MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_NextPart_01C4AABD.B35F61D0" This document is a Single File Web Page, also known as a Web Archive file. If you are seeing this message, your browser or editor doesn't support Web Archive files. Please download a browser that supports Web Archive, such as Microsoft Internet Explorer. ------=_NextPart_01C4AABD.B35F61D0 Content-Location: file:///C:/51965904/FIN503SyllabusFall04revised.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" ADVANCED TOPICS IN FINANCE Akbar Torbat, Ph

Calif= ornia State University, Dominguez Hills

College= of Busines= s Administration and Public Policy

FIN = 503-01 Advanced Topics in Multinational Finance

FALL 2004

M 7:00 to 9:45 p.m., Room SBS E 126

        =            

Instructor:=   <= b>Dr. Akbar Torbat

Office: Room EAC 706<= /span>= , hours: MW = 5:30 to 7:00 p.m.

 Phone: (310) 243-2403

 E-mail: atorbat@csud= h.edu=

 

 

COURSE DESCRIPTION:

 

This is an advanced level course that provides t= he student with an understanding of international financial markets, instituti= ons and instruments for investment decision-making in global settings.

 

Prerequisite:&n= bsp; FIN 502. Advanced Topics in International Business=

 

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COURSE CONTENTS:

        =        

The course covers maj= or topics in international finance, including balance of payments accounts, ri= sk measurement, foreign exchange, international mon= etary systems, international capital market, country risk analysis, joint venture, foreign direct and portfolio investment, and hedging,.

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STUDENT LEARNING OBJECTIVES: 

 

Upon completion of th= is course students will be able to:

  • Demonstrate Knowledge of International Finance, including international capital market and money market from both the theory and practice perspectives.
  • Describe the financial aspects of multinational enterprise (MN= E), including foreign direct and portfolio investments, impact on host countries, derivatives instruments and hedging techniques.<= /span>
  • Understand balance-of-payments accounts.
  • Evaluate international financial accounting and taxation.=
  • Conduct research in the field of international finance. 

 

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READING MATERIALS:=

 

= The required textbook for the course is Inter= national Financial Management<= /span> by Jeff Madura, 7th Edition, ISBN 032416551x.

=  

You are expected to k= eep up with international financial news throughout the course.  For review of international news a= nd articles you can refer to The Wall Street Journal, Financial Times, The Economist, Finance and Development, and Euromoney.  You should also refer to the websites such as the United Nations Conference on Trade and Development at  www.unctad.org,  International Monetary Fund a= t www.imf.org, World Trade Organization at www.wto.org,  Organization of the Petroleum Expo= rting Countries www.opec.org,  Financial Times at www.ft.com, and the Economist a= t www.economist.com for obtaining information and data relevant to the course.   Some additional reading mate= rials will be placed on reserve in the library for your reference.

=  

COURSE EXPECTATION= S:

Each student is expec= ted to read the assigned material and prepare the written assignments prior to class.  The university standard for course workload is three hours of outside work for every hour in class, i.e., a 3-unit course requires 9 hour= s of work/week.

 

 

EVALUATION:=

 

        =       Grade for the course will be based on a research paper (30%), a midt= erm exam (30%), a final exam (30%), class participation and problem solving (10= %).  Students are expected to attend the class regularly and participate in class-discussions.  Students who actively take part in= class discussions and make meaningful contributions will be rewarded. There will = be no make‑up exams.  If th= ere is a valid reason, the score for a missed midterm exam will be added to the fi= nal exam. The total scores will be ranked and letter grades will be assigned according to the university catalogue.  The following scale will be used to determine the letter grades.

 

A.......... (93-100), A-........ (90-92), B+........ (87-89), B......... (80-86), B- ......  (77-79)

C+..... (74-76), C...= .... (67-73), C-........ (60-66), D+... 57-59, D ….. (50-57), F …..&= nbsp; (0-49)

 

 

ACADEMIC INTEGRITY:

 

Cheating or plagiarism is considered a gross violati= on of the University’s academic standards and is subjected to discipline according to the California Code of Regulations.

 <= /span>

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HOMEWORK:

 

Some questions form t= he textbook will be assigned for your homework on an on going basis. Homework = will not be collected.

 

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RESEARCH PAPER:

 <= /span>

The class will be divided to teams consisting of 2 stu= dents each. Each team is required to write a paper using the knowledge learned in= the course to explore the following assignment.

 

During the past couple of decades the countries in East Asia have attracted substantial amount of Fore= ign Direct Investment (FDI) while the countries in West = Asia have not benefited as much from FDI. The attached tables show the amount of inward and outward FDI in a group of countries in We= st Asia. Choose one of the countries from the attached table and write a research report answering the following questions:

 

  1.  
  2.  

     

     

    TENTATIVE SCHEDULE

     

     

    Weeks

    Topics

    Chapters

    1=

    An overview of Mult= inational Financial Management

    1=

    2=

    Monday  September 6, Labor day Holliday,= No class

     

    3=

    International Flow = of Funds

    2=

    4=

    International Finan= cial Markets

    3=

    5=

    Exchange rate determination  and currency derivatives

    4 and 5<= /span>

    6=

    Wednesday, Governme= nt Influence on Exchange rates

    6=

    7=

    International Arbit= rage, interest rate parity, and Fisher effect.

    7, 8

    8=

    Foreign Direct Inve= stment

    13

    9=

    Monday Oct. 25, Midterm exam

    Country Risk analys= is

     

    16

    10

    Multinational cost = of capital and capital structure

    17

    11

    Financing Internati= onal Trade

    19

    12

    Forecasting exchange rates

    9=

    13

    Measuring  and managing exposure to exchange rates

    10,11

    14

    Student presentatio= n

     

    15

    Review and student presentation

     

    16

    Monday December = 13, Final Exam

     

     

     

     

     

     

     

     

     

     

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