BUS 454: International Financial Management/Capital Markets
Introduction to the environment of international financial management and aspects of capital markets, including the international monetary system, balance of payments, parity conditions in the foreign exchange market and selected investment topics. Presentation of foreign exchange markets,domestic and international investment analysis, domestic and international capital markets and derivatives, using concepts learned in Business 351: the efficient market hypothesis, discounted cash flow analysis, modern portfolio theory and static capital structure theory. Students are also exposed to financial engineering and option theory in order to understand foreign exchange forward and futures contracts and foreign exchange options, which are important hedging securities. Case studies included.
Use of computerized spreadsheet required.
ECON 290 is recommended prior to taking this course.
Prerequisites: Corporate Financial Management,