FIN 623

International Financial Management

Semester/Term: Spring 2023

Credit Hours: 3

Meeting Days/Time/Location: Tuesday & Thursday/ 8:15 – 10:45 /Gatton 399

 Instructor Information

Instructor: Igor Cunha

Office Building & Room Number: Gatton 345D

Email: igor.cunha@uky.edu

Office Phone: (859) 257-5703

Office Hours:  By appointment

Course Description

The course provides an overview of world trade, international monetary and trade theory, and the theory of exchange rate determination. Focus is on the management of short- and long-term international assets, with particular attention given to the direct investment decision and on financing international operations.

Student Learning Outcomes

Upon completion of the course, the student will understand what it means when a currency appreciates/depreciates and will be able to calculate the effect on a company’s revenues, costs, or profits. In addition, the student will understand how companies hedge this currency risk using common financial instruments.

Required Materials

No textbook will be required, but you may find Eun and Resnick, International Financial Management to be helpful.

You will need the Turning Point (clicker) app on your phone.

 Activities and Assignments

Each class will have at least one “clicker” question, usually there will be more. Each question will be worth 3 points for a correct answer and 1 point for an incorrect answer. You need a total of 270 points (out of 300 possible) to get full credit for the clicker questions

In addition, there will be 4 online quizzes and one mid-term exam. 

Course Grading

Your course grade will be determined in the following manner

In-class “clicker” questions  – 10%

Online Quizzes                       – 30%

Mid-term Exams                    – 30%

Final Exam                             – 30%

I will not “round-up” your grade, nor is there “extra-credit”. If you get an 89 for the semester, you will be assigned a B for the class.

The following scale will be used to determine final grades:

• 90 – 100% = A
• 75 – 89% = B
• 74 – 60% = C
• Below 60% = E