Beruflich Dokumente
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Course Objectives
No
CO1 Gain insights into the principles of multinational finance/International Financial Management
CO2 Gain basic understanding of the underlying concepts and building blocks related to
multinational finance
CO3 Understand the application of these concepts in financial decision making using suitable
examples, case studies, simulation, Hedging on Foreign Exchange, International Portfolio
diversification by using Solver etc.
Text Book(s)
T1 David K. Eiteman, Arthur I. Stonehill & Michael H. Moffett, "Multinational Business
Finance", Pearson, 13th edition, 2013.
Content Structure
Learning Outcomes:
No Learning Outcomes
LO 1 Describe the international financial environment in the context of international
fund flows, international financial markets, and international financial agencies,
and how they affect multinational corporations
LO 2 Discuss the relationships among inflation, interest rates, and exchange rates
using the interest rate parity, the purchasing power parity and the international
Fisher effect theories
LO 3 Explain exchange rate determination, and how firms can manage their exchange
rate risk and capitalize on anticipated exchange rate movements
LO 4 Analyze multinational capital budgeting to enable firms to make informed
investment decisions
1. This course will feature experiential learning components in the form of projects and assignments
(Financial modeling, analysis, case studies, simulations etc.) that are designed to enable the
participants to learn by doing. This will also form part of the Evaluation Components for the
course.
2. Please note that experiential learning components are integrated into the following modules:
Module Topic Experiential Learning
Component
2 Foreign Exchange-Hedging
3 Multinational Exchange Rate
Exposure
4 Financing the Multinational Firm –
International Portfolio diversification
5 Foreign Investments – Capital
Budgeting Techniques
Pre CH 1.1.1 Review Course Handout/ List Chapter 1 of text book (T1)
your expectations from this
course
During 1.1.1 to 1.1.3 Financial Globalization and Chapter 1 of text book (T1)
CH Risk, The Global Financial
Market Place, The Theory of
Competitive Advantage
Post CH 1.1.1 to 1.1.3 Review reference chapters from Chapter 1 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 2
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.1.1 to 1.1.3 Review Course Handout/ List Chapter 1 of text book (T1)
your expectations from this
course
Post CH 1.1.4 to 1.1.6 Review reference chapters from Chapter 1 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 3
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.1.1 to 1.1.6 Review previous week's topics. Chapter 2 of text book (T1)
During 1.2.1 Who owns the business? Chapter 2 of text book (T1)
CH
Post CH 1.2.1 Review reference chapters from Chapter 2 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 4
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.2.1 Review previous week's topics. Chapter 2 of text book (T1)
Post CH 1.2.2 Review reference chapters from Chapter 2 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 5
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.2.1 to 1.2.2 Review previous week's topics. Chapter 3 of text book (T1)
During 1.3.1, 1.3.2 History of IMF and its Chapter 3 of text book (T1)
CH classification
Post CH 1.3.1, 1.3.2 Review reference chapters from Chapter 3of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 6
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.3.1, 1.3.2 Review previous week's topics. Chapter 3of text book (T1)
During 1.3.3, 1.3.4 Fixed vs. Flexible Exchange Chapter 3 of text book (T1)
CH Rates, Emerging Markets
Post CH 1.3.3, 1.3.4 Review reference chapters from Chapter 3of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 7
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.3.1 to 1.3.4 Review previous week's topics. Chapter 4 of text book (T1)
Post CH 1.4.1 to 1.4.3 Review reference chapters from Chapter 4 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 8
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.4.1 to 1.4.3 Review previous week's topics. Chapter 4 of text book (T1)
Post CH 1.4.4 to 1.4.6 Review reference chapters from Chapter 4 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 9
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 1.4.1 to 1.4.6 Review previous week's topics. Chapter 6 of text book (T1)
Post CH 2.1.1 Review reference chapters from Chapter 6 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 10
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 2.1.1 Review previous week's topics. Chapter 6 of text book (T1)
During 2.1.2, 2.1.3 Market Participants, Foreign Chapter 6 of text book (T1)
CH Exchange Rates
Post CH 2.1.2, 2.1.3 Review reference chapters from Chapter 6 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 11
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 2.1.1 to 2.1.3 Review previous week's topics. Chapter 7 of text book (T1)
During 2.2.1, 2.2.2 Prices and Exchange Rates, The Chapter 7 of text book (T1)
CH Forward Rate
Post CH 2.2.1, 2.2.2 Review reference chapters from Chapter 7 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 12
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 2.2.1, 2.2.2 Review previous week's topics. Chapter 7 of text book (T1)
During 2.2.3 Prices, Interest rates and Chapter 7 of text book (T1)
CH exchange rates
Post CH 2.2.3 Review reference chapters from Chapter 7 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 13
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 2.2.1 to 2.2.3 Review previous week's topics. Chapter 8 of text book (T1)
During 2.3.1, 2.3.2 Foreign Currency Futures, Chapter 8 of text book (T1)
CH Option pricing and valuation
Post CH 2.3.1, 2.3.2 Review reference chapters from Chapter 8 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 14
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 2.3.1, 2.3.2 Review previous week's topics. Chapter 8 of text book (T1)
Post CH 2.3.3 Review reference chapters from Chapter 8 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 15
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 2.3.1 to 2.3.3 Review previous week's topics. Chapter 9 of text book (T1)
During 3.1.1, 3.1.2 Exchange Rate, Currency Chapter 9 of text book (T1)
CH Market
Post CH 3.1.1, 3.1.2 Review reference chapters from Chapter 9 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 16
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.1.1 to 3.1.2 Review previous week's topics. Chapter 9 of text book (T1)
Post CH 3.1.3 Review reference chapters from Chapter 9 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 17
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.1.1 to 3.1.3 Review previous week's topics. Chapter 10 of text book (T1)
Post CH 3.2.1 Review reference chapters from Chapter 10 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 18
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.2.1 Review previous week's topics. Chapter 10 of text book (T1)
Post CH 3.2.2 Review reference chapters from Chapter 10 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 19
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.2.1 to 3.2.2 Review previous week's topics. Chapter 11 of text book (T1)
During 3.3.1 Overview of Translation and its Chapter 11 of text book (T1)
CH Methods
Post CH 3.3.1 Review reference chapters from Chapter 11 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 20
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.3.1 Review previous week's topics. Chapter 11 of text book (T1)
Post CH 3.3.2 Review reference chapters from Chapter 11 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 21
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.3.1 to 3.3.2 Review previous week's topics. Chapter 12 of text book (T1)
Post CH 3.4.1 Review reference chapters from Chapter 12 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 22
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.4.1 Review previous week's topics. Chapter 12 of text book (T1)
Post CH 3.4.2 Review reference chapters from Chapter 12 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 23
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 3.4.1 to 3.4.2 Review previous week's topics. Chapter 13 of text book (T1)
Post CH 4.1.1 Review reference chapters from Chapter 13 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 24
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 4.1.1 Review previous week's topics. Chapter 13 of text book (T1)
During 4.1.2 The Demand for Foreign Chapter 13 of text book (T1)
CH Securities
Post CH 4.1.2 Review reference chapters from Chapter 13 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 25
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 4.1.1 to 4.1.2 Review previous week's topics. Chapter 14 of text book (T1)
During 4.2.1, 4.2.2 Designing a strategy, Optimal Chapter 14 of text book (T1)
CH Financial Structure
Post CH 4.2.1, 4.2.2 Review reference chapters from Chapter 14 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 26
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 4.2.1 to 4.2.2 Review previous week's topics. Chapter 14 of text book (T1)
During 4.2.3 Raising debt and equity globally Chapter 14 of text book (T1)
CH
Post CH 4.2.3 Review reference chapters from Chapter 14 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 27
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 4.2.1 to 4.2.3 Review previous week's topics. Chapter 16 of text book (T1)
Post CH 5.1.1, 5.1.2 Review reference chapters from Chapter 16 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 28
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 5.1.1, 5.1.2 Review previous week's topics. Chapter 16 of text book (T1)
During 5.1.3 National Markets and Asset Chapter 16 of text book (T1)
CH Performance
Post CH 5.1.3 Review reference chapters from Chapter 16 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 29
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 5.1.1 to 5.1.3 Review previous week's topics. Chapter 17 of text book (T1)
Post CH 5.2.1 Review reference chapters from Chapter 17 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 30
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 5.2.1 Review previous week's topics. Chapter 17 of text book (T1)
Post CH 5.2.2 Review reference chapters from Chapter 17 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 31
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 5.2.1 to 5.2.2 Review previous week's topics. Chapter 18 of text book (T1)
Post CH 5.3.1 Review reference chapters from Chapter 18 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Contact Hour 32
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH 5.3.1 Review previous week's topics. Chapter 18 of text book (T1)
During 5.3.2 Project vs. Parent Valuation Chapter 18 of text book (T1)
CH
Post CH 5.3.2 Review reference chapters from Chapter 18 of text book (T1)
textbook; replay videos as needed
to clarify understanding
Evaluation Scheme:
Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session
No Name Type Duratio Weight Day, Date, Session, Time
n
EC-1 Experiential 25% To be announced
Learning
Assignments
-2
EC-2 Mid-Semester Closed Book 2 hours 30% Sunday, 08/03/2020 (AN)
Test 2 PM – 4 PM
EC-3 Comprehensive Open Book 3 hours 45% Sunday, 03/05/2020 (AN)
Exam 2 PM – 5 PM
Syllabus for Mid-Semester Test (Closed Book): Topics in Contact Nos. 1 TO 16 (will be discussed in class)
Syllabus for Comprehensive Exam (Open Book): All topics
Important links and information:
Elearn portal: https://elearn.bits-pilani.ac.in
Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest announcements and
deadlines.
Contact sessions: Students should attend the online lectures as per the schedule provided on the Elearn portal.
Evaluation Guidelines:
1. EC-1 consists of either two Assignments. Students will attempt them through the course pages on the Elearn
portal. Announcements will be made on the portal, in a timely manner.
2. For Closed Book tests: No books or reference material of any kind will be permitted.
3. For Open Book exams: Use of books and any printed / written reference material (filed or bound) is permitted.
However, loose sheets of paper will not be allowed. Use of calculators is permitted in all exams.
Laptops/Mobiles of any kind are not allowed. Exchange of any material is not allowed.
4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student should follow
the procedure to apply for the Make-Up Test/Exam which will be made available on the Elearn portal. The
Make-Up Test/Exam will be conducted only at selected exam centres on the dates to be announced later.
It shall be the responsibility of the individual student to be regular in maintaining the self-study schedule as given in the
course handout, attend the online lectures, and take all the prescribed evaluation components such as Assignment/Quiz,
Mid-Semester Test and Comprehensive Exam according to the evaluation scheme provided in the handout.