ECTS credits ECTS credits: 4.5
ECTS Hours Rules/Memories Student's work ECTS: 74.2 Hours of tutorials: 2.25 Expository Class: 18 Interactive Classroom: 18 Total: 112.45
Use languages Spanish, Galician, English
Type: Ordinary Degree Subject RD 1393/2007 - 822/2021
Departments: Financial Economics and Accounting
Areas: Financial Economics and Accounting
Center Faculty of Business Administration and Management
Call: Second Semester
Teaching: With teaching
Enrolment: Enrollable
The subject of International Financial Management focuses on the financial management of internationalized companies. In the first part of the program we address general issues that affect the management of companies in an international context such as the exchange rate, the balance of payments and the functioning of the foreign exchange market. Subsequently, currency forward contracts and profitability and cost in transactions exposed to foreign exchange risk are analyzed. Also, the study of exchange rate theories allows understanding the formation of prices in the forward markets or the forecast of the exchange rate. In this latter case, different prediction methods based on technical and fundamental analysis are addressed. Finally, the Forex derivative market and the hedging of foreign exchange risk through different financial instruments are addressed.
UNIT I: THE FOREIGN EXCHANGE MARKET
UNIT II: EXCHANGE RATES, PROFITABILITY AND RISK OF FOREIGN EXCHANGE OPERATIONS
UNIT III: THEORIES ON EXCHANGE RATES
TOPIC IV: DERIVATIVES IN CURRENCY
TOPIC V: ECONOMIC EXPOSURE AND FOREIGN EXCHANGE HEDGE
Shapiro (2009) Multinational Financial Management, John Wiley.
Martínez, A. (2000): Mercados Financieros Internacionales, Ed, Civitas (2000).
Martín Marín, J.L. (2014): Finanzas Internacionales, Ed Thompson
Levi, M (1997): Finanzas Internacionales, Ed. Mc Graw Hill.
Mateos Aparicio y AFI (2001): Finanzas Internacionales, Ed. AFI.
Pedrosa, M. (2002): Los Mercados Financieros Internacionales y su globalización, Ed. Thompson
Eiteman et al. (2012): Las finanzas de las empresas multinacionales, Ed. Pearson
Eun y Resnik (2010): Gestión financiera internacional, Mc Graw Hill
Madura, J (2015): International financial management, Cengage Learning.
Knop, R. (2006): Manual de instrumentos derivados, Escuela de Finanzas Aplicadas
BASIC AND GENERAL COMPETENCES
CB1 - That students have demonstrated to possess and understand knowledge in an area of study that starts from the base of general secondary education, and is usually found at a level that, although supported by advanced textbooks, also includes some aspects that imply knowledge coming from the vanguard of their field of study
CB2 - That students know how to apply their knowledge to their work or vocation in a professional manner and possess the competences that are usually demonstrated through the elaboration and defense of arguments and the resolution of problems within their area of study
CB3 - That students have the ability to gather and interpret relevant data (usually within their area of study) to make judgments that include a reflection on relevant issues of a social, scientific or ethical nature
CB4 - That students can transmit information, ideas, problems and solutions to a specialized and non-specialized public
CB5 - That students have developed those learning skills necessary to undertake further studies with a high degree of autonomy
TRANSVERSAL COMPETENCES
CT1. Analysis and synthesis
CT2. Organization and planning
CT4. Information management
CT5. Knowledge of information technology related to the field of study
CT6. Problem resolution
CT7. Decision making
CT9. Autonomy in learning
CT10. Teamwork
SPECIFIC COMPETENCES
A3 - The national and international economic reality, productive sectors, public sector, economic institutions and their evolution
D7 - Understand economic institutions as a result and application of theoretical or formal representations about how the economy works.
D9 - Usually use information technology and communications in all their professional performance.
D10 - Apply professional criteria based on the management of technical instruments to the analysis of problems.
18 hours of lectures and 18 interactive sessions (resolution of practical exercises and analysis of cases in the Computer Room). In all of them, the presentation of theoretical contents will be combined with its practical application and the analysis of real market situations. Special attention is paid to the management of specific computer programs (spreadsheets, simulators, etc.).
Students will receive the support of the virtual campus of the USC through the virtual classroom of the subject, in which the periodic programming of the classes and the corresponding supporting material will be offered, both for the lecture and interactive sessions.
The tutorial support will be carried out preferably in person using email, virtual classroom messaging or forums and MS Teams as telematic communication channels.
In the first opportunity, two alternative evaluation systems are foreseen, both for students taking the subject for the first time and for repeating students:
- A continuous evaluation system, in which during the semester the students will develop various evaluation activities that will allow them to pass the subject without having to take a final exam. Three types of evaluation activities are included in this system:
o Theoretical-practical tests: two tests will be carried out throughout the course, in the usual class time, covering all the contents of the subject. They will account for 40% of the final grade.
o Spreadsheet test: during class time, a test will be carried out to assess the skill in handling the spreadsheet for the analysis of international financial management decisions. It will account for 30% of the final grade.
o Works related to the content of the different topics that make up the program or others of relevance in the field of the subject, for which a deadline will be set. They will contribute 30% of the final grade.
- A unique assessment system, consisting of taking a theoretical-practical final exam on the established official date, which will represent 100% of the final grade, reserved for those students who, for reasons listed in Instruction nº1 / 2017 of the USC Secretaría Xeral, request and obtain a class attendance exemption, as well as for those who do not pass under the continuous evaluation system.
In the second opportunity, the evaluation is only contemplated through the completion of a final exam. In any of the modalities it will be necessary to obtain a grade equal to or greater than 5 to pass the subject.
All evaluation activities will be carried out synchronously, except for those for which a delivery deadline is set.
In cases of fraudulent performance of exercises or tests, the provisions of the Regulations for the evaluation of student academic performance and review of grades will apply.
Competence assessment:
- Excel test and assignments: CB2 CB3 CB4 CB5 CT1 CT4 CT2 CT5 CT6 CT7 CT9 CT10 D9 D10 CB2 CB3 CB4 CB5
- Final exam and theoretical-practical tests: CB1 CB2 CB5 CT6 CT9 A3 D7
Total hours of classroom work in the classroom 45
Total hours iof ndividual work of the student 67.5
The topics included in the syllabus are intimately interrelated, hence the periodic review of concepts and practical applications is recommended. Likewise, it is advisable to review the practices carried out in the computer room.
This subject is characterized by being closely linked to financial news, and in particular to international financial markets, hence the understanding improves considerably if the student makes periodic monitoring of the financial press and visits the specialized webs that appear detailed in each one of the units.
M. Luisa Lopez Perez
Coordinador/a- Department
- Financial Economics and Accounting
- Area
- Financial Economics and Accounting
- mluisa.lopez.perez [at] usc.es
- Category
- Professor: Temporary supply professor to reduce teaching hours
| Tuesday | |||
|---|---|---|---|
| 10:30-11:50 | Grupo /CLE_01 | Spanish | Computer room 3 |
| 05.27.2025 09:00-12:00 | Grupo /CLE_01 | Computer room 3 |
| 07.02.2025 12:00-15:00 | Grupo /CLE_01 | Computer room 3 |