Syllabus for IBF-509

INTERNATIONAL FINANCE


COURSE DESCRIPTION

International Finance addresses global financial issues. Students examine the international monetary system, foreign exchange theory and markets, foreign exchange exposure and management of foreign exchange risks, financing of global operations, interest rate and currency swaps, foreign direct investment theory and strategies, political risk assessment and management, multinational tax considerations, international capital budgeting, working capital management, and international trade finance.

COURSE TOPICS

  • Multinational corporations
  • International trade and markets
  • Currency market
  • Currency options
  • Currency flows
  • Exchange rate
  • Government intervention and policies
  • International arbitrage
  • Interest rates
  • Valuation
  • Forecasting
  • Exchange rate risk
  • Hedging
  • Managing economic exposure
  • Direct foreign investment
  • International diversification
  • Subsidiary versus parent perspective
  • Multinational capital budgeting
  • International corporate governance
  • Corporate control decisions
  • Country risk
  • Components of capital
  • Capital structure
  • Debt denomination decisions
  • Debt maturity
  • Fixed versus floating rates
  • Payment methods in international trade
  • Trade finance
  • Agencies for international trade
  • Financing in foreign currencies
  • Multinational working capital management
  • Centralized cash management

COURSE OBJECTIVES

After completing this course, students should be able to:

CO 1        Evaluate appropriate policies and practices for the management of multinational corporations.

CO 2        Explain international flows in funds and trade.

CO 3        Analyze and evaluate currency exchange rate movements.

CO 4        Manage risks associated with currency exchange rate movements.

CO 5        Evaluate multinational investment opportunities.  

CO 6        Analyze and evaluate international financial markets.  

CO 7        Assess social, ethical, and economic issues in the multinational environment.

COURSE MATERIALS

You will need the following materials to do the work of the course. The required textbook is available from the University’s textbook supplier, MBS Direct.

Required Textbook

ISBN: 978-1133947837

Obtaining a Library Card

Throughout the course, you are required to read articles from online databases. Resources can be accessed through the New Jersey State Library, EBSCOhost, and ProQuest, which you can find through the myEdison portal under the Research Resources tab.

You will need a library card to access the NJ State Library, which is free for TESU students. Be sure to apply early in the semester, as it may take several weeks to receive your card.

COURSE STRUCTURE

International Finance is a three-credit, online course consisting of eight modules. Modules include an overview, topics, learning objectives, study materials, and activities. Module titles are listed below.

Course objectives covered in this module include: CO 1, CO 2, CO 3, CO 4, CO 5, CO 6, CO 7

Course objectives covered in this module include: CO 1, CO 2, CO 3, CO 4, CO 6, CO 7

ASSESSMENT METHODS

For your formal work in the course, you are required to participate in online discussion forums, complete written assignments, take examinations, and complete a final project. See below for details.

Consult the Course Calendar for due dates.

Promoting Originality

One or more of your course activities may utilize a tool designed to promote original work and evaluate

your submissions for plagiarism. More information about this tool is available in About SafeAssign.

Discussion Forums

In addition to posting an introduction to the class in Module 1, you will participate in eight discussion forums related to course topics.

Communication with your mentor and among fellow students is a critical component of online learning. Participation in online class discussions involves two distinct activities: an initial response to a discussion question and at least two subsequent comments on classmates' responses. Meaningful participation is relevant to the content, adds value, and advances the discussion. Comments such as "I agree" and "ditto" are not considered value-adding participation. Therefore, when you agree or disagree with a classmate or your mentor, state and support your position. Remember, these are discussions. Responses and comments should be properly proofread and edited, mature, and respectful.

Written Assignments

You are required to complete four written assignments. The written assignments are on a variety of topics associated with the course modules.

Synchronous Events

You are required to participate in two synchronous events as part of this course, the first during Module 3 and the second during Module 6. During these events, students will discuss topics specified in the module details. Your course mentor will work with the class to propose a time that works best and accommodates the majority of students.

The synchronous events will take place in Edison Live!, our virtual meeting space. To access the events, click the Collaboration Space link in the Edison Live! section of the course site a few minutes before the designated time. Use the following link for directions and helpful videos about how to use the Edison Live! tool in Moodle.

Examinations

This course requires you to take three online exams. The exams consist of multiple-choice questions, and you may use a calculator. Exam 1 covers Modules 1, 2, and 3; Exam 2 covers Modules 4, 5, and 6; and Exam 3 covers Modules 7 and 8. Each exam has a study guide found in the Examinations section of the course site.

Exams require that you use the University's Online Proctor Service (OPS). Please refer to the

Examinations and Proctors section of the Online Student Handbook (see General Information area of

the course website) for further information about scheduling and taking online exams and for all exam

policies and procedures. You are strongly advised to schedule your exams within the first week of the semester.

Online exams are administered through the course website. Consult the Course Calendar for the official

dates of exam weeks.

Statement about Cheating

You are on your honor not to cheat during exams. Cheating means:

If there is evidence that you have cheated or plagiarized in your exam, the exam will be declared invalid, and you will fail the course.

Final Project

You are required to complete a final project. Details about the requirements are located in the Final Project section of the course site.

GRADING AND EVALUATION

Your grade in the course will be determined as follows:

All activities will receive a numerical grade of 0–100. You will receive a score of 0 for any work not submitted. Your final grade in the course will be a letter grade. Letter grade equivalents for numerical grades are as follows:

A

=

93–100

B

=

83–87

A–

=

90–92

C

=

73–82

B+

=

88–89

F

=

Below 73

To receive credit for the course, you must earn a letter grade of C or higher on the weighted average of all assigned course work (e.g., assignments, discussion postings, projects). Graduate students must maintain a B average overall to remain in good academic standing.

Lateness Policy

The University's late assignment policy states that written assignments should be submitted no later than

the due date unless prior arrangements are made with the mentor and a new due date is established. If

you submit an assignment after the due date without having made arrangements with the mentor, a

minimum of 5 points (based on an assignment grading scale of 100 points) or 5 percent of the total points

will be deducted for each week, or part thereof, that the assignment is late. To receive credit for

discussion forum assignments, you must actively participate during the assigned discussion period. Also,

unless you have registered for an extension, assignments submitted after the semester ends (or after the

extension date expires) will be returned to you ungraded.

Active duty military students in receipt of Temporary Additional Duty orders (TDY) may be exempted from

point deductions if their orders prescribe a return-to-class date that allows for sufficient time to complete

the remaining course requirements, which is generally defined as allowing the student to miss no more

than 1/3 of the total semester.

Military students with TDY orders shall follow the procedures, found on the OMVE website to establish

new due dates without penalty for written assignments and discussion boards.

STRATEGIES FOR SUCCESS

First Steps to Success

To succeed in this course, take the following first steps:

Study Tips

Consider the following study tips for success:

ACADEMIC INTEGRITY

Thomas Edison State University is committed to maintaining academic quality, excellence, and honesty. The University expects all members of its community to share the commitment to academic integrity, an essential component of a quality academic experience.

Students at Thomas Edison State University are expected to exhibit the highest level of academic citizenship. In particular, students are expected to read and follow all policies, procedures, and program information guidelines contained in publications; pursue their learning goals with honesty and integrity; demonstrate that they are progressing satisfactorily and in a timely fashion by meeting course deadlines and following outlined procedures; observe a code of mutual respect in dealing with mentors, staff, and other students; behave in a manner consistent with the standards and codes of the profession in which they are practicing; keep official records updated regarding changes in name, address, telephone number, or e-mail address; and meet financial obligations in a timely manner. Students not practicing good academic citizenship may be subject to disciplinary action including suspension, dismissal, or financial holds on records.

All members of the University community are responsible for reviewing the Academic Code of Conduct Policy in the University Catalog and online at Thomas Edison State University.

Academic Dishonesty

Thomas Edison State University expects all of its students to approach their education with academic integrity—the pursuit of scholarly activity free from fraud and deception. All mentors and administrative staff members at the University insist on strict standards of academic honesty in all courses. Academic dishonesty undermines this objective. Academic dishonesty can take the following forms:

Plagiarism

Thomas Edison State University is committed to helping students understand the seriousness of plagiarism, which is defined as using the work and ideas of others without proper citation. The University takes a strong stance against plagiarism, and students found to be plagiarizing are subject to discipline under the academic code of conduct policy.

If you copy phrases, sentences, paragraphs, or whole documents word-for-word—or if you paraphrase by changing a word here and there—without identifying the author, or without identifying it as a direct quote, then you are plagiarizing. Please keep in mind that this type of identification applies to Internet sources as well as to print-based sources. Copying and pasting from the Internet without using quotation marks and without acknowledging sources, constitutes plagiarism. (For information about how to cite Internet sources, see Online Student Handbook > Academic Standards > Citing Sources.)

Accidentally copying the words and ideas of another writer does not excuse the charge of plagiarism. It is easy to jot down notes and ideas from many sources and then write your own paper without knowing which words are your own and which are someone else’s. It is more difficult to keep track of each and every source. However, the conscientious writer who wishes to avoid plagiarizing never fails to keep careful track of sources.

Always be aware that if you write without acknowledging the sources of your ideas, you run the risk of being charged with plagiarism.

Clearly, plagiarism, no matter the degree of intent to deceive, defeats the purpose of education. If you plagiarize deliberately, you are not educating yourself, and you are wasting your time on courses meant to improve your skills. If you plagiarize through carelessness, you are deceiving yourself.

For examples of unintentional plagiarism, advice on when to quote and when to paraphrase, and information about writing assistance and originality report checking, click the links provided below.

Examples of Unintentional Plagiarism

When to Quote and When to Paraphrase

Writing Assistance at Smarthinking

Disciplinary Process for Plagiarism

Acts of both intentional and unintentional plagiarism violate the Academic Code of Conduct.

If an incident of plagiarism is an isolated minor oversight or an obvious result of ignorance of proper citation requirements, the mentor may handle the matter as a learning exercise. Appropriate consequences may include the completion of tutorials, assignment rewrites, or any other reasonable learning tool in addition to a lower grade for the assignment or course. The mentor will notify the student and appropriate dean of the consequence by e-mail.

If the plagiarism appears intentional and/or is more than an isolated incident, the mentor will refer the matter to the appropriate dean, who will gather information about the violation(s) from the mentor and student, as necessary. The dean will review the matter and notify the student in writing of the specifics of the charge and the sanction to be imposed.

Possible sanctions include:

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