Course Description

Course Name

International Finance

Session: VSOS3221

Hours & Credits

3 Credits

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.



In the first half of this course, we study international macroeconomics. Topics include the balance of payment accounting, the determination of exchange rate, the effects of macroeconomic policy on exchange rate, and the exchange rate system. This theoretical apparatus will provide you with the basic framework which is useful to understand how the world economy as ?international business environment? evolves.

In the second half of this course, we move on to the topics of foreign exchange and derivative markets. Using the knowledge on financial derivatives, we further study how firms engage in various hedging activities to avoid foreign exchange risks.

This course is quite analytical, and focuses on the concept rather than the case.

Main Textbooks

  • Krugman, P., Obstfeld, M., and Melitz, M. International Economics: Theory and Policy (9th edition, Pearson, 2012)
  • Shapiro, A. C. Multinational Financial Management (9th edition, Wiley, 2010)


*Course content subject to change