Course detail

International finance

FP-FmfPAAcad. year: 2020/2021

The course focuses on the following topics: definition of international finance, risks in international trade, payment terms, payment instruments, hedging, export financing, export credits, export credit insurance.

Language of instruction

Czech

Number of ECTS credits

5

Learning outcomes of the course unit

Students will be able to identify individual needs according to the area of company international activities, they will be aware of the financial backing of these needs, they will be able to define and apply external resources for export financing, as well as methods of hedging.

Prerequisites

Knowledge of corporate finance, knowledge of statement and accounting procedures for entrepreneurs, knowledge of international business.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course contains lectures that explain basic principles, problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

Conditions for passing an exam: Knowledge of taught topics and its practical application.
Form of examination: Combined – a written test and an oral examination if necessary.
Conditions for awarding the course-unit credit: Active participation in exercises will be controlled and assessed by the teacher. Successful completion of a credit test. Presentation of an assignment.

Course curriculum

Topics of lectures are the following:
importance of international finance;
risks of international business;
terms of payments;
short-term export finance;
long-term export finance;
export credit insurance;
export credit agencies.

Work placements

Not applicable.

Aims

The main objective of the course is to provide students with the necessary theoretical knowledge regarding international finance. It requires mastering the up-to-date approaches to defining terms of payment in international finance, payment instruments, hedging, forms of financing and export credit insurance.

Specification of controlled education, way of implementation and compensation for absences

Control of results of independent work on assigned tasks. In case of excused absence from seminars, the teacher can set additional condition if appropriate, usually elaboration of partial written task.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

DURČÁKOVÁ, J. a M. MANDEL. Mezinárodní finance. 4. aktualizované a doplněné vydání. Praha: Management Press, 2010. ISBN 978-80-7261-221-5.
NÝVLTOVÁ, R. a M. REŽŇÁKOVÁ. Mezinárodní kapitálové trhy. Praha: Grada, 2007. ISBN 978-80-247-1922-1.
SÁGHY ESTÉLYI, K. Mezinárodní finance – studijní text k předmětu + e-learning

Recommended reading

BALDWIN, R., Ch. WYPLOSZ a S. ŠAROCH. Ekonomie evropské integrace. Praha: Grada, 2013. ISBN 978-80-247-4568-8.
ČERNOHLÁVKOVÁ, E., A. SATO a J. TAUŠER. Finanční strategie v mezinárodním podnikání. Praha: ASPI, 2007. ISBN 978-80-7357-321-8.
JÍLEK, J. Finance v globální ekonomice I: Peníze a platební styk. Praha, Grada, 2013. ISBN 978-80-247-3893-2.
JÍLEK, J. Finance v globální ekonomice II: Měnová a kurzová politika. Praha, Grada, 2013. ISBN 978-80-247-4516-9.
SHAPIRO, A. C. Multinational Financial Management. 9. ed. University of Southern California, 2010. ISBN 978-0-470-45035-2.

Type of course unit

 

Lecture

20 hours, optionally

Teacher / Lecturer

Syllabus

Topics of lectures are the following:
importance of international finance;
risks of international business;
terms of payments;
short-term export finance;
long-term export finance;
export credit insurance;
export credit agencies.

Guided consultation in combined form of studies

10 hours, optionally

Teacher / Lecturer

Exercise

10 hours, compulsory

Teacher / Lecturer

Syllabus

Risk Management, Payment Methods, Documentary Collection, Insurance Policy of EGAP, Export Credit Agencies and Supported Credits.