International Financial Management
Component code / course code: UF-30.1
Semester: winter / summer
ECTS credits: 2
Lecture hours per week (SWS): 2
Lecturer: Prof. Dr. Weilepp
Prerequisites:
"Economics" (Module 02), "Business Mathematics" (Module 04), "General Business Administration" (Module 06), "Fundamentals of Finance" (Module 11) and Investments" (Module 14).
Qualification objectives:
Students know the basic trade theories and understand that trade brings benefits to all countries involved and that protectionism is generally economically disadvantageous. They also understand the risks that different currencies pose to international business activities. Students know how to hedge against such currency risks and are aware of the costs associated with such hedging measures. In addition, students are familiar with the most common instruments of trade finance and international payment processing.
Course contents:
- International trade theories
- Currencies
• Foreign Exchange (FX) Markets
• FX Parity Relations
• Hedging FX Risks (FX Futures, FX Swaps, FX Options etc.) - International Trade Finance
• Financial instruments used in trade finance (Bills of exchange, Letters of credit etc.)
• Methods of payment settlement
• Incoterms
Teaching format (e.g. online/in person lecture/Seminar/Lab etc.): Lecture, discussion, group work and student presentations
Examination type: written exam
