COURSE SYLLABUS
SOUTHEAST MISSOURI STATE UNIVERSITY

Department of Economics and Finance	Course No. FI540
Title of Course:  International Finance	Revision:  Fall 2001

                                                

  I.    Catalog Description and Credit Hours of Course:

An examination of the operations and financial strategies of multinational firms within a global environment.  (3 hours)

 II.    Prerequisites:  FI361 Financial Management with a minimum grade of "C"and senior                              standing.

III.    Purpose or Objectives of Course:

A.        To study the financial management of multinational corporations. 

B.         To study the development and expansion of the multinational corporation. 

C.        To examine how financial managers of multinational corporation can respond to imperfections in world product, factor and financial markets.

D.        To study the modifications of conventional financial models necessary when used on an international level.

E.         To study the measurement and management of foreign exchange risk, political risk and country risk.

F.         To build on University Studies objectives:

Demonstrate the ability to locate and gather information. 
Demonstrate capabilities for critical thinking, reasoning and analyzing.
Demonstrate an understanding of human experiences and the ability to relate them to the present.
Demonstrate an understanding of various cultures and their interrelationships.  
Demonstrate the ability to integrate the breath and diversity of knowledge and experience.
Demonstrate the ability to function responsibly in one's natural, social and political environment

 IV.    Expectations of Students:

A.        To demonstrate an understanding of the financial management of a global company.

B.         To solve finance problems and make financial decisions using microcomputers.

C.        Graduate students will be required to complete a comprehensive analysis of the financial environmental(s) of a global company and formally present findings of the analysis to the entire class.

  V.    Course Content or Outline:                                                             Suggested Time In
                                                                                                                    50 Minute Periods

A.        The International Financial Environment                                                 18

1.         Multinational vs domestic financial management
2.         International flow of funds
3.         International financial  markets
4.         Exchange rate determination
5.         Currency derivatives

B.         Exchange Rates and Exchange Risk Management                                  10    
1.         Government influence on exchange rates
2.         Forecasting exchange rates
3.         Managing transaction exposure

C.        Long- and Short-Term International Financial                            17
1.         Direct foreign investment
2.         Multinational restructuring
3.         Country risk analysis
4.         Financing international trade                             

                                                                        TOTAL                                    45

VI.       Text (s) or Other Required Materials or Equipment:

Textbook:  Madura, Jeff, International Financial Management, 6th Edition.  Cincinnati, OH:  South-Western, 2000.

VII.    Basis for Student Evaluation:

A.       Level of performance on examinations, computer assignments and other activities, consistent with undergraduate or graduate standing.

B.       Graduate students will also be evaluated on their written and in-class presentation concerning the financial environment(s) of a global company.