Undergraduate - UnitECF2721 - Trade finance and foreign exchange

This unit entry is for students who completed this unit in 2013 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

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Berwick First semester 2013 (Day) Caulfield First semester 2013 (Day)
Coordinator(s)	Dr Horag Choi

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 effect of macroeconomic policies on trade balance; foreign exchange markets-spot; forward; futures and options markets; the determination of exchange rates; parity conditions; hedging and speculation in foreign exchange markets; foreign investment; trade barriers.

Outcomes

The learning goals associated with this unit are to:

understand the concept of payments among nations and macroeconomic policies
understand the operation of foreign exchange markets and alternative exchange rate systems
understand the multinational corporations in international trade
understand trade barriers: tariffs and nontariff trade barriers