ECB3IFMIB7.5 ECTSQ3EnglishBachelor
International Financial Management
FaculteitFaculty of Law, Economics and Governance
NiveauBachelor
Studiejaar2026-2027
Beschrijving
Course goals
At the end of the course the student is able to:
- Understand and analyse important issues that a MNC faces with respect to cross-border investments and financing decisions on global markets;
- Describe the operation and interaction of international financial markets and actively use this knowledge
- Understand and analyse the role of banks as international intermediaries;
- Understand and use the concept of currency risk to analyse its consequences for non-financial MNCs;
- Understand and apply a set of international financial instruments and strategies to cope with currency risk;
- Use the concepts and techniques taught in the course to analyze and solve quantitatively and qualitatively real business life problems
Content
In this course, we focus on corporate finance from an international perspective.
First, we investigate the institutional and operational characteristics of international financial markets. We provide an overview of the international financial system and its main players, as well as a framework of international parity conditions to enable a deeper understanding of currency risk. Understanding and managing currency and other risks is crucial for the financial management of Multinational Corporations (MNCs). Second, we analyze different financial instruments and strategies that firms can use to cope with currency risk as well as interest rate risk. Hereby, we introduce currency and interest rate swaps, FX options, forwards, and futures. Finally,, we focus on how MNCs should make cross-border investments decisions (capital budgeting) and on how MNCs can raise capital on global financial markets.
Academic skills
This course focuses on the following academic skills:
Communication skills
First, we investigate the institutional and operational characteristics of international financial markets. We provide an overview of the international financial system and its main players, as well as a framework of international parity conditions to enable a deeper understanding of currency risk. Understanding and managing currency and other risks is crucial for the financial management of Multinational Corporations (MNCs). Second, we analyze different financial instruments and strategies that firms can use to cope with currency risk as well as interest rate risk. Hereby, we introduce currency and interest rate swaps, FX options, forwards, and futures. Finally,, we focus on how MNCs should make cross-border investments decisions (capital budgeting) and on how MNCs can raise capital on global financial markets.
Academic skills
This course focuses on the following academic skills:
Communication skills
- Being able to present any subject without specific instruction in a convincing manner to a broad audience.
- Being able to write a comprehensive report on an academic level, in a correct and clear manner, both individual and in groups.
- Being able to accept and process feedback from others on a comprehensive research project (both students and lecturers).
Social responsibility
- Being able to work effectively in teams without specific intervention or instruction.
Effort requirements
The effort requirement for this course is attendance and active participation in the tutorials. To be eligible for the retake you need to attend at least 5 out of 7 tutorials for which you are demonstrably prepared.
In case online access is required for this course and you are not in the position to buy the access code, you are advised to contact the course coordinator for an alternative solution. Please note that access codes are not re-usable meaning that codes from second hand books do not work, as well as access codes from books with a different ISBN. Separate or spare codes are usually not available.
The effort requirement for this course is attendance and active participation in the tutorials. To be eligible for the retake you need to attend at least 5 out of 7 tutorials for which you are demonstrably prepared.
In case online access is required for this course and you are not in the position to buy the access code, you are advised to contact the course coordinator for an alternative solution. Please note that access codes are not re-usable meaning that codes from second hand books do not work, as well as access codes from books with a different ISBN. Separate or spare codes are usually not available.
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