MBA625 International Finance

for U1P 2010

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Mission Statement: The mission of the School of Graduate and Professional Studies at Park University is to provide leadership and directions to Park University's graduate and professional programs to assure that they are specialized, scholarly, innovative, and designed to educate students to be creative, independent, and lifelong learners within the context of a global community.

Vision Statement: Park University's School of Graduate and Professional Studies will be an international leader in providing innovative graduate and professional educational opportunities to learners within a global society.


MBA 625 International Finance


U1P 2010 DL


Lentz, Ronal Paul


Adjunct Professor


PhD - Business Administration
Certified Public Accountant

Office Location

16 E. Beauregard, San Angelo, TX  76903

Office Hours

9 am to 4 pm, Mon. - Fri.

Daytime Phone



Semester Dates

Monday, June 7, 2010 thru Sunday, August 1, 2010

Class Days

Each class week is from Monday thru Sunday

Class Time

This Class is conducted in the On-line Environment.


FI 360 and MBA 615 (formerly FI 615)

Credit Hours



Jeff Madura, International Financial Management, 10th Edition ISBN:13: 978-1-4390-3833-8; 10: 1-4390-3833-3, South Western Cengage Learning (2010).

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Business Periodicals (Magazines & Newspapers) On-Line:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.

Course Description:
MBA 625 International Finance: Study of the international monetary environment and financial planning for corporations with overseas operations. Analysis of the effects of exchange rate fluctuations, currency restrictions and tax regulations on international financial planning, examination of financial aspects of multinational business, including foreign investment, trade and transfer of funds. Prerequisites: FI 360 and MBA 615 (Formerly FI 625)

Educational Philosophy:

The educational philosophy applied in this class is one of interaction among instructor and students.  This interaction is accomplished through the use of PowerPoint lectures, examples, illustrative discussion questions, readings, quizzes and examinations.  Identification of additional student instructional needs are also highlighted and addresses through these processes.   An important part of the education process in this class will be the discussion questions provided for students together with appropriate feedback and comments from the instructor.

Learning Outcomes:
  Core Learning Outcomes

  1. Explain key factors determine foreign exchange rates.
  2. Discuss the concept of interest rate parity.
  3. Explain the purchasing-power parity theory and the law of one price.
  4. Explain what exchange rate risk is and how it can be controlled.
  5. Discuss the risks involved in direct foreign investment.
  6. Explain country risk analysis and long term investment decisions.

  Instructor Learning Outcomes
  1. 1.  Explain key factors determine foreign exchange rates.
  2. 2.  Discuss the concept of interest rate parity.
  3. 3.  Explain the purchasing-power parity theory and the law of one price.
  4. 4.  Explain what exchange rate risk is and how it can be controlled.
  5. 5.  Discuss the risks involved in direct foreign investment.
  6. 6.  Explain country risk analysis and long term investment decisions.
Core Assessment:

Class Assessment:

Your grade will be determined by answers to discussion questions and responses, weekly homework assignments, and by the results of mid-term exam, and group projects/papers.  Except as otherwise stated, all submissions will be graded on relevance, comprehensiveness, specificity, clarity and analytical skills, as well as writing skills.



Class Participation/Discussion Questions                             200 (25 pts each week)

Homework Assignments                                                     350 (50 pts each week)

Mid-Term Exam                                                                 100

Final Exam                                                                          150

Group Project/Papers                                                          200

Total Points                                                                       1000

How I Grade Your Assignments:

50% on Content and Development
20% on Organization
10% on Format
10% on Punctuation, Grammar and Spelling
10% on Readability and Style

Each student will be given a numeric grade for each assignment.  Also, you will be provided with a weekly summary of grade points earned, so that you will know where you stand at the end of each week.

Please submit your work on the date indicated in the assignment section of  each lecture. If you are not going to meet the due date, I expect
you to contact me before the due date to make any arrangements for a late paper. Any work submitted late without prior coordination with me will lose 10 percentage points for each day the work is late.

Course Grading Scale- this subsection should list the grading scale and weighting for all of the graded work during a course.  The grading scale must use the following scale below, and point totals for each letter grade must be included (see example below).

A =

 90- 100% (or 900 points or higher)

B =

 80-89% (or 800 to 890 points)

C = 

 70-79% (or 700 to 790 points)

D =

 60-69% (or 600 to 690(points)

F =

 < 60% (599 or fewer points)

Late Submission of Course Materials:

Please submit your work on the date indicated in the assignment section of each lectures. If you are not going to meet the due date, I expect you to contact me before the due date to make any arrangements for a late paper. Any work submitted late without prior coordination with me will lose 10 percentage points for each day the work is late and receive a zero seven days after the deadline.

Classroom Rules of Conduct:

Policy # 1: Back up every piece of work you complete. This will ensure that a computer glitch, or a glitch out there in cyberspace won't erase your efforts.

Policy # 2: If you are experiencing any confusion over course material, technical difficulties that are not being resolved and are preventing you from completing your assignments, or general questions about the course, let me know and refer to Course Policy #1.  Avoid "Dropping out" of the course communication or failure to submit assignments due to time constraints, technical problems, or confusion.  If you miss class discussion for a week, you will not pass the course, unless you have communicated the nature of your absence to the instructor(s).

Policy # 3: Please check the Announcements area in the Course Conference before you ask general course questions.  If you don't see your question there, then please post your question.  Posting them in the threaded discussion area will allow your fellow students to benefit from your questions. And remember, there are no stupid/silly questions.  We are all here to learn!

Policy # 4: (E-Mail Procedures) When sending e-mail other than assignments, you must identify yourself fully by name and class in all e-mail sent to me and/or other members of our class.

o        My Response Policy:  I will check my e-mail and the conference area frequently. I will respond to course-related questions within 24-48 hours (unless I notify you previously that I will be unavailable).

o        When files are sent attached to an email, the files should be in Microsoft Word formats.  Scanned documents or paper copies will not be accepted.  

Policy # 5: Online Etiquette: All your online communications need to be composed with fairness, honesty and tact.  Spelling and grammar are very important in an online course.  What you put into an Online course reflects on your level of professionalism.

Course Topic/Dates/Assignments:

Week                   Topics

   1                      Chapter 1 - Multinational Financial Management: An Overview

   2                      Chapter 2 - International Flow of Funds

                           Chapter 3 - International financial Markets
   Chapter 4 - Exchange Rate determination
   Chapter 5 - Currency Derivatives

   3                      Chapter 6 - Government Influence on Exchange rates

                           Chapter 7 – International Arbitrage and Interest Rate Parity

                           Chapter 8 – Relationships among Inflation, Interest Rates, and Exchange Rates

                           Group Project I

   4                      Chapter 9 – Forecasting Exchange Rates

                           Chapter 10- Measuring Exposure to Exchange Rate Fluctuations

                           Chapter 11- Managing Transaction Exposure
                           Chapter 12- Managing Economic Exposure and Translation Exposure
                           Mid-term Exam (Open Book)
 5                                                Chapter 13- Direct Foreign Investment
                           Chapter 14- Multinational Capital Budgeting
                           Chapter 15- International Corporate Governance and Control
 6                                                Chapter 16- Country Risk analysis
                           Chapter 17- Multinational Cost of Capital and Capital Structure
                           Chapter 18- Long-Term Financing
 7                                                Chapter 19- Financing International Trade
                           Chapter 20- Short-Term Financing

                           Chapter 21- International Cash Management

 8                        Group Project II

 Final Exam (Open Book)     

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2009-2010 Graduate Catalog Page 31


Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2009-2010 Graduate Catalog Page 31-32

Attendance Policy:

Professors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2009-2010 Graduate Catalog Page 35

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


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Last Updated:5/16/2010 5:18:36 PM