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BA 545 - International Financial Management
Winter 2006
Instructor: Jimmy
Yang
Office: Bexell 418C
Phone: 541-737-6005
E-mail: jimmy.yang@bus.oregonstate.edu
Office hours: Monday 9:00-10:00, Tuesday 9:30-10:30 and Thursday 10:00-11:00
And by appointment
Prerequisites: BA340 (Finance), BA347 (International Business), and BA440 (Corporate Finance) or ECON440.
Blackboard: Please login with your ONID username and password to your Blackboard account through the following website. https://my.oregonstate.edu/webapps/login My announcements and class materials will be posted on the Blackboard. You are all encouraged to utilize this system to post your questions, discuss class-related issues, or communicate with your group, the whole class or me.
Required Text: Moffett, Stonehill, and Eiteman, Fundamentals of Multinational Finance, Second Edition, Pearson Education, 2006.
Required Tool: Financial Calculator (Texas Instruments BA II Plus or an equivalent).
Course Objectives: The goal of this course is to teach students how to be effective global financial managers. Upon completion of this course, students should be familiar with the fundamentals of the macroeconomic environment of international financial management, the financial environment in which the multinational firm and its managers must function, and foreign exchange management and financial management in a multinational firm.
Assignments: Textbook practice problems and some other assignments, perhaps covering materials not covered in the text, will be given in class or posted on the Blackboard. Assignments will NOT be collected. Answers will be available on the Blackboard one week after assignments are posted. You are encouraged to collaborate when doing the assignments.
Group Project: Detailed
description of the group project will be posted on the Blackboard during the
second week of the term. The group
project presentation will take place on March 14 and 16, 2006 and the written
report of the project is due on
Exams: Two exams will be given. If you miss any exam without prior permission, a grade of zero will be given for that exam. It is your responsibility to schedule a make-up exam within one week after the scheduled exam.
Grade Determination:
Written group project 20%
Group project presentation 10%
Exam #1 30%
Exam #2 30%
Case 10%
Important Notes: All students are expected to abide by the university rules on academic honesty. Failure to do so will result in failing the class. Students with special needs that will need to be addressed please contact me during the first week of the term.
Tentative Schedule:
|
Date |
Topic |
Chapter(s) |
|
Jan 10 |
Introduction |
1 |
|
Jan 12 |
Balance of Payments |
3 |
|
Jan 17 |
International Parity (1) |
4 |
|
Jan 19 |
International Parity (2) |
4 |
|
Jan 24 |
Foreign Exchange Rate |
2, 5 |
|
Jan 26 |
Foreign Exchange Market |
6 |
|
Jan 31 |
Transaction Exposure |
8 |
|
Feb 2 |
Operating Exposure |
9 |
|
Feb 7 |
Translation Exposure |
10 |
|
Feb 9 |
Exam #1 |
|
|
Feb 14 |
Global Cost of Capital |
11 |
|
Feb 16 |
Raising Global Capital |
12, 13 |
|
Feb 21 |
Foreign Direct Investment |
16, 17 |
|
Feb 23 |
Hedging (1) |
14 |
|
Feb 28 |
Hedging (2) |
7 |
|
Mar 2 |
Cross-Border M&A |
Web Chapter |
|
Mar 7 |
International Portfolio Theory |
15 |
|
Mar 9 |
Exam #2 |
|
|
Mar 14 |
Presentation (1) |
|
|
Mar 16 |
Presentation (2) |
|
|
Mar 21 |
Written group project and case due at |
|