International Corporate Finance
《International Corporate Finance》Course Syllabus Ⅰ、Course Introduction 1、Course No.：AC304 2、Course Name(Chinese/English)：跨国公司财务管理/International Corporate Finance 3、Period/Credits：36/2 4、Department：Department of Accounting 5、Pre-reading：Corporate Finance; International Business 6、Students Category： Senior Undergraduate 7、Textbook, Reference Books： International Corporate Finance, (9th edition), Jeff Madura 出版社：北京大学出版社 ISBN：9787301157091 Supplementary Readings (Articles): Wall Street Journal, Financial Times
Ⅱ、Course Characters and Objects The Course of International Financial Management strives to build on the foundation of corporate finance. Recognizing that multinational corporations continue to globally expand, this course first provides a background on the international environment and then focuses on the managerial aspects from a corporate perspective. The course gives students the tools to understand the international financial environment so that they can manage within it. The course assumes that you have completed introductory courses in basic algebra, accounting, corporate finance, microeconomics, and statistics. If you have not taken these courses you will find the concepts introduced in this course difficult. Class attendance will be very important and participation is strongly encouraged. Class attendance and participation may add positively to the grade in borderline situations.
Ⅲ、Contents and Requirements Below are some of the topics to be covered and the weekly schedule. I expect that there will be additions and deletions during the semester as I become aware of the previous education of class members. At each weekly meeting, you might be given an assignment (a problem set, a case) Page 1 of 3
International Corporate Finance for the following week. The assignment could be an individual work or a group project. Meeting 1/2 3/4
5/6
7/8 9/10
11/12
13/14
15/16
17/18
Content/Topic The International Financial Environment Currency Derivatives; Exchange Rate Behavior
Hours 4
Exchange Rate Behavior; Forecasting Exchange Rates Exchange Rate Management Direct Foreign Investment; Multinational Capital Budgeting International Acquisitions Country Risk Analysis Multinational Cost of Capital and Capital Structure; Long-Term Financing Short-Term Asset and Liability Management
4
Discussion in the Boardroom
4
4
4 4
Method/Pedagogy
Assignment Chapter 1-2
Integrative Problem: The International Financial Environment Integrative Problem: Exchange Rate Behavior
Chapter 3-4
Chapter 5-6
Integrative Problem: Chapter 7-9 Exchange Rate Management Chapter 10-11
4
Chapter 12-13
4
Integrative Problem: Long-Term Asset and Liability Management
Chapter 14-15
4
Integrative Problem: Short-Term Asset and Liability Management Case: English Language School in Mexico
Chapter 16-18 Chapter 1-18
Ⅳ、Experiment Contents and Requirements This course carries out in both lectures and team projects. You can form a group. However, the group size must be less than 4 persons. The details of the group project will be announced later. You will be required to make an oral presentation occasionally to the class summarizing your conclusions during the class.
Ⅴ、Requirement for Students Ability Development This course is designed to provide an understanding of international financial products, financial markets, and institutional structures necessary to be effective financial managers in modern corporations. Students will be acquainted with challenges faced by modern managers in short-term and long-term. Students will also learn how to handle exchange risk and market imperfections in the growing trend of Page 2 of 3
International Corporate Finance globalization by using various financial instruments and derivatives. The specific topics covered include the followings: the basic macroeconomics concepts, the nature of foreign exchange risk, the determination of exchange rates, the management of foreign exchange risk with forwards, futures, options and swaps, exchange rate forecasting, the evaluation of international investments, the causes and consequences of currency crises, international cash management, multinational company management, international tax environment.
Ⅵ、Others Following are recommended： 1、Teaching Website, Teaching Reference Website: 2、Study Requirements 3、Characteristic Requirements
Writer：程江 Seal of the Department：Department of Accounting Signature of the Supervisor of the School(or Department)： Date：2010.11
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