KTTS4150 International Finance (5 cr)
Description
Content
Spot and derivatives pricing of fixed income, currency and commodity market assets, partial equilibrium models and parities in international finance, foreign direct investments, cross-border mergers and acquisitions, international diversification in stock markets, exchange rate risk, exposure, hedging and risk management in currency markets, macro-economic news and small macro models in international finance.
Completion methods
Contact teaching course, spring semester, 4th period. The study methods of the contact teaching course are specified in the study program annually.
Assessment details
Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.
Learning outcomes
• are capable of identifying the main forms of international financial markets
• understand the functions of international fixed income, currency, stock and commodities markets
• are familiar with the most frequently utilized models and approaches for analyzing the connections between international financial markets and macro economy
• are able to write analytical reports on a specific topic on international finance
Additional information
Recommended timing for BIF students: 1st year.
Recommended timing for Finnish M.Sc. degree students: 3rd or 4th year.
Literature
- Cochrane, J. (ed.): Financial Markets and the Real Economy Volume 18 of the International Library of Critical Writings in Financial Economics (2006), also available as NBER Working Paper http://www.nber.org/papers/w11193.
- http://www.nber.org/papers/w11193.
- Krugman P. , Obstfeld, M & Melitz M., 2015: International Finance; Theory & Policy, 10th ed.; ISBN: 978-0133423631
- Cuthbertson C. & Nitzshce D., 2004. Quantitative Financial Economics; Stocks, Bonds and Foreign Exchange, 2nd ed.; ISBN: 978-0470091715
- Sercu, P., 2009 : international Finance: Theory Into Practice; ISBN: 978-0-691-13667-7
- Moffett, M.H., Stonehill, A. I. & Eiteman, D. K., 2016: Fundamentals of Multinational Finance, Global (5th) ed.; ISBN: 978-1292076539
- Evans, M.D.D., 2011: Exchange Rate Dynamics.; ISBN: 978-0691150895