Finanças Internacionais

Código:

2FI05

Sigla:

IF

Áreas Científicas
Classificação	Área Científica
OFICIAL	Estudos de Gestão

Ocorrência: 2013/2014 - 1S (de 09-09-2013 a 20-12-2013)

Ativa?	Sim
Unidade Responsável:	Agrupamento Científico de Gestão
Curso/CE Responsável:	Mestrado em Finanças

Ciclos de Estudo/Cursos

Sigla	Nº de Estudantes	Plano de Estudos	Anos Curriculares	Créditos UCN	Créditos ECTS	Horas de Contacto	Horas Totais
CCG	0	Plano Oficial de Bolonha	2	-	3,5	27	94,5
MIF	74	Plano de estudos 2012/2013	1	-	3,5	27	94,5

Língua de trabalho

Inglês

Objetivos

The aim of the course is to provide tools and techniques for supporting the decion-making for companies acting in an international context. We will address issues related to the international finance environment and related to the exchange rates forecast. Techniques for measuring exchange rate exposure and tools to manage this exposure will be studied.
Topics on multinational capital budgeting will be also addressed, including country risk analysis and estimation of the international cost of capital.

Resultados de aprendizagem e competências

To develop the necessary skills to solve problems and take decisions in a multinational environment.

Modo de trabalho

Presencial

Programa

1. The international financial environment
1.1 The multinational financial management
1.2 The international flows of funds
1.3 International financial markets
1.4 The determination of the exchange rate
1.5 The currency derivatives

2. The exchange rates behavior
2.1 The influence of governments
2.2 The international arbitrage and interest rate parity
2.3 The relationships among interest rate, inflation rate and exchange rate

3. The exchange rate risk management
3.1 Forecasting the exchange rate
3.2 Measuring exposure to exchange rates fluctuations
3.3 Managing transaction exposure
3.4 Managing economic exposure and translation exposure

4. The international investment decisions
4.1 Foreign direct investment
4.2 Multinational capital budgeting
4.3 Country risk analysis
4.4 Multinational cost of capital

Bibliografia Obrigatória

Madura, Jeff; International Financial Management,, South-Western College Pub, 2010
Eitman, D.K, Stonehill, A.J. e Moffett, M.H.; Multinational Business Finance, Addison Wesley, 2006
Eun, C. e Resnick, B.; International Financial Management,, McGraw-Hill, 2008

Bibliografia Complementar

Levi, Maurice D.; International Finance: The Markets and Financial Management of Multinational Business, McGraw-Hill, 1990

Métodos de ensino e atividades de aprendizagem

The teaching method includes moments where the main theoretical and conceptual aspects will be presented, and also moments where concepts and theories will be applied by solving real-world problems and case studies.

Distributed evaluation with final exam.

Tipo de avaliação

Avaliação distribuída com exame final

Componentes de Avaliação

Designação	Peso (%)
Exame	60,00
Trabalho escrito	40,00
Total:	100,00

Fórmula de cálculo da classificação final

Assignment: 40% (2 or 3 students). Delivery: last session.
Final exam: 60%.

Provas e trabalhos especiais

Possible topics for the Group Group Assignment include: literature review of a topic of the syllabus, or a practical report about the exchange risk management activities of a company, or about the international capital budgeting process/management.