Course Syllabus Finance 485 International Finance

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10 Νοε 2013 (πριν από 3 χρόνια και 8 μήνες)

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1


C
ourse

S
yllabus

Finance
485 International Finance


Spring 2013
, Louisiana Tech University


Professor
:



Qiming Wang, Ph.D
, CFA

Office:




COB
B

211

Office Hours:

9
:00
a
m
-
12:00pm, Tuesday,
Thursday
; 1:00
-
5:00pm, Friday

or by appointment


Office
Phone:

(
3
18)
257
-
3863

E
-
Mail:

qwang@latech.edu



Class
Time & Location
:
COBB10
1
,

TR, 1
2
:00AM
-
1:50
P
M


Textbook:



Cheol Eun and Bruce Resnick,
International Financial Management
, 6th edition,
McGraw
-
Hill/Irwin


Recommended Reading:


Wall Street Journal


Course
Description and
Objectives
:


This course introduces students to issues and questions which concern financial
management of international corporations. The course covers the international aspects of
corporate finance, including the international monetary system, balance of payments,
fo
reign exchange markets, international parity conditions, currency derivatives, foreign
exchange exposure, world financial markets and global financing, foreign investment,
and international capital budgeting.


Course Prerequisites:


FINC 31
8



Financial
Calculator:


A financial calculator, such as Hewlett
-
Packard HP
-
17, HP
-
10, HP
-
19 or the
Texas
Instruments BA
-
II Plus
, is required for this class.
All business people
should have and be
proficient at using a financial calculator (one in which you can quickly

calculate bond
prices and yields, present values, etc.).
In class, I will teach you to use a Texas
Instruments BA
-
II Plus. If you have a different financial calcula
tor, you have to learn it
by your own.
Some instructions for financial calculators are available at
http://www.tvmcalcs.com/calculator_index
.
Please b
ring your calculator

to every class
meeting.



A
ttendance
:


Students are
expected

to attend all class sessions.
Attendance will be taken each class

period as required by Board of Regents policy. Excessive abse
nces will adversely affect
your
course grades. Disruptive behaviors, such as talking during lec
tures, eating or
drinking, and using cell phones, etc… will not be tolerated during class meeting.

When
you miss a class, please ask a classmate (not me) to debrief you and read related
material first before talking to me. You are responsible for all
missed material.

There will
be also
several assignments as attendance bonus given randomly

throughout the quarter.

2



Homework
:

It is essential in this course that you
read assigned readings

before each class sessions
and
complete homework assignments for ea
ch chapter

before we start the next chapter. I
will collect
5

homework assignments (
5 points each

and students are
allowed to miss one

homework assignment without affecting grades on homework) in class at the due date
.
No late homework

will be accepted.


Quizzes:

There will be
5

in
-
class unannounced quizzes and
5

online quizzes
.

Regardless of the
reason for missing a quiz, there will absolutely be
no make
-
up quiz

because students are
allowed to miss
one

in
-
class and
one

online quiz without affecting their course grades.



Exams:

Two

exams will be held during class time. Exams are closed book. All exams will
include only multiple choice problems drawn directly from lectures, homework
assignments, and quizzes. Students wil
l be allowed
one “cheat sheet”



one side of
standard letter size paper (8.5”x11”).

There will be
no make
-
up exams
.

Exams may be rescheduled under very limited
circumstances specified by university policy. It is imperative that you notify me before
the sta
rt of the exam in writing of your intent to miss an exam. This request must be
approved by
the instructor
.


Extra Credit:

You will receive up to
3
0

bonus points

if you do not miss any of the quizzes
,

homework
assignments
, and attendance bonuses
.


Appealin
g Process:

You should notify me in writing


email is acceptable


of any problems with grading
within one week after receiving a graded quiz or exam. I will not address previous
quizzes and exams after
the
one week

has passed
.



Grades and Grading Scale:

Final overall course grades are calculated as follows:


Activity






Points

1.

5

in
-
class Quizzes


4
0 +

10 bonus

2.

5

on
-
online Quizzes



20

+


5

bonus

3.

5

homework

(out of 14)


20

+


5

bonus


4. Exam 1




1
5
0



5. Exam 2




1
5
0


6
. Attendance and participation
20




8.
Attendance bonus


10

bonus


TOTAL
………………………………
4
00 +

3
0

bonus

With the build
-
in bonus, I will
not curve quizzes and exams
.

The following scale reflects
the minimum grade that you will earn based on your total points.

A

36
0


4
〰⁰潩湴s

B

㌲3



㌵3

灯楮ps

C

㈸2



3
1
㤠灯楮9s

a

㈴2




㤠灯楮9s

c





㤠灯楮9s

3



Students with Disabilities
:

Individuals who have any disability, either permanent or temporary, which might affect
their ability to perform in this class, are encouraged to inform the instructor at the start of
the semester. Adaptation of methods or testing may be made as required to

provide for
equitable participation.


Campus Emergency Policies:

All students should enroll in the Louisiana Tech Emergency Notification System and
keep their contacts current on
BOSS
.

In the event of an emergency closing the Tech
campus, students are directed to the off
-
campus
Louisiana Tech Moodle

site for all course
communication and for the continuation of course work.


Information on class
continuation will be available within th
es
e

days of the closure.


Academic Policies:

Students are expected to adhere to the Academic Honor Code established at Louisiana
Tech University as discussed in the Louisiana Tech University Student Handbook.
Students found guilty of committing acts of acade
mic dishonesty will receive at least an
“F” in the course a
nd possible suspension from Louisiana Tech University
. Examples of
academic dishonesty include, but are not limited to: obtaining exams illegally,
possession of exams from previous semesters that

have not been released by the
department, plagiarism, talking to others during an exam, using unauthorized “cheat
-
sheets” on exams and looking at others’ exam papers.


Tentative Course
Schedule

Thursday, March 7:


Foundations of International Financial
Management

Chapter1,
Globalization and the Multinational Firm

Chapter 2,
International Monetary System

Chapter 3,
Balance of Payments

Quiz 1

~ Chapter 1
-
3


Thursday, March
21
:


The Foreign Exchange Market, Exchange Rate Determination, and Currency Derivati
ves

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

Quiz 2 ~ Chapter 5
-
7


Thursday,
April 4
:


Foreign Exchange Exposure and Management

Chapter
8
,
Management of Transaction Exposure

Chapter
9
,
Management of Economic Exposure

Chapter 1
0
,
Management of Translation Exposure

Quiz 3 ~ Chapter 8
-
10


Thursday, April 11,
Exam 1, Chapter 1
-
3, 5
-
10

4




Tentative Course
Schedule (cont.)


Tuesday
,
April 16
:

World Financial Markets and Institutions

Chapter
11
,
International Banking and Money Market

Chapter
12
,
International Bond Market


Chapter
13
,
International Equity Market

Chapter 14, Interest Rate and Currency Swaps

Quiz
4

~ Chapter
11
-
14


Tuesday
,
April

30
,

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 1
8
,
International Capital Budgeting

Quiz
5

~ Chapter
16
-
1
8


Thursday, May 09,
Exam
2
, Chapter 1
1
-
14
,
16
-
1
8



* Please note this is a tentative schedule and changes may be necessary as the quarter
unfolds
. Some of the above chapters will be covered in more details than others.