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Course schedule: days, as listed in the course outline.
Goals
Students taking this elective course should expect to learn the basics of international finance. They will gain skills in choosing sources of external financing, foreign investment and international risk analysis. They will learn through hands-on case studies how to assess risk. In the end, the goal is to provide a state-of-the-art overview of international finance.
Prof. António Marques-Mendes
Office nr.: 417. Tel +351-239-790-548;
Fax +351-239-790-413
Web site
http://www.marques-mendes.com • E-mail
student@marques-mendes.com
Lectures and seminars take place on Monday in Room 1.2 and on Friday in room 2.2, both at 11:00AM.
Tutorials and appointments are available by prior booking through email
Details on Marques Mendes' current research interests and availability to supervise MBA and PhD thesis can be found in his personal web page.
The course employs cases and problems as well as classroom lectures and discussions. We will make use of international as well as domestic examples. Presentation assignments will be due for most sessions. These will be prepared individually. Each student will be expected to participate actively in class discussion. There will be a final exam.
The Course on the Internet
We will make use of the Internet--notably the World Wide Web--for resource material and communication. Indeed this course outline itself will change: the definitive version is the Web site at www.marques-mendes.com/feuc/iif/index_iif_2011-2012.htm. All students must have an email address and Web access. Your default address will be the one assigned by the Course Instructor. Lecture materials, as available, can be downloaded from the Web. (In some cases you will need the Adobe Acrobat reader, Version 6 or higher, available free from Adobe's World Wide Web Site http://www.adobe.com/prodindex/acrobat/readstep.html.). To access it, use iif2011 number ID, and your 4-digit password (ask me) to get in.
To keep up with the world of international finance try the following Web sites:
and much more at Marques-Mendes's Finance Resources on the Web
• José António Porfírio, Gestão Financeira Internacional, Ed. Rei dos Livros, 2003
• VALDEZ, Stephen, Julian Wood, An introduction to global financial markets, 4th ed., Palgrave, 2003. [UCFE 339.7 VAL]
Students should have read the assignments before coming to class. Material covered in the assigned textbook readings will not be repeated in class. Rather, class time will be devoted to lecture and case discussion, applying the material covered in the readings.
Students must choose one of the following grading systems:
A - Standard assessment regime (written final exam )
B - Mixed assessment regime (available only for students with a minimum class attendance of 60%), includes:
Class participation 5%
1 Written Essay + Presentation 10%
1 Final written exam 35%
Final oral examination 50%.
Students failing to pass through project work and oral examination can still register for the standard written examination, but are discouraged to do so because the pass rate is usually very low.
Course Outline | Topic Summaries | Reading List | The Quiz Page | Financial Investments | Marques-Mendes's Resource Page |
(The links to the readings will be provided as we proceed)
Date | # | Topic | ESMI (IM) Chap. | Other Readings, and Materials on the Web | Cases/Assignments |
21/9/11
22/09/101 |
0 1 |
Course Introduction International Finance and the Welfare of Mankind Introduction to globalization and international finance |
MM(1) Globalization and International Finance |
|
Case assignments
|
28-29/10/10 |
2 |
International Financial System and Institutions |
Individual presentations on: IMF, BIS and OECD | ||
12-13/10/11 | 3 |
Introduction to External Accounts
|
Balança de Pagamentos de Portugal Posição do Investimento Internacional de Portugal
|
|
|
12-13/10/11 | 4 | Foreign Exchange Markets and International Payment Systems | The $4 trillion question: what explains FX growth since the 2007 survey? | Online trading session | |
19-20/10/11 |
5 |
International Macroeconomic Interdependence | Current account imbalances |
Reflections on Global Account Imbalances and Emerging Markets Reserve Accumulation |
Apresentações sobre os fluxos financeiros e as formas de interdependência entre grupos de países: Grécia, Irlanda, Zona Euro, USA e Japan |
26-27/10/11 |
6 |
Trade Finance | JAP - Ch. 9 | Trends in Trade & Trade Finance | Individual presentations on: Remittances, Incoterms, Open account and Documentary Credits. Credit Insurance |
02-3/11/11 | 7 | Development Financing: Multilateral Banks | MM | MM&Meica | Individual bank presentations: WB |
09-10/11/11 | 8 | Balance of payments financing: IMF adjustment programs | MM (1,2,3,4,5) | Recycling Petrodollars | Individual bank presentations: EIB |
16-17/11/11 | 9 | International transfers: Development aid | DAC | Individual presentations on adjustment programs for: Argentina | |
23-24/11/11 | 10 | International investment: FDI and Multinationals | HKK; AB | Multinational Corporations | Trends in international aid |
30/11/11 | 11 | International risk |
Country Risk and the choice of
International Business Jurisdictions JAP - Ch. 16 e 17 |
Individual presentation on FDI in Brazil | |
07/12/11 | Individual presentations on risk analysis for CPLP countgries | ||||
14-15/12/11 | 12 | Managing currency risk | How to hedge foreign exchange risk |
Adrian Buckley, Ch. 11-13 |
Forex risk management
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Entrega dos trabalhos | Written essays must be delivered in printed form
at my Office before 12:00PM on the 17th
December 2011 (Nota: as versões em papel devem ser entregues na portaria ou no gabinete do docente. Os anexos em excel devem ser enviados para o endereço: trabalhos_iif2011@marques-mendes.com com o nome do aluno no assunto. |
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Dias de atendimento em Janeiro: | Dia | Dia | |||
Exame 1a. chamada
() Exame da 2a. chamada () |
1/2-Hour Final Oral Exams: |
Notas | Lista dos alunos elegíveis para avaliação continua. Calendário das orais |
Sample quiz page for oral examinations |
Course Outline | Topic Summaries | Reading List | The Quiz Page | Financial Investments | Marques-Mendes's Resource Page |