Global Finance (UD)

Objectives; The basic objective of the course is to give the students the basic concepts of global finances as a framework for running effectively businesses in an internationals financial environment
Competences; After competing this course, students will be able to:
• Understand and interpret trends in a rapidly changing global financial environment
• Make basic balance of payment sustainability analyses as well as to assess exchange rate developments
• Assess specific risks in global finances, i.e. foreign exchange risk and country risk
• Understand basic characteristics of trade finance and investment instruments

1. Concept of global finances
2. Balance of payments
3. Exchange rates and foreign exchange markets
4. International parity conditions
5. International monetary system
6. Specific risks in international finance and management of these risks(exchange rate risk, country risk)
7. International trade finance
8. International capital flows (public and private)