units

ECW2721

Faculty of Business and Economics

18 September 2017 22 December 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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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, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
OfferedPeninsula First semester 2012 (Day)
Berwick Second semester 2012 (Day)
Gippsland Second semester 2012 (Day)
Sunway Second semester 2012 (Day)
Coordinator(s)Dr Siang Ng (First semester)

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.

Outcomes

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%

Chief examiner(s)

Dr Jaai Parasnis

Contact hours

3 hours per week

Prerequisites

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

Prohibitions

ECF2721, ECG2721