FIN 440: International Finance

Larry Schrenk, Instructor

Schedule and Supplements

Topic Number	Date	Topics	Readings
Part I: The Foreign Exchange Market
1, 2 (Top)	1/8-1/14	Introduction and FX Market Overview Learning Objective: TBA Slides: Topic 1, Topic 2	Chapter 1
3, 4 (Top)	1/15-1/21	FX Quotations, the Bid-Ask Spread and Cross Exchange Rates Learning Objective: TBA Slides: Topic 3, Topic 4 Practice Sheet: Spot Rates Handout: FX Abbreviations, Formulae Sheet No Class on MLK Day (1/15)	Chapter 5
5 (Top)	1/22-1/28	Triangular Arbitrage and Forward Markets Learning Objective: TBA Slides: Topic 5 Assignment 1: 5: 1, 2, 4, 5, 6, 7, 9, 10, 12, 13 (Due 2/9 in D2L) NOTE: Problem 5.6 has a typo: it should say “forward premium or discount for the Japanese yen versus the U.S. dollar” (not the Canadian dollar). Remember that all assignments are done as a group and must be submitted to D2L as an Excel spreadsheet with all calculations done in Excel. Handout: Excel Guidelines	Chapter 5
6, 7 (Top)	1/29-2/4	Interest Rate Parity Learning Objective: TBA Slides: Topic 6, Topic 7	Chapter 6
8 (Top)	2/5-2/11	Purchasing Power Parity  Learning Objective: TBA Slides: Topic 8 Assignment 1 due Friday 2/9 in D2L.	Chapter 6
9 (Top)	2/12-2/18	Fisher Effects and Forecasting Learning Objective: TBA Slides: Topic 9 Assignment 2: 6: 1, 2, 3, 4, 5, 6, 7, 8, 11, 12 (Due 2/23D2L) Remember that all assignments are done as a group and must be submitted to D2L as an Excel spreadsheet with all calculations done in Excel.	Chapter 6
10, 11 (Top)	2/19-2/25	Futures and Option Contracts Learning Objective: TBA Slides: Topic 10, Topic 11 Assignment 2 due Friday 2/23 in D2L. Exam 1 Monday 2/19 Formula Sheet (NOTE: You may not use this during the exam.)	Chapter 7
12 (Top)	2/26-3/4	Transaction Exposure Learning Objective: TBA Slides: Topic 12 Assignment 3: 7: 1, 4, 6, 8, 11; 8: 2, 5, 6, 7, 8 (Due 3/16 in D2L) Remember that all assignments are done as a group and must be submitted to D2L as an Excel spreadsheet with all calculations done in Excel.	Chapter 8
Spring Break
Part II: International Investments
13, 14 (Top)	3/12-3/18	Bond and Equity Markets      Learning Objective: TBA Slides: Topic 13, Topic 14 Assignment 3 due Friday 3/16 in D2L.	Chapters 12 and 13
15 (Top)	3/19-3/25	Currency Swaps Learning Objective: TBA Slides: Topic 15	Chapter 14
16 (Top)	3/26-4/1	Portfolio Analysis Learning Objective: TBA Slides: Topic 16 Assignment 4: 12: 1, 3; 13: 1, 2; 14: 1, 3, 8; 15: 2, 5, 10 (Due 4/13 in D2L) Remember that all assignments are done as a group and must be submitted to D2L as an Excel spreadsheet with all calculations done in Excel.	Chapter 15
17 (Top)	4/2-4/8	International Banking and Money Markets Learning Objective: TBA Slides: Topic 17	Chapter 11
Part III: International Financial Management
18 (Top)	4/9-4/15	Capital Structure Learning Objective: TBA Slides: Topic 18 Assignment 4 due Friday 4/13 in D2L. No Class Spring Break Day (4/13)	Chapter 17
19, 20 (Top)	4/16-4/22	Capital Budgeting Learning Objective: TBA Slides: Topic 19, Topic 20 Case: HBS Case      Instructions	Chapter 18
21 (Top)	4/23-4/27	Cash Management Learning Objective: TBA Slides: Topic 21 Assignment 5: 17: 1, 2, 3; 18: 1, 3, 4, 5, 6, 7; 19: 1 (Due 5/4 in D2L)   Remember that all assignments are done as a group and must be submitted to D2L as an Excel spreadsheet with all calculations done in Excel.	Chapter 19
		Exam 2   Date: 8:00-8:50 AM, Wednesday 5/3 Formula Sheet (NOTE: You may not use this during the exam.)    Assignment 4 due Thursday 5/3 in D2L   Case due Thursday 5/3 in D2L