Offered

Berwick Summer semester A 2008 (Day)
Caulfield Summer semester A 2008 (Day)
Clayton Summer semester A 2008 (Day)
Gippsland Summer semester A 2008 (Day)
Sunway Summer semester A 2008 (Day)
Peninsula Summer semester A 2008 (Day)

Synopsis

The unit is designed to provide students with the conceptual foundations of the functions and institutions of the international financial system. To impart an understanding and appreciation of the current issues underlying the international area of finance, and to develop a practical understanding of the markets and financial techniques used by international banks and multinational organisations. To develop a practical understanding and appreciation of cultural differences within the area of international banking and finance through an overseas visitation program.

Objectives

The learning objectives of this unit are to:

• compare and contrast the structure of banking and financial markets internationally through an international study program;
• explain parity theories and their application to foreign exchange markets;
• develop a practical understanding and appreciation of culture in the development of national banking and finance activities;
• evaluate academic and professional papers in international banking and finance;
• apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with international banking and finance.

Assessment

Within semester assessment: 50%
Examination (2 hours): 50%

Contact hours

Eight 3-hour seminars over two weeks prior to departure; and over a period of approximately three weeks participation in a series of up to ten 3-hour seminars conducted at international commercial centres.

Prerequisites

AFC2140 or AFF2401 or AFF2631 or AFW2401 or AFW2631.

Prohibitions

AFF3331, AFW3331, AFX3551