Faculty of Business and Economics

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Monash University

Monash University Handbook 2011 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

FacultyFaculty of Business and Economics
Monash Passport categoryInternational Short Field Experience (Explore Program)
OfferedCaulfield Summer semester A 2011 (On-campus block of classes)


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.


The learning goals associated with this unit are to:

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


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

Chief examiner(s)

Michael Dempsey

Contact hours

Four 3-hour seminars and up to twelve 2 hour-formal visits to professional bodies and companies during the international component of the programs over approximately 4 weeks.


Students must have passed one of the following: AFC2140, AFF2401, AFF2631, AFG2631, AFW2401 or AFW2631 before undertaking this unit.


AFF3331, AFW3331, AFX3551