Course Overview:

This course focuses on the principles and practices of managing financial resources in an international context. Students will examine foreign exchange markets, risk management, capital budgeting for multinational firms, and sources of international financing. Topics include foreign exchange risk, international capital structure, and multinational working capital management. Practical exercises and case studies will emphasize strategies to optimize financial performance in the face of currency fluctuations, differing tax regimes, and regulatory environments. The course will also cover Financial Markets and Services in Global Business, including the operation of global capital markets, roles of international financial institutions, currency markets, exchange rate systems, hedging strategies, interest rate parity, international portfolio diversification, and the roles of institutions such as the IMF and World Bank. Students will also assess country and political risk, analyze the implications of monetary policy and sovereign debt, and study financial crises in a global context.

Prerequisite:

  • The students must have completed grade 12 or equivalent education, or mature student status (19 years or older).
  • All applicants must meet one of the following Language Proficiency Requirements (LPR):
    • Completion of 2 years of secondary education (including English 10 and 11 with grade of ‘C’ or higher) from a country where English is one of the principal languages, or
    • Completion of 2 years of full-time post-secondary education at an accredited institution where English is the language of instruction, or
    • Students from non-English speaking countries must have completed grade 12 or equivalent education and provide verified results for one of the English Language Proficiency tests with minimum scores listed below:
      • IELTS 6.0, TOEFL 50, CAEL 45, CELPIP 6.5, DET 105, PTE 47, PCE 175, CAMBRIDGE B2 Level, LANGUAGECERT B2 Level, MET B2 Level, ITEP 3.8, EIKEN Grade Pre-1. or
    • Provide proof of achieving at least 65% in Grade 12 English (or equivalent) from a recognized institution.
  • Mature Student Applicants
    • Applicants who are 19 years of age or older at the start of the program, are Canadian citizens or permanent residents, and are unable to provide official secondary or post-secondary education records may demonstrate English proficiency by:
      • Submitting a signed attestation confirming they have completed at least three years of full-time education in English in a country where English is one of the primary languages and
      • Completing the Accuplacer English Assessment (Next Generation: Reading, Writing, and WritePlacer) with the following minimum scores:
        • Reading: 235
        • Writing: 235
        • WritePlacer: 4

Learning Outcomes:

Upon successful completion of this course, the students will be able to:

  • Explain the structure and function of international financial markets, including key institutions such as the IMF and World Bank.
  • Analyze exchange rate systems and determine the impact of currency fluctuations on international business operations.
  • Evaluate foreign exchange risk and develop hedging strategies using forward contracts, options and swaps.
  • Apply concepts like interest rate parity, purchasing power parity, and balance of payments in assessing financial decisions.
  • Assess international portfolio management strategies and the implications of capital mobility and sovereign risk.
  • Critically examine the causes and consequences of financial crises in a global context, and evaluate multinational financial strategies.

Course Content & Topics:

Class 1: Introduction to International Financial Management
Class 2: Global Financial Institutions
Class 3: Balance of Payments and Trade Flows
Class 4: Foreign Exchange Markets
Class 5: Exchange Rate Systems
Class 6: Interest Rate and Purchasing Power Parity
Class 7: Currency Risk Management
Class 8: Derivatives for Hedging
Class 9: Global Capital Budgeting
Class 10: International Portfolio Diversification
Class 11: Country and Political Risk
Class 12: Global Financing Decisions
Class 13: International Financial Crises
Class 14: Multinational Financial Strategy and Ethics

Credit Information:

  • Credits: 3

Duration:

  • 14 Weeks: 3 hrs/week

Course & Related Fees:

  • Domestic & International: $700 (Seven hundred dollars)

For a detailed breakdown, please refer to Policy #S-005 Programs & Course Fee Schedule

Non-Refundable Fees:

  • Application Fee: $50.00/course (payable online and non-refundable)