Undergraduate - UnitECW2721 - 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	Peninsula First semester 2013 (Day) Berwick Second semester 2013 (Day) Sunway Second semester 2013 (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:

understand payments among nations and macroeconomic policies to adjust balance of payments disequilibrium
study the operation of foreign exchange markets and alternative exchange rate systems
acquire essential skills for managing foreign exchange risk and operating exposure
explain multinational corporations in international trade and the mechanisms for financing international trade, and
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: 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