Магистратура
2025/2026
Международные финансовые институты и рынки
Статус:
Курс по выбору (Международный менеджмент / Master in International Management)
Кто читает:
Департамент финансового менеджмента
Где читается:
Высшая школа бизнеса
Когда читается:
2-й курс, 1, 2 модуль
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
6
Контактные часы:
48
Course Syllabus
Abstract
This course introduces the structure and functioning of the foreign exchange (FX) market, with a particular emphasis on its interconnectedness with other financial markets. A key focus will be on managing the additional dimension of risk that arises when investing in or borrowing foreign currencies.
Each class will incorporate current or historical case studies to contextualize the material, enhance practical understanding, and ensure effective consolidation of concepts.
Learning Objectives
- The objective of this course is to equip students with a comprehensive understanding of the foreign exchange (FX) market and its role within the global financial system. The course aims to develop analytical and practical skills for managing currency risk, understanding exchange rate dynamics, and navigating cross-border financial transactions.
- Students will gain an international perspective on finance by studying how exchange rates are determined, how monetary and fiscal policies interact with currency markets, and how firms and financial institutions manage exposure to foreign exchange risk.
- The course prepares students to make informed decisions in environments where currency movements and international capital flows play a central role – critical for careers in international finance, banking, risk management, or policymaking.
Expected Learning Outcomes
- The objective of this course is to equip students with a comprehensive understanding of the foreign exchange (FX) market and its role within the global financial system. The course aims to develop analytical and practical skills for managing currency risk, understanding exchange rate dynamics, and navigating cross-border financial transactions.
- Students will gain an international perspective on finance by studying how exchange rates are determined, how monetary and fiscal policies interact with currency markets, and how firms and financial institutions manage exposure to foreign exchange risk.
- The course prepares students to make informed decisions in environments where currency movements and international capital flows play a central role – critical for careers in international finance, banking, risk management, or policymaking.
Course Contents
- Interest Rates and Returns
- Monetary and Fiscal Policy
- Balance of Payments and Exchange Rate Management
- Foreign Exchange Markets and Capital Flows
- Currency Valuation and International Parity Conditions
- Risk and Exposure Management
- Active Currency Risk Management Strategies
- International Banking and Capital Markets
- Interest Rate and Currency Swaps
Assessment Elements
- Class quizzes
- Coursework• There is one item of coursework for this module which contributes to the final assessment mark for this module. Coursework: a written essay of a maximum of 750 words (deadline – weeks 7-8) with excel calculations based on case provided. The coursework is designed to check student progress, extend and reinforce concepts covered and test individual performance.
- ExaminationThe final piece of assessment will be an unseen written examination of 2 academic hours’ duration. Active class participation during the lectures and seminars may contribute to the grade when it is required. • You cannot use a phone to make calculations during an exam. You must use a calculator such as a Hewlett Packard (HP) [HP 12C / HP 12C Platinum / 12C Platinum 25th anniversary edition / 12C 30th-anniversary edition / HP 12C Prestige] or Texas Instruments (TI) [ TI BA II Plus / BA II Plus Professional] or another financial calculator • If you send an email to me, please put your class in the subject line [example: Group XXX Student YYY]
Bibliography
Recommended Core Bibliography
- Hull, J. C. (2017). Options, Futures, and Other Derivatives, Global Edition. [Place of publication not identified]: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1538007
Recommended Additional Bibliography
- Weiss, D. M. (2014). Derivatives : A Guide to Alternative Investments. New York, New York: Portfolio. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1126741