BFC3240 International finance
Faculty of Business and Economics
BFC3240 International finance is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Clayton. It needs (BFB2140, BFC2140, BFF2140 or BFW2140) and (BFC2751, BFF3751 or BFW2751).
- Credit points
- 6
- Offered in 2027
- Semester 1, Semester 2
- Clayton
- Assessment
- Exam 50%
- and 2 other tasks
- Workload
- 144 hours
- per semester
Reviews
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Requisites
Before BFC3240
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After BFC3240
No unit lists BFC3240 as a prerequisite in the 2027 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Overview
This unit covers topics related to international finance, including exchange rate systems, exchange rate determination theory, and the management of firms' foreign exchange rate risk. It examines the importance of hedging and the challenges involved in assessing and managing such risks in a global context. The unit also covers hedging tools such as currency forwards, money market facilities, and options. Additionally, it explores the challenges of operating exposure and political risks associated with foreign direct investments, and includes an overview of cryptocurrencies.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | Flexible |
| Second semester | Clayton | Flexible |
Assessment
- Demonstration20%
- Portfolio30%
- Examination50%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
analyse and evaluate the advantages and disadvantages of various exchange rate systems
- 2
critically appraise the applicability of exchange rate determination theories to today's globalised economy
- 3
evaluate and recommend appropriate hedging approaches for firms in various economic and firm-specific circumstances
- 4
analyse and recommend alternative approaches to manage economic or operating exchange risk for firms
- 5
evaluate the benefits and challenges of foreign direct investments and assess associated political risks
- 6
apply critical thinking, problem-solving, and teamwork skills in individual and group assessment tasks related to international finance.
Workload and teaching
- Tutorials24 hours
- Seminars12 hours
- Teaching approachSimulation or virtual practice
- Teaching approachProblem-based learning
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit allows you to engage in guided, immersive experiences to develop relevant skills, knowledge and attitudes through simulation or virtual practice.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
BFC3240 is part of 2 areas of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Abu Zafar Shahriar
Common questions
What are the prerequisites for BFC3240?
You need (BFB2140, BFC2140, BFF2140 or BFW2140) and (BFC2751, BFF3751 or BFW2751) before you enrol. Enrolment rules also apply.
When is BFC3240 offered?
In 2027, BFC3240 runs in Semester 1 and Semester 2 at Clayton.
How much work is BFC3240?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BFC3240 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 2 other tasks.
Which majors and minors include BFC3240?
BFC3240 is part of Finance.