ECF2721 Trade finance and foreign exchange
Faculty of Business and Economics
ECF2721 Trade finance and foreign exchange is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Summer B at Caulfield and City (Melbourne). It needs ECS1101, ECB1101, ECW1101, ECC1000 or ECF1100 and unlocks 1 unit.
- Credit points
- 6
- Offered in 2021
- Semester 1, Summer B
- Caulfield, City (Melbourne)
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before ECF2721
Prohibitions
You can't enrol if you have passed any of these.
After ECF2721
1 unit list ECF2721 as a prerequisite or corequisite.
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.
Trimester A, Trimester B, and Trimester C City location offerings for this unit are only available for Bachelor of International Business and associated double degree students.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit focuses on the topics of international finance and trade. This includes the importance of international finance, the determination of exchange rates, foreign investment, parity conditions, hedging and speculation in foreign exchange markets, foreign exchange markets-spot, forward, futures and options markets, the balance of payments accounts and the effect of macroeconomic policies on trade balance.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Summer semester B | City (Melbourne) | Block on |
| Trimester A | City (Melbourne) | On campus |
| Trimester C | City (Melbourne) | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the operation of foreign exchange markets
- 2
understand the key factors that influence international financial markets
- 3
analyse and evaluate the benefits and disadvantages of the various exchange rate systems
- 4
understand the concept of payments among nations and macroeconomic policies
- 5
understand and analyse the interactions among the foreign exchange rate, trades, and macroeconomic policies.
Workload and teaching
- Tutorials11 hours
- Workshops30 hours
- Workshops33 hours
- Teaching approachEnquiry-based 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.
Learning resources
Required resources
Feenstra, R. C., and Taylor, A. M. International Macroeconomics, 4th edition, Worth Publishers.
Where it fits
ECF2721 is part of 3 areas of study in the 2021 handbook.
Contacts
- Unit Coordinators
- Dr Ying Zhou
- Dr Thandinkosi Ndhlela
- Chief Examiners
- Associate Professor Horag Choi
- Professor Mark Crosby
Common questions
What are the prerequisites for ECF2721?
You need ECS1101, ECB1101, ECW1101, ECC1000 or ECF1100 before you enrol. Enrolment rules also apply.
What can I take after ECF2721?
ECF2721 is a prerequisite or corequisite for 1 unit, including ECW3301.
When is ECF2721 offered?
In 2021, ECF2721 runs in Semester 1 and Summer B at Caulfield and City (Melbourne).
How much work is ECF2721?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF2721 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF2721?
ECF2721 is part of Economics and business strategy; and International business.