Curricula

Objectives

Course Level Intended Learning Outcomes: You will understand how multinational companies manage their finance, investment and accounting operations globally. You will have several opportunities to develop an understanding of international financial markets and available major financial tools. You will also learn how to use financial tools in managing multifarious financial and non-financial fallout emanating from the fluctuations in the foreign exchange markets, specifically.

You will be able to understand, explore, and analyze multiple financial aspects in the context of multinational corporations. You will learn various conceptual aspects, and their practical applications from the point of view of investors, corporate finance managers, wealth managers, financial analysts, and various other stakeholders.

You will get several opportunities to familiarize with the following Course Level Intended Learning Outcomes (ILOs) of Global Financial Management course of the JAMK as below-

Skills in Critical and Analytical Understanding (IBCRI)- Critically review, analyze and understand the information available from academic and professional business sources.
Reviewing academic literature critically, analyzing and evaluating financial and other business data of MNCs, deliberating diverse approaches, comparing the resultant outcomes, and making value additive informed financial decisions and action plans in the context of global financial transactions. Understanding, exploring, and analyzing multiple theoretical and applied aspects in the context of global financial management measures of the MNCs. Understanding conceptual aspects, and their practical applications from the point of view of investors, and finance managers, in the field of corporate risk management, corporate finance, international finance, accounting information analysis, strategic management accounting, financial institutions and markets, personal finance, etc. Corporate managers aim to find reliable and valid information for decision making by conducting independent research. This requires conducting the literature review of current global financial management issues in the light of underpinning theories, identifying a suitable research topic and forming the relevant research questions. The process continues by choosing an appropriate research method or methods, the collection of data and subsequent analyses, and drawing conclusions and recommendations from the results.
You can identify, outline, master, analyze, and synthesize the core concepts with respect to financial risk exposure caused by the fluctuations in the foreign exchange markets, changes in the global business environment and regulatory changes at the multinational corporation level as well as the subsidiary level. You will be encouraged to explore and utilize a large variety of literature related to academics, corporate sector and regulatory bodies.

Applied Business Skills (IBBUS)- Apply disciplinary and interdisciplinary knowledge to analyze business challenges and global trends to propose or put into action practical business solutions based on the findings.
Analyzing financial global financial challenges and trends of Multinational Corporations (MNCs) by applying disciplinary and interdisciplinary knowledge and practical skills gained from various disciplines including Economics, Management Accounting, Financial Management, and Corporate Governance. For an MNC, which is constantly facing the tasks of identifying risks to investment and finance, minimizing exposure to various possible risks, designing risk management strategy, both, to the parent firm and its subsidiaries, and based thereon ability of making informed decisions, this course helps students to understand several concepts, and analyze practical application of these concepts in different situations of global businesses and investments contexts. Data analysis techniques, using quantitative financial analysis, investment analysis, financial forecasting, etc. are applied to solve complex business problems
You will assess various types of risks and learn to apply various techniques to do risk management efficiently. You are encouraged to analyze the core financial concepts and to synthesize the various dimensions of theoretical concepts and their applications into coherent financial information and their interpretations, inferences and implications. For this purpose, you will be required to gather, analyze and apply financial data, for example in the context of exchange rate movements and make interpretations and draw inferences by applying diverse and interdisciplinary knowledge. The role of interdisciplinary knowledge is of paramount importance since in the global business world it is highly important to understand economic systems, political climate, behavioral aspects, technological advancements, social systems, global business environment, institutional settings, and legal practices, for example. You will also develop your intellectual skills concerning micro, and macro-financial policies from the multiple stakeholders’ perspectives and understand the major variables that make up the financial structure of the firms and their interactions with the corporate strategic decision-making and business operations. You will understand and underpin the factors emanating from the financial activities of the firms and global financial developments, risks and challenges, that affect business operations, strategies, and planning. The above aspects will help you to develop your decision-making skills in the context of complex business scenario.

Communication Skills (IBCOM)- Communicate responsibly and effectively in English through oral, written and digital formats in academic and professional contexts.
Since in this course communicating the inferences made and interpretations drawn based on the business and economic data analysis responsibly, effectively and professionally in English, including in written reports, formal correspondence, and on social media, are highly important, therefore, you will need to develop your Communication Skills (IBCOM). Analyzing and synthesizing of the fundamental economic concepts carrying multiple as well as conflicting interpretations will help you to express views and opinions in a clear, coherent and orderly manner.

Ethical Conduct (IBETH)-
Ethical, Sustainable and Responsible Conduct (IBESR) ILO focuses on safeguarding interests of different stakeholders in an unbiased manner to promote the corporate value system, which is humane, fair and equitable. As a student, you need to acquire a moral and ethical mindset to ascertain and disclose true and unbiased business and economic scenarios and their fallouts.

Content

International Financial Markets and Institutions
Financial Risk Management-Forwards, Futures, Options and Swaps
MNC’s foreign currency risk exposure- Transaction Exposure, Translation Exposure and Economic Exposure.
Global Business Ethics and Governance

Time and location

Spring-Autumn semester each academic year.

Learning materials and recommended literature

Lecture slides, case studies, spreadsheets, textbooks, research articles, videos, assignments, online resources etc. Please check learning platform on regular basis.

Main text book options
-Richard A. Brealey, Stewart C. Myers and Franklin Allen, Principles of Corporate Finance, 13th Edition (2019). The McGraw-Hill.
- Stephen Ross and Randolph Westerfield and Jeffrey Jaffe and Bradford Jordan, Corporate Finance, 12th Edition (2018). The McGraw-Hill.
- Jonathan Berk and Peter DeMarzo, Corporate Finance, 5th Edition (2020). Pearson.

Other text books
-Mark Grinblatt and Sheridan Titman, Financial Markets & Corporate Strategy,
- Glen Arnold, Corporate Financial Management
- Stephen Lofthouse, Investment Management
- Jeff Madura, International Financial Management
-Or any other text on introductory Financial Management

On-line sources
• https://www.youtube.com/channel/UCeZf5FUwF9LrvdnjXhiCGKQ/videos
The above channel is run by the lecturer himself.
• https://www.investing.com
• https://uk.finance.yahoo.com
• https://finance.yahoo.com
• http://www.nasdaqomxnordic.com
• http://www.worldbank.org
• http://www.oecd.org
• https://www.bloomberg.com
• https://www.reuters.com
• https://www.bbc.com
• http://ssrn.com
• http://www.imf.org
• http://www.ifc.org
• http://www.nytimes.com

Teaching methods

Fully online. Course is based on individual assignments.

Exam dates and retake possibilities

There is no exam required in this course. Completion of the course is based on individual assignments.

International connections

Both degree and exchange students do this course.

Student workload

You will be required to required to invest 135 hours approximately and the break up of the total time is as below:
Study material and contents: 75
Assignment Preparations: 50 Hours
Miscellaneous: 10 Hours

Further information for students

Exchange students: 20 places (included in the total capacity)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Grade 1 and 2: You will get a grade of ‘one’ if you are able to demonstrate a basic level of evidence of the following ILOs- Analytical Business Skills (IBBUS), Critical Thinking (IBCRI) and Communication Skills (IBCOM).
You will get a grade of ‘two’ if you are able to demonstrate satisfactory level of evidence of in the following ILOs - Analytical Business Skills (IBBUS), Critical Thinking (IBCRI) and Communication Skills (IBCOM).

Evaluation criteria, good (3-4)

You will get a grade of ‘three’ if you are able to demonstrate good level of evidence of in the following ILOs- Analytical Business Skills (IBBUS), Critical Thinking (IBCRI) and Communication Skills (IBCOM).
You will get a grade of ‘four’ if you are able to demonstrate an excellent level of evidence of in the following ILOs- Analytical Business Skills (IBBUS), Critical Thinking (IBCRI) and Communication Skills (IBCOM) and at the same time good level of Ethical, Sustainable and Responsible Conduct (IBESR).

Evaluation criteria, excellent (5)

You will get a grade of ‘five’ if you are able to demonstrate an excellent level of evidence of in the following ILOs- Analytical Business Skills (IBBUS), Critical Thinking (IBCRI) and Communication Skills (IBCOM) and Ethical, Sustainable and Responsible Conduct (IBESR).