MFI FBM BUT mfP Acad. year 2017/2018 Summer semester 4 credits
The foreign exchange market and the balance of payments.
Investment and financial trading operations in the international environment.
International monetary integration.
Language of instruction
Svatošová Veronika, Ing., Ph.D. (IF FBM BUT)
Subject specific learning outcomes and competences
Skills: Students can comprehensively evaluate the current situation and judge the anticipated trends within the international financial system with an emphasis on Economic and Monetary Union. Students are able to evaluate individual forms of foreign investment and apply knowledge from the area of the international financial markets in choosing the optimum means of finance. Students are able to independently find solutions to problems in the field of international finance and weigh up their impact on the corporate economy.
Abilities: Students are able to independently find solutions to problems in the field of international finance, recommend an appropriate solution and justify it in a competent manner.
Prerequisite kwnowledge and skills
Syllabus of lectures
- Foreign exchange markets - the organisation and structure of the foreign exchange markets, ways of quoting exchange rates, purchasing power parity theory and interest rate parity theory; the main trends in exchange rate theory;
- Exchange rate systems - classification of individual systems of exchange rates and their evaluation according to selected criteria;
- The policy of balance of payments in equilibrium - defining a countrys external imbalances, means of compensating for a balance of payments deficit, risks and impacts of individual methods on the economy and entities in a given country;
- Development of the international financial system - the main stages in the development of the international financial system, the origins of the first international financial institutions and the evolution of integration within Europe;
- Investment and financing trading operations in the international environment - the significance and forms of direct investment and portfolio investment, the significance and structures of European currency and capital markets, the specific features of the financial strategies of transnational corporations;
- Specific ways of financing cross-border economic activities - project financing and joint ventures, bound trading operations, multilateral development banks.
Course inclusion in study plans