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Lecture International trade and investment (2/e): Chapter 10 - John Gionea

This chapter covers the measurement and interpretation of all international transactions between one country and the rest of the world: that is, the balance of payments. The main goals of the chapter are to: Explain how the double-entry bookkeeping system of measuring Balance of Payments (BOP) works with reference to the IMF standard balance of payments, outline the specifics of Australia’s balance of payments, establish the importance of BOP for international companies.

6/18/2020 6:24:00 AM +00:00

Lecture International trade and investment (2/e): Chapter 9 - John Gionea

Chapter 9 - The foreign exchange market. The main goals of this chapter are to: Define foreign exchange and explain the fundamental economic factors that determine exchange rates; examine the functions, structure and size of the foreign exchange market as well as the main types of foreign exchange transactions; map out the implications for international businesses of exchange rate movements.

6/18/2020 6:23:54 AM +00:00

Lecture International trade and investment (2/e): Chapter 8- John Gionea

Chapter 8 - Regional economic integration. The main goals of this chapter are to: Explain the process and the levels of regional economic integration; review the progress towards regional integration in Europe, the Americas, Asia and elsewhere; outline the basic costs and benefits of economic integration (such as trade creation and trade diversion);...

6/18/2020 6:23:48 AM +00:00

Lecture International trade and investment (2/e): Chapter 7 - John Gionea

Chapter 7 - The multilateral trade and investment framework. The main goals of this chapter are to: Provide a history of the development of the current world trading system, leading to a better understanding of the current international trade framework; explain the functioning, the achievements and the problems faced by the General Agreement on Tariffs and Trade (GATT); outline the new features of the World Trade Organisation (WTO).

6/18/2020 6:23:41 AM +00:00

Lecture International trade and investment (2/e): Chapter 6 - John Gionea

Chapter 6 - Instruments of trade and investment policies. The main goals of this chapter are to: Undertake an historical overview of main government policies that have influenced international trade, examine the major types of barriers that are currently affecting international trade and investment, examine the major types of export-enhancement measures and their impact on international business.

6/18/2020 6:23:35 AM +00:00

Lecture International trade and investment (2/e): Chapter 5 - John Gionea

Chapter 5 - Australia’s position in international trade and investment. The main goals of this chapter are to: Examine the changes in Australia’ position in the world economy, in terms of size and income per capita; outline the main changes in Australia’s geographic distribution of exports and imports and identify the main reasons for those changes; analyse the role of foreign direct investment in Australia’s economy.

6/18/2020 6:23:29 AM +00:00

Lecture International trade and investment (2/e): Chapter 4 - John Gionea

Chapter 4 - Foreign direct investment: practice and theory. This chapter discusses the recent trends in Foreign Direct Investment (FDI) and a few theories explaining those trends. The main goals are to: Describe the importance of FDI in the world economy, and the changing geographic and sectoral patterns of FDI over time; explain the benefits and costs of FDI for host and home countries; present a number of different theories that attempt to explain the FDI rationale; outline the interlinkages between international trade and FDI.

6/18/2020 6:23:23 AM +00:00

Lecture International trade and investment (2/e): Chapter 3 - John Gionea

Chapter 3 - International trade theory. This chapter examines the development of international trade theory from the seventeenth century through the second half of the twentieth century. The main goals of this chapter are to: Outline and critically evaluate the major theories that attempt to explain why nations should engage in international trade and the patterns of international trade; show, via simple examples, the case for free trade and how all countries can benefit from free trade;...

6/18/2020 6:23:17 AM +00:00

Lecture International trade and investment (2/e): Chapter 2 - John Gionea

Chapter 2 - International trade in goods and services. The main goals of this chapter are to: Examine the main patterns of trade to indicate which categories of products have been most important over the recent decades; outline recent changes in intra-industry trade and processing trade; explain why these patterns exist, based on various related developments in the world economy.

6/18/2020 6:23:10 AM +00:00

Lecture International trade and investment (2/e): Chapter 1 - John Gionea

Chapter 1 - Trade and investment in a global economy. The main goals of this chapter are to: Introduce the student to the contemporary issues in international trade and investment, define international business and its main components and illustrate the importance of technology in driving the globalisation of products and markets, identify the entities involved in international trade and investment and explore the changing nature of firms that do business outside their national borders.

6/18/2020 6:23:04 AM +00:00

Lecture Global financial management - Topic 8: Retail foreign exchange transactions: bid-ask, credit and debit transactions

Topic 8 - Retail foreign exchange transactions: bid-ask, credit and debit transactions. In this chapter, students will be able to understand convert currencies using bid and ask quotations; calculate the total cost of using cash, credit or debit in forex transactions.

6/18/2020 6:13:42 AM +00:00

Lecture Global financial management - Topic 7: Global valuation and capital budgeting

In this chapter, students will be able to understand the methods for valuing domestic investments; can value a domestic investment using Free Cash Flow, NPV, WACC, Unlevered and Levered betas, Cost of Equity, Cost of Debt, Present Value of Growth perpetuities, and Exit Multiples.

6/18/2020 6:13:36 AM +00:00

Lecture Global financial management - Topic 6: Domestic capital budgeting: NPV, free cash flows, and cost of capital

In this chapter, students will be able to understand and can apply the following concepts to business situations: foreign exchange competitive exposure; real appreciation and depreciation; Identifying, measure, and managing competitive exposure.

6/18/2020 6:13:29 AM +00:00

Lecture Global financial management - Topic 5: Competitive exposure and real currency appreciation

In this chapter, students will be able to understand and can apply the following concepts to business situations: foreign exchange competitive exposure; real appreciation and depreciation; Identifying, measure, and managing competitive exposure.

6/18/2020 6:13:23 AM +00:00

Lecture Global financial management - Topic 4: The identification, measurement, and mitigation of translation and transaction foreign exchange exposure

Topic 4 - The identification, measurement, and mitigation of translation and transaction foreign exchange exposure. In this chapter, students will be able to understand and can apply the following concepts to business situations. Students also will be able to identify, measure, and mitigate translation and transaction exposure.

6/18/2020 6:13:17 AM +00:00

Lecture Global financial management - Topic 3: Exchange rates, quotes, transactions, and appreciations

In this chapter, students can obtain and interpret exchange rates, students can convert currencies using direct and indirect quotes and cross rates, students can compute and interpret currency appreciations and depreciations, students can forecast appreciations using PPP and IRP.

6/18/2020 6:13:11 AM +00:00

Lecture Global financial management - Topic 2: Foreign exchange rate systems, determinants and the effects of revaluation

In this chapter, students can obtain and interpret exchange rates, students can convert currencies using direct and indirect quotes and cross rates, students can compute and interpret currency appreciations and depreciations, students can forecast appreciations using PPP and IRP.

6/18/2020 6:13:05 AM +00:00

Lecture Global financial management - Topic 1A: Country selection/research and suggested approach

In this chapter, students will be able to understand: Evaluate the advantages and disadvantages of alternative systems (free floating, fixed, managed float) for the determination of exchange rates; understand the determinants of exchange rates (qualitative); how to forecast (quantitative) exchange rates using models: purchasing power parity, relative purchasing power parity, interest rate parity, an unbiased forward rate.

6/18/2020 6:12:59 AM +00:00

Lecture Global financial management - Topic 1: Assessing and managing country risk

In this chapter, students will be able to understand: Define country risk and describe how it us used to make investment decisions from the standpoint of a multinational corporation (MNC), describe the political and economic factors used to measure country risk, describe country risk mitigation strategies, describe the opportunities of global investments.

6/18/2020 6:12:52 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 16 - Imad A. Moosa

Chapter 16 - Foreign direct investment and international capital budgeting. In this chapter, the learning objectives are: To discuss the characteristics of FDI; to outline the theories of FDI; to describe the techniques of international capital budgeting; to examine the implications of taxation, country risk and transfer prices for international capital budgeting.

6/18/2020 6:12:46 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 15 - Imad A. Moosa

Chapter 15 - International long-term financing and investment. In this chapter, the learning objectives are: To describe international bank loan financing, to demonstrate how the currency denominating a bond issue is chosen, to describe the primary and secondary international equity markets,…

6/18/2020 6:12:40 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 14 - Imad A. Moosa

Chapter 14 - International short-term financing and investment. To explain why short-term foreign currency financing and investment are considered, to consider the choice between domestic and foreign currency financing and investment, to identify the costs and benefits of financing/investment with a portfolio.

6/18/2020 6:12:34 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 13 - Imad A. Moosa

Chapter 13 - Foreign exchange risk management. The objectives of this chapter are: To explain why there is concern about foreign exchange risk; to illustrate how to manage short-term transaction exposure using forward hedging, futures hedging, money market hedging and option hedging; to illustrate other techniques of managing short-term and longterm transaction exposure;…

6/18/2020 6:12:28 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 12 - Imad A. Moosa

Chapter 12 - Foreign exchange risk and exposure. In this chapter, the learning objectives are: To define risk and exposure; to elaborate on the concept of value at risk (VAR); to distinguish among transaction, economic and translation exposure;…

6/18/2020 6:12:22 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 11 - Imad A. Moosa

Chapter 11 - International arbitrage. In this chapter, the learning objectives are: To define arbitrage and the no-arbitrage condition; to describe two-point, three-point and multi-point arbitrage in the foreign exchange market; to describe commodity arbitrage;…

6/18/2020 6:12:16 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 10 - Imad A. Moosa

Chapter 10 - Currency options. In this chapter, the learning objectives are: To introduce basic concepts, to outline the differences between OTC and exchange-traded options, to describe option positions, to identify the determinants of option premiums, to describe exotic currency options.

6/18/2020 6:12:10 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 9 - Imad A. Moosa

Chapter 9 - Currency futures and swaps. In this chapter, the learning objectives are: To describe futures contracts and show how they circumvent the problems of forward contracts, to compare forward and futures markets, to describe swaps and introduce some terminology,...

6/18/2020 6:12:04 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 8 - Imad A. Moosa

Chapter 8 - Exchange rate forecasting, technical analysis and trading rules. The objectives of this chapter are: To explain why exchange rate forecasting is needed, to illustrate forecasting techniques, to explain how to evaluate the performance of forecasters,...

6/18/2020 6:11:58 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 7 - Imad A. Moosa

Chapter 7 - International banking and the basel accords. The objectives of this chapter are: To find out why banks are assigned special importance and why banking is more regulated than other business, to consider the types of risk a bank is exposed to, to consider the pros and cons of banking regulation…

6/18/2020 6:11:51 AM +00:00

Lecture International finance: An analytical approach (3/e): Chapter 6 - Imad A. Moosa

Chapter 6 - The Eurocurrency market and international banking. After reading the material in this chapter, you should be able: To define the Eurocurrency market, to identify Eurocurrencies and Eurocurrency banking centres, to identify reasons for the growth of the Eurocurrency market,…

6/18/2020 6:11:45 AM +00:00