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International Trade and Finance

International Trade and Finance

Code: ACC3LF003
Extent: 9 ECTS (240 h)
Timing: Semester 5 - 6
Language: English
Level: Professional Specialization Studies
Type: Compulsory to those chosen ACC1LF Financial Management for Global Business as their specialisation.

Prerequisites

The student has successfully completed the GloBBA Basic and Joint Professional Studies. The course is part of the module of Financial Management for Global Business.

Learning outcomes

Upon successful completion of the course, the student

  • understands the contemporary economic issues with an emphasis on international trade and finance
  • knows the instruments of corporate finance available in global business environment
  • is able to analyse and use of the corporate finance instruments required in a company operating in international markets
  • has skills to make finance related decisions generating profitable business
  • is able to evaluate and share market information in order to support strategic decision-making within the organization and networks
  • has enhanced his/her HH3S competences as applicable to the course.

Course contents

Course content follow three general themes on capital markets and international trade, investment analysis and financial management. Main topics underlying these themes are the following;

International Trade, Capital Markets and the World Economy

    1. theories of international trade and economic integration
    2. the international monetary system and the balance of payments
    3. international parity relationships
    4. world trading patterns, trade policy and export promotion
    5. financial markets and their products

Operational and Global Investment Decisions

    1. economic evaluation and investment appraisal methods
    2. structuring international trade transactions: choice of currency, method of payments
    3. analysing risk factors in foreign operations and investment
    4. international portfolio investment and risk management

International Financial Management and Capital Budgeting

    1. capital budgeting decision process and techniques
    2. short-term financial decisions; working capital and current assets management
    3. types of exchange-rate risk exposure
    4. interest and foreign exchange-rate risk management
    5. internal controls and auditing

Cooperation with business community

Guest lecturers from international/global companies, real business based cases.

International dimension

International and global business approach to course topics, contributions by multinational student groups and company cooperation.

Teaching and learning methods

Contact lessons
Case studies
Team project
The assessment of one’s own learning 1 h

Accreditation of prior learning

Accreditation of prior learning (APL) is observed on the course according to separate instructions.

Teacher with the main responsibility of the course

Mika Mustikainen

Course materials

Husted, S.L., Melvin, M. 2009. International economics (8th ed.). Pearson Education, Boston, 2009.
Other textbooks to be announced.
Study package of articles instructed by the teacher.

Assessment criteria

Grade/Learning outcomes

1 (Min. 40%
competence level)
3 (Min. 70%
competence level)
5 (Min. 90%
competence level)
Knowledge The student knows the principles of international trade, key concepts and tools for trade finance and theories behind international trade and finance. He/she is familiar with the key concepts of short term financial planning, budgeting and working capital. The student understands concepts of international trade and finance and is able to link decisions to the framework behind them.  He/she is able to use learned concepts of short term financial planning and working capital. The student fully understands advanced international trade and finance theory and tools for planning and decision making.
He/she is able contribute comprehensively in areas of short term financial planning.
Skills The student knows how to use certain concepts and methods in field of international trade and finance in the given decision making situation. The student is mostly able to choose and use different concepts and methods of international trade and finance in different decision making situations. The student is fully capable to cope with practical problems in international trade and finance in different decision making situation when analytically using relevant information.
Competence The student is able to complete tasks with the help of a supervisor and team members. He/she is participating in team meetings during the project work and attending the project presentations. The student is able to clarify him/herself clearly in open discussion situations. The student shows poor service and sales orientation as required by the HH3S policy. The student is mostly able to complete the tasks according to the agreed work plan and capable of actively working on a multicultural team. He/she shows verbal communication skills in the presentations
and takes part in discussions in a decent manner. The student shows good service and sales orientation as required by the HH3S policy.
Communicates professionally with the tutor, project company and multicultural  team members. Completes independently the tasks according to the agreed work plan. Shows a positive attitude and well verbal communication skills in the project presentations. Participates actively and expands discussion. Address clearly own opinions. The student shows excellent service and sales orientation as required by the HH3S policy.

Modes of assessments and their weights

Project Work 40%
Exam 30%
Assignment, Context Handbook writing 20%
Personal presentation of a subject topic 10%

The assessment of one's own learning does not influence the course grade. The assignment is the same for all courses/modules and the answers will also be used for course/module development. The assignment is completed on an E-form.