Fag som tilsvarer de fire første semestrene i: 1) Internasjonal logistikk i Ålesund eller 2) Økonomi og administrasjon i Molde
Norsk (dersom det melder seg utenlandske studenter forelseses kurset på engelsk)
Midttermineksamen (30 %). 5 timers skriftlig slutteksamen (70 %).
Studenten vil lære om det globale finansielle systemet, det multinasjonale selskapet sine utfordringer med spesiell vekt på risiko og finansiering. Temaer som søkes dekket er valutakurser og likevekt i internasjonale markeder, risikoinstrumenter som terminkontrakter og opsjoner for både valutakurser og renter, internasjonale kapitalkostnader og internasjonal finansiering inklusiv kapitalstruktur, internasjonale prosjekter, politisk usikkerhet og internasjonale investeringsanalyser.
Temaer som dekkes i kurset er (beskrevet på engelsk):
1. Global Financial Environment is an introduction to the global financial environment in which the multinational enterprise (MNE) exists. Topics are corporate governance, currency terminlogy and balance of payments.
2. Foreign Exchange Theory and Markets examine how foreign exchange theories and markets operate as background knowledge that must be understood by management of MNEs in order to measure and manage their firm's foreign exchange risks. Topics are the foreign exchange market, foreign currency derivatives, international parity conditions, and forcasting foreign exchange rates.
3. Foreign Exchange Exposure uses the bacground from Part 2 to analyze the task of measurring and managing foreign exchange exposure. Topics are transaction, operating, accounting anf tax exposures. Topics are transaction, operating, accounting and tax exposures.
4. Financing the Global Firm examines how a firm can use the global capital market to minimize its cost of capital and maximize its access to capital. A firm needs to achieve a certain global cost and availability of capital in order to compete successfully in both its domestic and foreign markets. Topics are a firm's cost of capital, sourcing equity in global capital markets, financial structure and access to debt markets, and interest rate risk.
5. Foreign Investment Decisions analyzes how a firm transitions from the international trade stage to become a full-blown multinational firm. Topics are theory and strategy for foreign direct investments, adjustment for political risk, global tax environment, capital budgeting of foreign projects, cross border mergers and acquisitions, and risk reductions through international diversification.
6. Managing Multinational Operations focus on the intricacies of managing a MNE's ongoing global operations, a task that requires most of a financial manager's attention. Topics are reposition funds, managing working capital efficiently, all elements of traditional export and import trade financing, and finally advanced topics in international financial managment.