Course Requirements:

• Attend and participate in class.
• Read required materials, ie: FT daily, weekly chapter assignments, handouts, etc.
• Turn in all homework on time, ie: Printed copy in class and e-mail copy with IBUS2333 in subject line.
• Take scheduled exams during the semester.
• Research and write required project paper.
• Prepare a PowerPoint presentation on project paper and present to class. 
• Read assigned book and submit Book Review.
• Periodically homework and extra credit assignments may be assigned

Attendance

Because 10% of the grade is comprised of class participation and homework, it is expected that students will attend class and actively participate in the class discussions.  Further, it is the policy of ACC that unexcused absences should not exceed 10% (1.5 classes) of the total number of class meetings.  We will cover some information in class that is not included in the text.  If you must miss class, please notify the instructor and obtain copies of handouts and lecture notes from one of your fellow students.

Exams

Four exams will be administered.  The Exams will cover material included in the textbook as well as material covered in the lectures, readings, handouts and the FT.  The first three will cover sections of material as outlined in the syllabus.  The final will be comprehensive.

Missed Tests

If you miss a test, you have until the next scheduled class period to contact the professor and complete a make-up test.  If you do not take a make-up test within the time allowed, you will be given a grade of zero points for that particular test.   

Homework

All assignments including homework should be submitted by e-mail to the professor prior to class.  Please include “IBUS 2333 International Trade Finance” in the subject line of ALL e-mails related to this course.  Students should also bring and submit a hard copy of each assignment to the professor in class.  Students will be graded on the timely and accurate submission of all assignments.

Project and Presentation

Each student will submit a written project comparing and contrasting two countries as candidates for international trade.  Each country will be analyzed using detailed methodology and results will be presented in the form of a consultation to a fictitious client with specific recommendations in a structured format.  (See detailed description in class syllabus)

Book Review

Students will be required to read the assigned text (Travels of a T-shirt Through the Global Economy) and produce a 2-3 page book review capturing the highlights of the text and illustrating the student’s ability to apply course concepts to those discussed in the book and providing sound arguments to support conclusions.  We will have a detailed discussion regarding the book after the reviews have been submitted.

Reading and reporting the FT

Each student will be expected to read the FT and extra credit opportunities will be available for anyone who finds a relevant article to course materials and write up a one-page reflection on the topic and presents it briefly in front of the class.  The student will be expected to have considered the topic carefully and be able to lead discussion.  We will also have daily discussion regarding current events and the professor will refer to FT articles and headlines as current examples of how the dynamics addressed in the course work are playing out around the globe.

Course Materials:

• INTERNATIONAL FINANCIAL MANAGEMENT

By: Eun and Resnick

        Edition:5TH 09

        Publisher:MCG

        ISBN:9780073382340

• TRAVELS OF A T_SHIRT THROUGH THE GLOBAL ECONOMY: An Economist Examines the Markets, Power, and Politics of Global Trade

Edition: 1^ST 05

Publisher:Wiley; 1 edition

ISBN:0471648493

• The Financial Times

All students in this class are expected to read the

The Financial Times newspaper daily

• Additional Periodicals: The Economist, Wall Street Journal, The Journal of Commerce, etc.
• Class handouts and presentations.
• Useful websites are listed in the syllabus and news of interest will be discussed in class and/or posted to Blackboard.

Part One: Foundations of International Financial Management

Chapter 1: Globalization and the Multinational Firm

Chapter 2: International Monetary System

Chapter 3: Balance of Payments

Chapter 4: Corporate Governance Around the World

Part Two: The Foreign Exchange Market, Exchange Rate Determination, and Currency Derivatives

Chapter 5: The Market for Foreign Exchange

Chapter 6: International Parity Relationships and Forecasting Foreign Exchange Rates

Chapter 7: Futures and Options on Foreign Exchange

Part Three: Foreign Exchange Exposure and Management

Chapter 8: Management of Transaction Exposure

Chapter 9: Management of Economic Exposure

Chapter 10: Management of Translation Exposure

Part Four: World Financial Markets and Institutions

Chapter 11: International Banking and Money Market

Chapter 12: International Bond Market

Chapter 13: International Equity Markets

Chapter 14: Interest Rate and Currency Swaps

Chapter 15: International Portfolio Investment

Part Five: Financial Management of the Multinational Firm

Chapter 16: Foreign Direct Investment and Cross-Border Acquisitions

Chapter 17: International Capital Structure and the Cost of Capital

Chapter 18: International Capital Budgeting

Chapter 19: Multinational Cash Management

Chapter 20: International Trade Finance

Chapter 21: International Tax Environment and Transfer Pricing

Course Rationale:

This course provides students with a broad understanding of international monetary systems and banking with a specific focus on the effects of financial markets and trade balances on international trade and the analysis of regions, countries and markets for international trade.  Students are encouraged to analyze and consider international financial management decisions and are taught tools and methodologies to employ as global managers to mitigate risk and take advantage of opportunities in the marketplace.

Course Objectives:

1. An understanding of the foundations of international financial management
2. An understanding of the foreign exchange market and exchange rate determination
3. A realization of the risks involved in international financial management and how to mitigate them
4. An understanding of world financial markets and the institutions involved
5. An understanding of tools and tactics used in the financial management of a multinational firm