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Regular version of the site
Master 2024/2025

International Finance

Type: Elective course (Economics and Economic Policy)
Area of studies: Economics
Delivered by: School of Finance
When: 2 year, 1, 2 module
Mode of studies: offline
Open to: students of all HSE University campuses
Master’s programme: Economics and Economic policy
Language: English
ECTS credits: 6

Course Syllabus

Abstract

Integration and globalization of the modern world require a deepunderstanding of international finance. This course focuses on explanationof up-to-date theories of international finance and on its practical realworld applications. Effective corporate decision making requires a deepunderstanding of the international financial markets, in particular\ thiscourse will cover foreign exchange markets and world capital markets.Moreover, hedging strategies and risk management are necessary for effectivefinancial management.*FES students should enroll in the groups:М_МФ_Г_796584_1М_МФ_Г_796584_2М_МФ_Г_796584_3М_МФ_Г_796584_4М_МФ_Г_796584_5.
Learning Objectives

Learning Objectives

  • To build a theoretical framework of international finance questions
  • To develop a practical guide for solving international finance problems
  • To demonstrate the controversial issues of international finance through discussions and papers
Expected Learning Outcomes

Expected Learning Outcomes

  • Understand how globalized world works
  • To be able to approach and solve real-world international finance problems
  • Understand controversial issues of international finance
  • To know the theoretical framework of international finance issues
Course Contents

Course Contents

  • Multinational Financial
  • International Financial Markets
  • International Capital Markets
  • Multinational Capital Structure and Capital Budgeting
  • Risk Management and Hedging
  • Systemic Risk
Assessment Elements

Assessment Elements

  • non-blocking Participation
  • non-blocking Assignment
  • non-blocking Term paper and defense of your project
  • non-blocking Assignment (report)
Interim Assessment

Interim Assessment

  • 2024/2025 2nd module
    0.45 * Term paper and defense of your project + 0.25 * Assignment + 0.15 * Assignment (report) + 0.075 * Participation + 0.075 * Participation
Bibliography

Bibliography

Recommended Core Bibliography

  • Baker, H. K., & Riddick, L. A. (2013). International Finance : A Survey. Oxford: Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2096885
  • Foundations of multinational financial management, Shapiro, A. C., 2009
  • International finance : theory into practice, Sercu, P., 2009
  • International financial management, Bekaert, G.J., 2014
  • International financial management, Eun, C. S., 1998
  • Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2015). International Finance: Theory and Policy, Global Edition (Vol. Tenth edition, Global edition). Harlow, Essex: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419051
  • Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946

Recommended Additional Bibliography

  • Terra, C. (2015). Principles of International Finance and Open Economy Macroeconomics : Theories, Applications, and Policies. London: Academic Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1003163

Authors

  • NEPRYAKHINA ULYANA VIKTOROVNA
  • KARAMYSHEVA MADINA RINATOVNA