SYLLABUS - PLAN DE COURS – 2020/2021

V20150726
A. COURSE REFERENCES
A0. Program name International Program-BBA-Bachelor in Business and Administration
A1. Module code B3FIN006
A2. Level / Period / Specialisation BBA L300|Spring|
A3. Track / Delivery mode IT-International Track Full-Time
A4. Name of the module International Finance
International Finance | English
A4. a. Course titles / language of
- |-
teaching
-| -
A5. Department / Sub department EBI-Economics and Business Information FIN-Finance
A6. Module prerequisite -
A7. Module leader / Teaching professor Christian UROM Christian UROM
Assessment Assessment Synchronous
A8. Module contact Hours (H) Lecture
Mid term Final e-Learning
Total of contact hours
25.0 2.0 2.0 0
29
Asynchronous
A9. Independent learning hours (H) Self-study review Field Work/Project Other
e-Learning
Total of learning Hours
0 71 0 0
71
A10. Total student workload (in Hours): 100
A11. ECTS credits 5

B. MODULE DESCRIPTION
B1. Learning Outcomes:
On successful completion of this module, students should be able to:
- describe the economics of foreign trade and currency markets
- determine and hedge transaction, operating and translation risk
- explain debt and equity financing in a multinational context.

B2. Content:
The course is a study of the global financial environment from the point of view of the multinational enterprise. The course covers the global
financial environment, foreign exchange theory and markets, foreign exchange exposure and the financing of the global firm. With the rapid
globalization of the world economy, the managers of a firm have to understand that their decisions will be greatly influenced by variables
such as exchange rate policies, trade policies, international accounting standards, etc. The goal of this course is to help students understand
how the managers of a firm function in this increasingly uncertain environment. This course will focus on four main areas of international
finance: (1) key economic theories, (2) financial instruments for risk management, (3) exchange risk management, and (4) international
financing and investment issues

C. LEARNING METHODOLOGY

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Select the different pedagogical methods used and shortly explain their relevance regarding learning goals:
Lecture Individual presentation
Case study Group presentation
Field study Group works
Personal essay Videos
Book reviews Synchronous e-Learning
Professional meetings Asynchronous e-Learning (Cross Knowledge,
MOOC, …)
On site visit (company, …)

D. LEARNING OBJECTIVES AND ASSESSMENT MEASURES

Select in the left column “I” for an Introduced LO, “R” for a Reinforced LO, or “M” for a Mastered LO
LG.A / Business Knowledge and Business Skills
LO. BBA.A1 Students will demonstrate the ability to deliver clear and relevant oral presentations
LO. BBA.A2 Students will demonstrate the ability to contribute substantially to the work of a group
LO. BBA.A3 Students will demonstrate that they have key concepts and procedures in core business disciplines to know and
understand organizations.
I LO. BBA.A4 Students will demonstrate they have specific skills related to finance, marketing, management, or luxury brand
management.
LG.B / Global Awareness
I LO. BBA.B1 Students will demonstrate they have global business perspectives..
LG.C / Decision Making
I LO.MIM.C1 Students will apply problem solving models to business situations
LG.D / Ethics and Leadership
LO.MIM.D1 Students will demonstrate awareness of legal and ethical issues.

Intended learning objectives to be assessed

Assessment methods
LO.BBA.A1 LO.BBA.A2 LO.BBA.A3 LO.BBA.A4 LO.BBA.B1 LO.BBA.C1 LO.BBA.D1

Mid-term assessment 50%  

MA1. Group Works 25%

MA2 Written Test 25%
- -

Assessment
Final examination duration
(hours)

FE3. Written Test 50%

2
TOTAL  %100                   3 3 3      

Mid-term assessment description (Indicate Common mid-term or in Class exam)

The mid-term is structured around multiple-choice questions and exercises. The emphasis is on quantitative problem solving and the
understanding of the key notions studied in class.

Other assessment description

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Any absence to any midterm assessment will entail a zero mark, unless a justification is validated by the School's administration.

Final examination (Indicate in class Exam or during Final Exam week)

The final examination is structured around multiple-choice questions and exercises. The emphasis is on quantitative problem solving and the
understanding of the key notions studied in class

E. E-LEARNING

F. TEXTBOOK/ARTICLE
Eiteman D. K., Stonehill A. I., Moffet M. H., 2016, Multinational Business Finance, Fourteenth Edition, Global Edition, Pearson Education
Limited
Bekaert G., Hodrick R., 2018, International Financial Management, Third Edition, Cambridge University Press.

G. BIBLIOGRAPHY
Brigham E F, Ehrhardt M C, Financial Management: Theory and Practice, South Western Educational Publishing, 11th edition or previous
Bhidé A., 2010, A Call for Judgment, sensible finance for a dynamic economy, Oxford University Press
Cowen T., 2010, Risk and Business Cycles, Routledge

H1. SESSIONS LIST: indicate title of course 1

Session duration BIBLIOGRAPHY Asynchronous ASSIGNMENT /
SESSION (In class or REFERENCES e-Learning ASSESSMENT
Synchronous THEME
COURS1 (Reading before (Indicate Before or (Indicate before or
e-Learning) class) after class) in-class)
3 The International Monetary System: Eiteman
Brief history; IMF Exchange rate Chapters 2 .
classification; Fixed Vs Floating rates;
1 The impossible Trinity; Emerging
market exchange rate regimes; The
Chinese currency.

3 Globalization and the Growth of Bakaert and

International Trade and Capital
Flows : The Growth of Hodrick,
International Trade ; How MNCs Chapter 1
are affecting Trade ; The
Globalization of Financial
2 Markets ; The New Financial
Landscape ; A Global Financial
Crisis ; Ramifications of the
crisis ; Multinational
Corporations – Agency theory
and Corporate governance.
3 Multinationals and Foreign Bakaert and
Direct Investment; International Hodrick,
Mergers and Acquisitions;
Important International Players;
Chapter 1 and
Globalisation and the MNCs: Eiteman
3 Benefactor or Menace?; The Chapters 1
Limits to financial globalisation;
Do capital flows cause havoc?;
The Anti-Globalists Movement
and MNCs; Crowdfunding and
the Lifecycle of Capital.
4 3 Balance of payment : Typical Eiteman Mid-term 1
BOP Transactions ; Chapter 6
Fundamentals of International

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 Economic Transactions ; BOP
Accounts ; Chinese BOP ; BOP
transactions with GDP,
Exchange rates. And Interest
rates.
3 Foreign Currency Derivatives : Eiteman Review exercises on
Currency Derivatives ; Futures ; Chapter 7 currency
5
Futures Vs Forwards ; Futures transactions
Example ; Options
3 Foreign Exchange Exposure : Eiteman
Types ; Transaction, operating Chapter 10
and translation exposure ; Why
hedge ?; Measurement of
6 transaction exposure ;
Managing transaction
exposure ; Trident case study :
receivables, payables ; Risk
management in practice.
3 Translation Exposure : Basics ; Eiteman
Subsidiary Characterization, Chapter 11
Functional Currency ;
Translation method ; Case
7
study : Trident Europe ;
Translation Vs Operational
Exposure ; Management of
Translation Exposure
3 Operating Exposure : Operating Eiteman Group works
vs transaction exposure ; Chapter 12 presentation
Attributes ; Case : Trident
8
operating exposure ;
Management of operating
exposure.
3 International Equity Financing; Bakaert and Group works
Stock markets and the Hodrick presentation
Economy; The organisation and Chapter 12
9
operations of stock markets;
International cross-listing; Merits
and demerits of cross-listing.
11 2 FINAL EXAM Written exam
TOTAL 29

H2. SESSIONS LIST: indicate title of course 1

Session duration Asynchronous ASSIGNMENT /
(In class or BIBLIOGRAPHY
SESSION e-Learning ASSESSMENT
COURS1 Synchronous THEME REFERENCES
(Indicate Before or (Indicate before or
e-Learning) (Reading before class)
after class) in-class)
1 Click to add text Click to add text Click to add text
2 Click to add text Click to add text Click to add text
3 Click to add text Click to add text Click to add text
4 Click to add text Click to add text Click to add text
5 Click to add text Click to add text Click to add text
6 Click to add text Click to add text Click to add text
7 Click to add text Click to add text Click to add text
8 Click to add text Click to add text Click to add text

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 9 Click to add text Click to add text Click to add text
10 Click to add text Click to add text Click to add text
11 FINAL EXAM Click to add text Click to add text
TOTAL

H LINKS WITH COMPANIES:

The analyses of international investment projects as well as exchange rate and interest rate securities are major tie-in with the corporate
world.

I TEACHING METHODS

Typically classroom time will be used in the following way: lecture and presentation of the content led by the instructor, in-class exercises
linked to lectures, discussions on readings.
In addition, students are expected to prepare themselves through the following mechanisms: reading recommended chapters and
articles, solving the exercises related to each session, research and preparation of the lecture, preparation of case studies.
The content and the slides are available to student though school extranet including the sessions’ slides, exercises and readings.

Lectures are used to discuss the key concepts, themes and techniques of the module. Theoretical issues will always be illustrated by
recent examples; therefore students are strongly encouraged to regularly read business newspapers. Besides, reading the news is an
excellent way to exercise one's analytical skills and to bridge the gap between theoretical knowledge and daily events.

To encourage involvement in the learning process students will be asked to participate individually to the lecture and to present their
solutions to exercises. This will constitute an opportunity for a feedback by the instructor, and as such, should be considered as part of
formative assessment.
If the module is given in English, French translations will be given for important technical and ‘jargon’ terms.

J ACADEMIC INTEGRITY

Students are required to read the article related to the PSB – Paris School of Business Rules and Regulation on plagiarism and to
acknowledge the multiple forms that plagiarism takes along with the sanctions that can go as far as school exclusion. Every infraction will be
reported to the disciplinary board which will analyze the situation and circumstances, and decide the sanction to apply.

Academic dishonesty may take the forms of: 1. Plagiarism, i.e. copying the ideas or work of another person without citing the source. This
includes books, extracts of articles, tables, diagrams and material from internet or other electronic sources. 2. Submission of work more than
once, including work submitted at a prior institution, unless prior approval has been obtained. 3. Cheating on an examination. 4. Submission
of work that is not your own without citation. 5. Adding your name to work to which you have not contributed or allowing another student to
do the same. 6. Unauthorized or inappropriate use of computers, calculators and other forms of technology in coursework, assignments or
examinations. All these can lead to disciplinary sanction.
Please refer to your student handbook for full details.

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