Monash University Handbook 2011 Undergraduate - Unit

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

Synopsis

This unit focuses on the topics of international finance and trade. This includes the importance of international finance; the balance of payments accounts; the mechanisms for financing international trade; the effect of macroeconomic policies on trade balance; the determination of exchange rates; the operation of foreign exchange
markets and alternative exchange rate systems; foreign investment; foreign exchange risk and operating exposure.

Objectives

The learning goals associated with this unit are to:

1. understand payments among nations and macroeconomic policies to adjust balance of payments disequilibrium
2. study the operation of foreign exchange markets and alternative exchange rate systems
3. acquire essential skills for managing foreign exchange risk and operating exposure
4. explain multinational corporations in international trade and the mechanisms for financing international trade, and
5. demonstrate in the individual assessment task the acquisition of a comprehensive understanding of the topics covered in this unit.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Prerequisites

Students must have passed ECW1101 or ECG1101 before undertaking this unit.

Prohibitions

ECF2721, ECW2721