Insegnamento a.a. 2018-2019

30151 - PRINCIPLES OF INTERNATIONAL FINANCE

Department of Finance
Course taught in English
Go to class group/s: 31 - 32
BIEF (6 credits - II sem. - OP  |  3 credits SECS-P/09  |  3 credits SECS-P/11)
Course Director:
GIMEDE GIGANTE

Classes: 31 (II sem.) - 32 (II sem.)
Instructors:
Class 31: GIMEDE GIGANTE, Class 32: GIMEDE GIGANTE



Lezioni della classe erogate in presenza

Prerequisites

To feel comfortable in this course, you should be familiar with basic topics of corporate finance having a stable knowledge of concepts like risk, return, capital structure and the CAPM.

Mission & Content Summary

MISSION

The course explores the complexities of corporate financial management in an international setting providing students with a thorough understanding of international investment and financing decisions. The aim of this course is then to give a broad picture about international financial markets and international corporate finance moving from the needs of the firm to the financial instruments and services available to cater to those needs. Subjects that are covered include: international demand for equity and debt financing, the international market for corporate control, exchange risk and market imperfections and structured finance deals. The main goal is to offer both a clear framework and a set of operative tools to understand the relationship between firms and international financial systems. The whole structure of the course is applied, involves several real-world cases that are discussed in class, and is oriented to develop capabilities to understand and use international finance methodologies and practices used around the world.

CONTENT SUMMARY

  • The International Financial Environment.
  • International Financial Markets.
  • International banking.
  • Foreign direct investment (FDI).
  • Country risk analysis.
  • International equity markets.
  • International syndicated loans and bond markets.
  • Assessment of long-term financing in foreign currencies.
  • Multinational capital budgeting in project financing.
  • Banking and foreign exchange markets.

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Express an intuitive and real world grasp of the concepts and issues in international finance.
  • Appreciate and be aware of the complexities financial managers face as they move from a domestic to an international arena.
  • Understand various aspects of international financial management related to the structure and functioning of international financial markets and international corporate finance, being able to move from the needs of the firm to the financial instruments and services (securities issues, international equity and debt markets, multinational capital budgeting and structured finance deals) available to cater to those needs.

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Apply international financial methodologies and practices used around the world to analyze and manage real-world transactions and financial deals.
  • Evaluate the overall financial system and formulate considerations on financing/investment decisions taken on global debt, equity and currency markets, mostly from a multinational company perspective.

Teaching methods

  • Face-to-face lectures
  • Guest speaker's talks (in class or in distance)
  • Case studies /Incidents (traditional, online)

DETAILS

  • Outstanding guest speakers from the real world of finance are invited into the classroom in order to provide students with access to their expert perspectives. Guest lectures help students improve their learning in a more interactive, topic specific way. Guest lectures are used to make classes more approachable and appealing to students. 
  • Case studies allow the application of theoretical concepts bridging the gap between theory and practice. Case studies provide a rich basis for developing students’ problem solving and decision making skills.

Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  x x

ATTENDING AND NOT ATTENDING STUDENTS

Final written exam for both attending and non-attending students, based on multiple choice questions, open questions and exercises. Attending students can opt for a partial exam on the topics of the first half of the course and a second partial exam at the end of the course. Further details on all the points are given in the syllabus available at the beginning of the course.


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

The course is totally based on readings, slides, ad-hoc cases and professional software made available through web. At the beginning of the course, students receive a detailed syllabus in which is specified session by session the usage of the above-mentioned documents.

Last change 02/06/2018 16:59