International Finance

The details
Essex Business School
Colchester Campus
Undergraduate: Level 6
Sunday 17 January 2021
Friday 26 March 2021
25 June 2020


Requisites for this module
BE311 or BE313



Key module for

BSC N300 Finance,
BSC N301 Finance (Including Foundation Year),
BSC N302 Finance (Including Year Abroad),
BSC N304 Finance (Including Placement Year),
BSC N3T1 Finance with Mandarin,
BSC N340 Financial Management,
BSC N343 Financial Management (Including Placement Year),
BSC NH40 Financial Management (Including Year Abroad)

Module description

This course focuses on the basic knowledge of models on exchange rate determination and provides information on different theories of international finance.

Module aims

This course has three elements. The first aims to provide students with a thorough understanding of the basic international arbitrage relationships and introduce them to some basic models of exchange rate determination. The second aims to build upon this economics based approach, covering topics such as models of currency crisis, and the South American and East Asian Crisis. The final element aims to provide students with insight into international markets from the perspective of a multinational firm, where topics such as the international cost of capital, international portfolio investment, and foreign direct investment are covered.

Module learning outcomes

On successful completion of the module, students will be able to:
describe the basic international arbitrage relationships and understand fundamental aspects of the basic models of exchange rate determination. Further, you will have a good grasp of some current issues in international finance and be able to offer some insight into the challenges faced by multinational firms.

Module information

Skills for Your Professional Life (Transferable Skills)
After completing this module, students have developed and improved the following employability-related skills:

* Gain knowledge about the fundamental concepts of international arbitrage relationships.
* Develop your research skills through the use of exchange rate data from Bloomberg and other databases
* Improve your awareness about different theories of international finance.
* Study and analyse the challenges faced by the multinational firms.

Learning and teaching methods

This Module is normally delivered through: One two-hour lecture per week for ten consecutive weeks. You are expected to do the relevant reading outlined in the lecture and class programme. It is strongly recommended that you also do additional reading to supplement the lecture material. A 1-hour class every fortnight. These will be in weeks 17,19,21,23,25 and 18,20,22,24,30 depending on your allocated group. Finally, there is a review session in the summer term. In academic year 2020-2021 the delivery is likely to be different and involve online learning.


This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework   ASSIGNMENT      
Exam  120 minutes during Summer (Main Period) (Main) 

Overall assessment

Coursework Exam
30% 70%


Coursework Exam
30% 70%
Module supervisor and teaching staff
Dr Udichibarna Bose, email:
Udichibarna Bose & Stefano Filomeni



External examiner

Prof Christos Ioannidis
Aston University
Available via Moodle
Of 58 hours, 58 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information
Essex Business School

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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