International Financial Management
725
Winter Quarter 2006
|
INSTRUCTOR: |
Ingrid M. Werner |
|
OFFICE: |
818 Fisher Hall |
|
CLASS TIMES: |
Mondays and
Wednesdays, |
|
CLASSROOM: |
Shoenbaum Hall 215 |
|
OFFICE HOURS: |
Tuesdays, |
|
E-MAIL: |
|
|
PHONE: |
(614) 292-6460 |
Class Updates
Last Updated: March 17, 2006
Course
Outline and Schedule (.pdf)
Brief Course Description (below)
Schedule (.htm)
Links to International Finance Web-Sites
Slides for
Session
1 and Session
2
Documents
to Download for Registered Students
The course
This course extends the principles of investment analysis and financial
management to the international environment. The goal is to provide a framework
for making financial decisions in an international context. The course is
divided into three sections: 1) the international financial environment, 2) the
globalization of world capital markets, and 3) topics in international corporate
finance. Students will be exposed to a broad range of topics in international
finance, including some of the latest developments in global financial
markets.
Prerequisites
·
Bus-Adm 555 and Bus-Fin
620 are the formal prerequisites for this course. Bus-Fin 721 and 722 are
recommended.
·
If you are shaky on
topics such as: discounted cash flows and net present value, calculating risk
and returns, and the basics of statistics (mean, variance, correlations, random
variables, and regression analysis), dust off your old notebooks now and
get yourself up to speed with this material.
·
You
should also be comfortable with Excel.
Course resources
- Textbook (required): Cheol S. Eun and Bruce G. Resnick, International
Financial Management 3nd edition, 2003 (McGraw-Hill). Web-site.
- Course Packet: Contains the HBS Note 9-292-084 “Note on Cross-border
Valuation” and HBS Case 9-204-144 “Offshoring at Global
Information Systems, Inc.” It
is available at Cop-Ez.
- Lecture Notes: Available in the “Documents to Download for Registered
Students” above.
Grades
Grades for the course will be determined as
follows.
·
Homework Assignments (3):
15%
·
Case 5%
·
Midterm, February
8 40%
·
Final Exam, March 13
40%
Homework
assignments
·
There
will be three homework assignments worth 5% of your grade each. Assignments are due at the start of class and
late assignments are not accepted (a grade of zero is assigned) except for the
most serious reasons (see below). If you
miss an assignment for a legitimate reason, the weight for the assignment is
re-allocated to the final exam.
·
You
may work alone or with a partner. If you
would like to work with a partner, but do not know anyone in the class, let me
know and I will form a clearinghouse. If
you work with a partner, one copy of the assignment should be turned in and
both students will receive the same grade.
Assignments should be typed or written neatly.
·
Optional: Students are encouraged to work through the
relevant end of chapter questions in the textbook. Solutions for relevant questions are posted
on the course webpage. These are posted
as “read-only” files in .pdf format. You can view the solutions, but cannot print
or save them.
Exams
·
There
will be one midterm and one final exam.
Both exams will be comprehensive and will cover material from lectures,
assigned readings, and assigned problems.
You are allowed to bring a calculator and one 8 ½ by 11 formula sheet
(both sides). You must hand in your
formula sheet (even if it is empty) with the exam. Note also that you must write the midterm in
the section you are registered in.
·
You
are allowed a formula sheet so that you do not have to memorize the
formulas. In return, I expect that
formula sheets include formulas only
– i.e., equations and symbols.
Definitions and examples are not allowed. If you have definitions or examples on your
formula sheet that are related to a question on the exam, you will not be given
credit for that question, i.e., you will get zero on the entire question. There are no exceptions to this policy.
·
Absence
from any exam will not be excused except for the most serious reasons. Such serious circumstances must be validated
in writing by an appropriately accredited processional (i.e., medical doctor)
and you should notify me prior to the scheduled exam that you will be
absent. If you miss the midterm for a
legitimate reason (defined above), the weight for the midterm will be
re-allocated to the final exam. There
are no exceptions to this policy.
Accommodation
Students who request help will be given reasonable accommodation through the
advice and assistance of the University Office of Disability Services.
Appeals
Grading errors
should be corrected. Appeals must be in writing, within one week after the
graded work is returned, not the date you first look at it. The appeal should
include a description of the question(s) that need to be reexamined as well as
an explanation of why the original grade was incorrect. In general, the entire document will be checked for grading errors,
and correcting these could either raise or lower the overall score.
Academic
Integrity
You have affirmed
to adhere to the following honor statement:
As a member of the Fisher College of Business
community, I am personally committed to the highest standards of ethical
behavior. Honesty and integrity are the
foundation from which I will measure my actions. I will hold myself accountable to adhere to
these standards. As a leader of the
community and business environment, I will pledge to live by these principles
and celebrate those who share these ideals.
In addition, the University’s Code of
Academic Integrity is designed to ensure that the principles of academic
honesty and integrity are upheld. All
students are expected to adhere to this Code.
Please visit the following website for more information on the
University’s Code of Academic Integrity and possible sanctions: http://oaa.osu.edu/procedures. In accordance with University Faculty Rule
333-5-487, all instances of academic misconduct will be reported to the
Department and the Committee on Academic Misconduct which recommends
appropriate sanctions to the Office of Academic Affairs. Academic misconduct
includes, but is not limited to, giving or receiving information during an exam
and submitting plagiarized work for academic requirements.
International Finance Web-Sites:
International Financial
Markets:
Stock
Markets:
Nasdaq
NYSE (has links to all world markets)
Stock Market
Indices:
Morgan Stanley Capital International
International Finance Corporation (Emerging
Markets)
Exchange Traded Index
Funds: Indexfundsonline
Nasdaq's Web-side
American Depository
Receipts: Bank of New York
Exchange
Rates:
UBC daily and historical data
Federal Reserve Bank of New York
Currency
Options:
Philadelphia Stock Exchange
Resources and
International Finance
Resources: Yahoo Finance
Financial Times