BFF3231 International finance
Faculty of Business and Economics
BFF3231 International finance is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 and Semester 2 at Caulfield. It needs BFC2140, BFF2140, BFW2140, BFX2140 or BFB2140.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Requisites
Before BFF3231
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After BFF3231
No unit lists BFF3231 as a prerequisite in the 2022 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Multinational corporations are forced to operate in an increasingly competitive and complex global environment. Firms and financial Intermediaries are exposed to international competition and financial managers need to understand macroeconomic and currency risks and how international financial markets function. This unit provides an introduction to macroeconomics in an international context, to multinational enterprise, and financial management. Topics covered include macroeconomic implications of cross border transactions, operation of foreign exchange markets, methods of hedging foreign exchange risks, overseas financing and investment decisions, international working capital management, and international financial markets, banking and treasury.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand and interpret key macroeconomic indicators for Australia and foreign economies and recognise definitional and measurement problems associated with the available data, with a particular focus on the open economy dimension
- 2
analyse and evaluate the benefits and disadvantages of the various exchange rate systems
- 3
critically appraise the extent to which the theories of exchange rate determination explain exchange rate movements in today's globalised economy
- 4
explain the various tools and approaches for firms in hedging transaction exchange exposure, and recommend the most appropriate approach to hedging in a variety of economic and firm-specific circumstances
- 5
analyse the extent to which firms are exposed to economic or operating exchange risk, evaluate their systems in place to manage it, and recommend alternative approaches
- 6
appraise the benefits of international portfolio investment vis-a-vis domestic-only diversification
- 7
apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF3231.
Workload and teaching
- Tutorials12 hours
- Lectures24 hours
- Teaching approachEnquiry-based learning
- 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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
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.
Where it fits
BFF3231 is part of 2 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Associate Professor Silvio Contessi
Common questions
What are the prerequisites for BFF3231?
You need BFC2140, BFF2140, BFW2140, BFX2140 or BFB2140 before you enrol. Enrolment rules also apply.
When is BFF3231 offered?
In 2022, BFF3231 runs in Semester 1 and Semester 2 at Caulfield.
How much work is BFF3231?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BFF3231 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include BFF3231?
BFF3231 is part of Banking and finance.