KTTS4150 International Finance (5 cr)

Grading scale
0-5
Teaching languages
English
Responsible person(s)
Juha-Pekka Junttila

Learning outcomes

On successful completion of the course, the students
鈥� are capable of identifying the main forms of international financial markets
鈥� understand the functions of international fixed income, currency, stock and commodities markets
鈥� are familiar with the most frequently utilized models and approaches for analyzing the connections between international financial markets and macro economy
鈥� are able to write analytical reports on a specific topic on international finance

Study methods

Contact teaching course, spring semester, 4th period. The study methods of the contact teaching course are specified in the study program annually.

Content

Spot and derivatives pricing of fixed income, currency and commodity market assets, partial equilibrium models and parities in international finance, foreign direct investments, cross-border mergers and acquisitions, international diversification in stock markets, exchange rate risk, exposure, hedging and risk management in currency markets, macro-economic news and small macro models in international finance.

Further information

Recommended timing for BIF students: 1st year.
Recommended timing for Finnish M.Sc. degree students: 3rd or 4th year.

Literature:

ISBN-number Author, year of publication, title, publisher
978-0470091715 Cuthbertson C. & Nitzshce D., 2004. Quantitative Financial Economics; Stocks, Bonds and Foreign Exchange, 2nd ed.
978-0691150895 Evans, M.D.D., 2011: Exchange Rate Dynamics.
978-0133423631 Krugman P. , Obstfeld, M & Melitz M., 2015: International Finance; Theory & Policy, 10th ed.
Cochrane, J. (ed.): Financial Markets and the Real Economy Volume 18 of the International Library of Critical Writings in Financial Economics (2006), also available as NBER Working Paper http://www.nber.org/papers/w11193.
978-0-691-13667-7 Sercu, P., 2009 : international Finance: Theory Into Practice
978-1292076539 Moffett, M.H., Stonehill, A. I. & Eiteman, D. K., 2016: Fundamentals of Multinational Finance, Global (5th) ed.

Assessment criteria

Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.