International Finance (L3)

Code School Level Credits Semesters
BUSI3014 Business 3 10 Autumn UK
Code
BUSI3014
School
Business
Level
3
Credits
10
Semesters
Autumn UK

Summary

This module discusses and analyses the management of the international finance function of firms. Typical issues include: Foreign Exchange markets, foreign exchange and other international risks, international financial markets, international investment decisions and foreign trade.

Target Students

Part I and II Business School undergraduate students and Part II BSc Hons Financial Mathematics students. Students must have taken BUSI1020 Business Finance AND BUSI2146/BUSI2191 Corporate Finance. Also available to Erasmus students.

Co-requisites

Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:

Classes

11 one-hour lectures and 4 one-hour seminars at regular intervals during the module.

Assessment

Assessed by end of autumn semester

Educational Aims

To develop an in-depth understanding of international finance and financial markets.To analyse risks that exist in international finance, including foreign exchange, foreign trade and investment risks, and to select and use appropriate techniques to manage such risks.

Learning Outcomes

Knowledge and understanding
This module develops a knowledge and understanding of:
•    The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk
•    The development, access and operation of markets for resources, goods and services
•    The sources, uses and management of finance
•    The use of accounting and other information systems for planning, control, and decision making
•    The use of accounting and other information systems for managing financial risk
•    The use of risk management techniques and business continuity planning to help maximise achievement of strategic objectives on the economic, social and environmental conditions of the future.
•    The different approaches for segmentation, targeting, positioning, generating sales and the need for innovation in product and service design
•    Economic policy at the macroeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
•    The development of strategic priorities to deliver business at speed in an environment where digital technology has reshaped traditional revenue and business models

Intellectual skills
This module develops:
•    The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
•    The ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making
•    Conceptual and critical thinking, analysis, synthesis and evaluation

Professional practical skills
This module develops:
•    Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena
•    Self-analysis and awareness/sensitivity to diversity in terms of people and cultures. This includes a continuing appetite for development.
•    People management, to include communications, team building, leadership and motivating others
•    Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty
•    The ability to act entrepreneurially to generate, develop and communicate ideas, manage and exploit intellectual property, gain support and deliver successful outcomes

Transferable (key) skills
This module develops:
•    Communication and listening including the ability to produce clear, structured business communications in a variety of media
•    An awareness of the interpersonal skills of effective listening, negotiating, persuasion and presentation and their use in generating business contacts
•    Ability to work collaboratively both internally and with external customers and an awareness of mutual interdependence
•    Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time
•    Ability to work with people from a range of cultures
•    Articulating and effectively explaining information
•    Building and maintaining relationships

Conveners

View in Curriculum Catalogue
Last updated 07/01/2025.