.
4) Completed assignments must be submitted via Turnitin by 12.00 noon on Sunday of week 9 in
semester 1. This date and time is final, and a late submission will be penalised by the
deduction of marks.
5) All submitted assignments should have the file name:
BMG704 (86968) Student B00xxxxxx
6) View additional ‘Standard Assessment Guidance,’ for further guidance applicable to all
coursework elements.
Coursework 1 FEEDBACK
Feedback on the assessment will be provided via Blackboard within three weeks of the submission
date.
Coursework 2
Online activities will comprise of 40 questions which students are required to answer.
ENTER THE ASSESSMENT TASK HERE
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Assessment Guidelines
1) The online tests will comprise a series of up to 40 multiple choice questions on the following
topics – Financial Statements/Ratio analysis/EMH/CAPM/Cost of Capital/Capital
Structure/Investment Appraisal/Foreign Currency Risk Management.
2) The questions take a variety of formats, including: calculations (calculator is required),
true/false statements; yes/no answers and/or other short answers. The online assessment is
broken down into 3 different online quizzes, each of differing question contents and time
allocations. Time allocation is up to 3 minutes per question.
3) Detailed guidance will be given in the tutorials in weeks 1 to 12 to explore the course
concepts/ideas and topics for each online quiz.
4) This element of coursework accounts for 40% of the overall assessment. Students should refer
to the marking criteria attached to provide them with fuller details of marking criteria for each
classification band.
5) Completed assignments must be submitted via Blackboard Learn by 12.00 midnight in week 12,
of Semester. This date and time is final, and a late submission will be penalised by the
deduction of marks.
6) View additional ‘Standard Assessment Guidance,’ for further guidance applicable to all
coursework elements.
Coursework 2 FEEDBACK
Feedback on the assessment will be provided via Blackboard within three weeks of the submission
date).
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Standard Assessment Guidance
The following guidance is applicable to all coursework items.
1) Marks are awarded for content, quality of discussion and effective use of referencing where
appropriate. To achieve high marks, students will be expected to demonstrate a familiarity with
the wider literature in the subject area, and not merely an ability to re -produce the lecture
notes. Higher marks will also be awarded to students who provide strong evidence of analysis
and critical evaluation of the various concepts and techniques identified and their application to
real world situations.
2) Written work should include references to journal articles and other relevant publications, and
should be properly laid out using the Harvard system of referencing as indicated below:
Buzzell R., (1968) ‘Can you standardise multinational marketing’, Harvard Business Review,
(Nov-Dec) 46, pp102-113.
Jeannet J.P. and Hennessey H.D., (2004) Global Marketing Strategies. 6th ed. Houghton Mifflin.
More detailed guidance is available in the ‘Guide to Referencing in the Harvard Style’. We
encourage you to avail of the Academic Support via the Library’s Support Service , further details
in the Library Support Services Section.
3) Marks will be deducted for incomplete or inaccurate referencing.
4) Students may make multiple submissions in advance of the due date to
receive feedback via Turnitin on their academic writing style (similarity
score) and any potential plagiarism issues. A similarity score of less than
20% is acceptable.
5) Students must adhere to the word limit policy so as to avoid penalties
as follows:
+10% – no penalty
+>10% – 20% – 5% penalty
+>20% – 30% – 10% penalty
+>30% – 40% – 15% penalty
+>40% – 50% – 20% penalty
+>50% – maximum mark of 40
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Coursework 1 & 2 Assessment Rubric / Marking Proforma
To aid student understanding, the rubric/marking proforma applies in the module as follows:

Command word	Question type
Explain Calculate Construct	Candidates must be able to provide definitions, explanations and application of key business terms in the specifications giving examples from the case study, if appropriate. Candidates must be able to undertake calculations, manipulate financial data and interpret, apply to case study and analyse information in written, graphical and numerical forms within the case study. Candidates must be able to prepare/draft charts, diagrams or other pictorial aids as required if appropriate.
Analyse/Discuss	Candidates must be able to interpret, apply, and analyse and evaluate information from written, graphical and numerical forms.
Evaluate	Candidates must be able to interpret, apply, analyse and evaluate information from written, graphical and numerical forms.

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4. Learning Resources

Reading List

Books Required (Must read)

Bekaert, G. J., & Hodrick, R.J., (2014), International Financial Management, 2nd Ed., Pearson, London. ISBN-10: 129202139X (also available as e-book) Jacque, L. (2014) International corporate finance. London: Wiley. ISBN 1-118-78186-4 (also available as e-book) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th ed., London: Cengage. ISBN 1-408-07989-5 (also available as e-book)

Books Recommended (Should read/ Could read)

Alexander, D. Britton, A., et al., (2017) International financial reporting and analysis. 7th ed. London: Cengage. ISBN 978-1-473-72545-4 Alexander, D., and Nobes, C. (2016), Financial accounting –an international introduction. 6th edition. Harlow: Pearson Education. ISBN 978-1-299283-46-6 (also available as e book) Atrill, P., & Mc Laney E. (2017) Accounting and finance for non-specialists. 10th Edition. Harlow: FT Prentice Hall. ISBN 9781292135601 (also available as e-book) Bender, R. (2013) Corporate financial strategy, 4th ed. London: Routledge. ISBN 0-415- 64041-5 (also available as e-book) Eiteman, D.K., et al., (2016), Multinational Business Finance, 14th Ed., Pearson, London, ISBN-10: 1292097876 Hill, C. W. L. (2017) International business. 11th ed. New York: Pearson. ISBN 9781260084153 Pilbeam, K. (2013) International finance. 4th ed. Basingstoke: Palgrave Macmillan. ISBN 978-1-137116-37-6. Ward, A. M. (2014) Finance: theory and practice. 3rd ed. Dublin: Chartered Accountants Ireland. ISBN 978-1-908199-48-5 Watson, D. & Head, A. (2016) Corporate finance 7th ed. New York: Pearson. (also available as e-book)

Useful Journals

International Business Review Journal of International Business Studies (12 month full-text embargo) Journal of World Business Harvard Business Review International Small Business Journal

Useful Library Databases & Websites

Nexis (for news, business & company information) LexisLibrary (for legal/regulatory, accounting and taxation) Business Week (www.businessweek.com ) Financial Times (www.ft.com ) International Monetary Fund www.imf.org/ International Financial Reporting Standards www.ifrs.org/

I know reading intrudes on your social life, but reading is a major part of your degree.

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QA Library’s Support Services
QA Library website.
QA’s library website is a great place to start your research. This site brings together the resources
provided by Ulster University library and the resources provided by QAHE library. Everything you
need is in one place!

	The Ulster University page includes links to databases, ebook collections, open access sources, referencing, and much more. The Homepage contains information on research skills, extracting information from textbooks and accessible learning recommendations. The contact us page contains a live chat box so you can ask questions and receive



immediate answers from a librarian. You can also book one-to-one sessions or join the
regular ‘online hangout with a librarian’. There are lots of ways to ask for help with your
research!
SCONUL
Ulster University is part of the SCONUL network. This allows students to visit other university
libraries and use their books. If you’d like to do this, contact QA Library and we will arrange SCONUL
membership for you.
Studiosity
Ulster University subscribes to Studiosity, which enables students to receive feedback on draft
assignments. Simply upload your draft, select the type of feedback you want (eg grammar,
referencing etc), and submit. Feedback will be provided within 24 hours.
Library’s Support Services
In collaboration with teaching staff, your Business Librarian will be delivering timetabled workshops
to ensure you are able to make the best use of the Library’s services and information resources in
successfully completing your coursework. Furthermore, if you need specific help with an
assignment or dissertation then you can make an appointment to meet with your
Business Librarian by email, phone or through using the appointments schedule.
Online support is also available through the Library’s subject pages for Business and
Management and these provide help in developing your information and
research skills through literature searching , academic writing support and
referencing.
Blackboard Learn Student Orientation Course
It is highly recommended that you complete the above online course to get familiar with Ulster’s
Virtual Learning Platform, Blackboard Learn. The course is accessible from your ‘Course List’ in your
Blackboard Area.
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5. Organisation and Management
International Finance, is a 20-credit point module, this requires 200 hours of your
commitment, distributed through the following learning and teaching activities over
the 15-week semester:

Activity	Duration	Total Hours
Multi-Media Lecture & Class Activities	1.5 hour	18
Online Tutorial	1.5 hour	18
Independent Study – Assigned reading and note-taking	5 hours	60
Independent Study – Assessment Activities & Tutorial Preparation	8.5 hours	104
TOTAL	200

6. Learning and Teaching Methods
The module is delivered fully online and will be facilitated through the
provision of the following learning and teaching activities:

	Lectures one hour and thirty minutes utilising live WebEx sessions and
recorded session videos will be sent to you after the lecture.
	Seminar: one hour and thirty minutes via WebEx including individual/
groupwork activities
	Discussion Board: These will be utilised to continue in-class
discussions and/or discussion of new set topics. Blackboard Learn, Discussion Board Tool will be
utilised.
	Online Resources: These will be an integral part of the delivery. See the library reading list

below which is also accessible via Blackboard Learn. You will be directed to academic,
professional and open content resources to extend your knowledge, understanding and
application.

These are the types of learning activities that will make up your weekly timetable.

These are the type of learning activities you will experience in this module.

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 Independent Study: Utilise this time to prepare for tutorials/seminars and research your
assessment tasks.
 Electronic Assessment: TurnItIn Feedback Studio and/or Blackboard Learn Assessments will
enable assessment information submission and feedback delivery.
Blackboard Learning Support
If you require help or support with any of the digital learning tools, please view
Ulster’s Blackboard Student Support area.
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Teaching and Learning Plan
Week / L&T Methods / Topic Title	Curriculum Content	Independent/Directed Study, includes: Required Reading, Tutorial preparation, and/or Assessment Preparation
Wk 1 Lecture Lecture Title – Introduction to the Global Financial Environment	Learning Objectives:  Understand the nature of the financial environment and international influences  Understand key aspects of the financial statements and position of a MNE  Consider key issues in report writing Content: Module Welcome: Introductions and Student Voice – Expectations of the module Overview of Module Handbook Overview of the Blackboard Area  nature of the financial environment and international influences  key aspects of the financial statements and position of a MNE  key issues in report writing	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 19-50) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-11)

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Wk 1 Tutorial	Tutorial Topic/Task:  Understand the nature of the financial environment and international influences  Understand key aspects of the financial statements and position of a MNE  Consider key issues in report writing Content: Module Welcome: Introductions and Student Voice – Expectations of the module Overview of Module Handbook Overview of the Blackboard Area  nature of the financial environment and international influences  key aspects of the financial statements and position of a MNE  key issues in report writing	Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 19-50) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-11) Student User Guide – Blackboard Learn
Wk 2 Lecture – Analysis of MNE’s Financial Position in a Global Context	Learning Objectives:  Understand the nature of financial decisions and the decision making process  Understand the international issues affecting international corporate finance  Explain key aspects of the financial position of a multinational enterprise	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 19-50) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-11)

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using financial statements and ratio analysis Content:  nature of financial decisions and the decision making process  international issues affecting international corporate finance  key aspects of the financial position of a multinational enterprise using financial statements and ratio analysis
Wk 2 Tutorial	Tutorial Topic/Task:  Understand the nature of financial decisions and the decision making process  Understand the international issues affecting international corporate finance  Explain key aspects of the financial position of a multinational enterprise using financial statements and ratio analysis Content:  nature of financial decisions and the decision making process  international issues affecting international corporate finance	Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 19-50) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 2-11) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-11)

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 key aspects of the financial position of a multinational enterprise using financial statements and ratio analysis
Wk 3 Lecture – Financial Decision Making and International Issues	Learning Objectives:  Understand the importance of financial decision making; analyse and evaluate the financial position of a multinational enterprise using ratio analysis  Appreciate the nature of wealth maximisation  Analyse the international issues affecting multinational financing Content:  financial decision making; analyse and evaluate the financial position of a multinational enterprise using ratio analysis  nature of wealth maximisation  international issues affecting multinational financing	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 497-540; pp. 641-660) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 2; pp. 12- 22) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 12-18) Ward, A.M., (2014), Finance: Theory and Practice, 2nd Ed., CAI, Ireland (Chap 3; pp. 55 – 97) Session notes/powerpoints as appropriate.

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Wk 3 Tutorial	Tutorial Topic/Task:  Understand the importance of financial decision making; analyse and evaluate the financial position of a multinational enterprise using ratio analysis  Appreciate the nature of wealth maximisation  Analyse the international issues affecting multinational financing Content:  financial decision making; analyse and evaluate the financial position of a multinational enterprise using ratio analysis  nature of wealth maximisation  international issues affecting multinational financing	Reading Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 497-540; pp. 641-660) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 2; pp. 12-22) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 12-18) Ward, A.M., (2014), Finance: Theory and Practice, 2nd Ed., CAI, Ireland (Chap 3; pp. 55 – 97) Session notes/powerpoints as appropriate.
Wk 4 Lecture – Dividend Decision	Learning Objectives:  Appreciate the importance of the dividend decision  Understand the impact of dividend policy Content:  the dividend decision  the impact of dividend policy	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 21; pp. 519- 532) Session notes/powerpoints & supporting learning materials/articles (as appropriate).

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Wk 4 Tutorial	Tutorial Topic/Task:  Appreciate the importance of the dividend decision  Understand the impact of dividend policy Content:  the dividend decision  the impact of dividend policy	Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 21; pp. 519- 532) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 5 Lecture – Capital Structure	Learning Objectives:  Understand the significance of an optimal capital structure  Appreciate the issues affecting capital structure in a complex world Content:  capital structure  issues affecting capital structure in a complex world	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 18-19; pp. 428-485) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 8, pp. 285-286; Chap 12; pp. 365-366) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 5 Tutorial	Tutorial Topic/Task:  Understand the significance of an optimal capital structure  Appreciate the issues affecting capital structure in a complex world Content:  capital structure  issues affecting capital structure in a complex world	Reading: Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 18-19; pp. 428-485) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 8, pp. 285-286; Chap 12; pp. 365-366) Session notes/powerpoints & supporting learning materials/articles (as appropriate).

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Wk 6 Lecture – Cost of Capital	Learning Objectives:  Understand the nature of the financing decision in context of global equity markets  Understand the concept of an international cost of capital and expected return  Understand the issues related to sourcing equity globally  Understand the nature of capital market structure Content:  the financing decision in context of global equity markets  cost of capital and expected return  sourcing equity globally  nature of capital market structure	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 369-413) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 16; pp. 372- 408) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 9; pp. 274-286; Chap 12; pp. 364) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 6 Tutorial	Tutorial Topic/Task:  Understand the nature of the financing decision in context of global equity markets  Understand the concept of an international cost of capital and expected return  Understand the issues related to sourcing equity globally  Understand the nature of capital market structure Content:  financing decision in context of global equity markets  cost of capital and expected return  sourcing equity globally	Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 369-413) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5(Chap 16; pp. 372- 408) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 9; pp. 274-286; Chap 12; pp. 364) Session notes/powerpoints & supporting learning materials/articles (as appropriate).

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 nature of capital market structure
Wk 7 Lecture – Risk – Portfolio Theory and Capital Asset Pricing Model (CAPM)	Learning Objectives:  Understand the concept of portfolio theory  Understand the use of the CAPM in an international context  Consider the issues related to managing multinational risk in a global environment Content:  portfolio theory  CAPM in an international context  multinational risk in a global environment	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 447-490) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps10-11; pp. 196-245; Chap 12; pp. 248-277) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 7 Tutorial	Tutorial Topic/Task:  Understand the concept of portfolio theory  Understand the use of the CAPM in an international context  Consider the issues related to managing multinational risk in a global environment Content:  portfolio theory  CAPM in an international context  multinational risk in a global environment	Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 447-490) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps10-11; pp. 196-245; Chap 12; pp. 248-277) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 8 Lecture – Financial Markets: Efficient Markets Hypothesis (EMH)	Learning Objectives:  Understand the concept of market efficiency and EMH  Understand the nature of the global capital market and financial system.	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading:

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 Understand the concept of financial intermediation Content:  EMH  global capital market and financial system.  financial intermediation	Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 15; pp. 348- 371) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 8; pp. 235-259; Chap 12; pp. 356-363) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 8 Tutorial	Learning Objectives:  Understand the concept of market efficiency and EMH  Understand the nature of the global capital market and financial system.  Understand the concept of financial intermediation Content:  EMH  global capital market and financial system.  financial intermediation	Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 15; pp. 348- 371) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 8; pp. 235-259; Chap 12; pp. 356-363) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 9 Lecture – Investment Appraisal and International Considerations	Learning Objectives:  Understand the methods of investment appraisal and potential application to multinational enterprises  Discuss the potential for investment by multinationals and factors influencing the investment decision in a global context  Consider the use of multinational investment appraisal as a FDI strategy	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 543-570) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 3-6 ; pp. 28-119) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 20; pp. 551-591) Session notes/powerpoints & supporting learning materials/articles (as appropriate).

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Content:  investment appraisal and potential application to multinational enterprises  factors influencing the investment decision in a global context  multinational investment appraisal as a FDI strategy
Wk 9 Tutorial	Tutorial Topic/Task:  Understand the methods of investment appraisal and potential application to multinational enterprises  Discuss the potential for investment by multinationals and factors influencing the investment decision in a global context  Consider the use of multinational investment appraisal as a FDI strategy Content:  investment appraisal and potential application to multinational enterprises  factors influencing the investment decision in a global context  multinational investment appraisal as a FDI strategy	Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 543-570) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chaps 3-6 ; pp. 28-119) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 20; pp. 551-591) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
DEADLINE DATE: 23:59 hrs, Sunday of Week 9	ASSESSMENT SUBMISSION	DUE by 23:59 hrs, Sunday of Week 9.

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Wk 10 Lecture – Introduction to International Financial Markets and Foreign Currency Management	Learning Objectives:  Understand the key principles of exchange rate determination  Understand the case for foreign exchange risk management  Consider use of exchange rate forecasting  Understand key issues in managing transaction, translation and economic exposure  Understand the key tools used to manage currency risk such as Futures, Swaps and Options. Content:  principles of exchange rate determination  foreign exchange risk management  exchange rate forecasting  managing transaction, translation and economic exposure  manage currency risk	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 147-185; 187-218; pp. 219-250; pp. 259-290) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 22; pp. 536- 552; Chap 23; pp. 553-578) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 2; pp. 23-49; Chap 3; pp. 63-90; Chap 7; pp. 185-226; Chap 16; pp. 438-467; Chap 17; pp. 477-492; Chap 18; pp. 507-520); Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 10 Tutorial	Tutorial Topic/Task:  Understand the key principles of exchange rate determination  Understand the case for foreign exchange risk management  Consider use of exchange rate forecasting	Bekaert, G. J., & Hodrick, R.J., (2016), International Financial Management, 2nd Ed. (pp. 147-185; 187-218; pp. 219-250; pp. 259-290) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 22; pp. 536- 552; Chap 23; pp. 553-578) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 2; pp. 23-49; Chap 3; pp. 63-90; Chap 7; pp. 185-226; Chap 16; pp. 438-467; Chap 17;

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 Understand key issues in managing transaction, translation and economic exposure  Understand the key tools used to manage currency risk such as Futures, Swaps and Options. Content:  principles of exchange rate determination  foreign exchange risk management  exchange rate forecasting  managing transaction, translation and economic exposure  manage currency risk	pp. 477-492; Chap 18; pp. 507-520); Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 11 Lecture – Current Issues in Financial Management	Learning Objectives:  Review the significance of key course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises Consider current issues in international finance affecting multinational enterprises Content:  course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises  current issues in international finance affecting multinational enterprises	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 ) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18) Session notes/powerpoints & supporting learning materials/articles (as appropriate).

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Wk 11 Tutorial	Tutorial Topic/Task:  Review the significance of key course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises Consider current issues in international finance affecting multinational enterprises Content:  course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises  current issues in international finance affecting multinational enterprises	Reading: Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 ) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
Wk 12 Lecture -Revision	Learning Objectives:  Review the significance of key course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises Consider current issues in international finance affecting multinational enterprises Content:  course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises	Independent Study 11 Hours Directed Learning Activities 3 Hours Reading: Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 ) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18) Session notes/powerpoints & supporting learning materials/articles (as appropriate).

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Students will be expected to engage in all prescribed activities that contribute towards final assessment.

 current issues in international finance affecting multinational enterprises
Wk 12 Tutorial	Tutorial Topic/Task:  Review the significance of key course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises Consider current issues in international finance affecting multinational enterprises Content:  course ideas, concepts and aspects of professional practice in international finance to support multinational enterprises  current issues in international finance affecting multinational enterprises	Reading: Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th Ed., Cengage. London. ISBN 1-408-07989-5 (Chap 1; pp. 12 ) Jacque, L., (2014), International Corporate Finance. 1st Ed., Wiley. London. ISBN 1-118-78186-4 (Chap 1; pp. 1-18) Session notes/powerpoints & supporting learning materials/articles (as appropriate).
23:59 hrs, Wednesday of Week 13	ONLINE TESTS – SUBMISSION DUE by 23:59 hrs on Wednesday of week 13.

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Student Voice & Support Services
As a course team, we incorporate the
key partnership principles set out in the joint UU & UUSU Student Voice Guidelines and proactively engage with the democratic election of UUSU academic
student reps (Faculty Reps, School/Dept Reps & Course Reps) to ensure that student opinion is heard at Ulster. We respect your views and welcome your
honest and constructive feedback on the module.
There are several ways to do this:

 	You can contact your Module Coordinator about any queries related to your learning experiences on the module. You can voice your opinions through the formal Staff/Student Consultative Committee process by contacting one of the elected UUSU Course Reps in
your class.
	You can use Unitu – a new student feedback online platform, which enables students to have the right opportunities to raise and discuss feedback
about your course and UU in a transparent way. Unitu allows students, Academic Reps and staff to engage in discussions that aim to bring about concrete improvements and support the student voice.
	You will have the opportunity to give feedback on the module through completing the online Student Module Feedback Survey.

UUSU Advice Bureau Service
If you are experiencing difficulties that are impacting your studies, you can contact the Advice Bureau in the Students’ Union. You can get advice and
guidance on issues such as – complaints, appeals, housing problems, disciplinaries and info on various support providers available. To have a chat with th e
team, contact UUSU online.

How we support your opinion

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UU Student Wellbeing Service
If you are stressed, anxious or have additional wellbeing support needs or disability please contact Student Wellbeing and take support.

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