A prerequisite for successful participation is thorough mathematical and statistical knowledge, which is taught in courses during the first semesters of every degree in economics or business economics. Furthermore, an essential prerequisite is the willingness to familiarize yourself with the contents of the course and the willingness to independently study the provided resources.
Veranstaltung wird in Präsenz abgehalten.
Eun, C. / Resnick, B: International Financial Management, 8th Edition, McGraw Hill
After successfully completing this module, students understand the challenges of international finance and how to make optimal corporate financial decisions concerning investments, financing, and hedging against risks in the international environment.
Students are able to use Excel to analyze finance-related data using various quantitative methods. They are able to calculate and interpret statistical measures and to use the multiple linear regression model in different variants for forecasting. They will also be able to use quantitative methods, particularly in the international currency environment, and interpret the results of the methods.
Students are able to apply the knowledge they have acquired in any area of their studies that deal with empirical questions in the field of finance and international economics. Students are able to apply quantitative approaches and models for international finance problems to other empirical and theoretical issues.
Students are able to interpret relationships in the international financial environment with regard to their statements at different levels. This includes, for example, finding causal relationships in economic systems or assessing the quality of statistics. Students are able to use quantitative tools to manage international financial risks.
Foundations of International Financial Management
• Globalization and the Multinational Firm
• International Monetary Systems
• Balance of Payments
The Foreign Exchange Market, Exchange Rate Determination, and Currency Derivates
• Market for Foreign Exchange
• International Parity Relationships and Forecasting Foreign Exchange Rates
• Futures and Options on Foreign Exchange
Foreign Exchange Exposure and Management
• Measuring, Managing and Hedging of FX Risk
World Financial Markets and Institutions
• International Bond Markets
• International Equity Markets
Financial Management of the Multinational Firm
• International Capital Structure and Cost of Capital