ECW2721

Trade finance and foreign exchange ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Malaysia: TBA; Peninsula: Dr Siang Ng

Offered:
Gippsland First semester 2005 (OCL)
Malaysia First semester 2005 (Day)
Peninsula First semester 2005 (Day)
Malaysia Second semester 2005 (Day)

Synopsis: The importance of international finance; foreign exchange markets - spot, forward, futures and options markets; the determination of exchange rates; purchasing power parity and interest rate parity; hedging and speculating in foreign exchange markets, Eurodollars and Euro-currencies; aspects of short term and long term financing; operating exposure.

Assessment: Major essay (1500 words): 20% + Tutorial exercises: 10% + Examination (2 hours): 70%

Contact Hours: 3 hours per week

Prerequisites: ECW1101