MBA625 International Finance

for S2P 2011

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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


S2P 2011 MBD


Fuhrmann, Thomas M.


Assistant Professor of International Business/Finance/Adjunct



Office Location


Office Hours

Before and After Class

Other Phone



Web Page

http:// NA

Semester Dates


Class Days


Class Time

5:30 - 9:50 PM

Credit Hours


Jeff Madura, INTERNATIONAL FINANCIAL MANAGEMENT, 10th Edition ISBN: 978-1-4390-3833-8
                      Southwestern Publishing Company (2010)

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

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.
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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:
My objective is to assist you to explore the factors that determine global financial results and develop a methodology to manage risk and opportunities.

This will be achieved by class interaction supported by presentations, reading of the textbook, homework and a term project.

I will guide you, however, your level of achievement is dependent on the effort you are able to devote to learning.

We live in interesting times.

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. Global Big Picture (see course outline)
  2. Global Financial Crisis (see course outline)
Core Assessment:

Class Assessment:
Class Participation/Discussion     400 points
Homework Assignments              200 points
Midterm Exam                             100 points
Term project/paper                       150 points
Final Exam                                   150 points
Total Points                                1000 points

Grading 80% on Content
              20% on Organization, Readability, Style

Grading scale: A= 90-100 %
                        B= 80-89 %
                        C= 70-79 %

Late Submission of Course Materials:
Late submission will result in a decrease of 10% from your grade on each assignment.

Classroom Rules of Conduct:
Attendance and participation is required. Please arrange for an exception in advance by phone.

Course Topic/Dates/Assignments:
Week                     Topics

1         The Global Big Picture ( course intro- monetary history, balance of payments, corporate vs state capitalism etc.)

2         The Global Financial Crisis (status of the world economy, relevant factors, regulatory issues etc.)

3         Exchange Rate Behavior

4         Exchange Rate Risk Management  MIDTERM EXAM( due week 5)

5         Direct Foreign Investment

6         International Capital Budgeting

7         International Cost of Capital and Capital Structure

8         Short-Term Asset and Liability Management  TERM PROJECT (due week 8) and FINAL EXAM(due 1 week

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 2010-2011 Graduate Catalog Page 20


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 2010-2011 Graduate Catalog Page 20

Attendance Policy:

Instructors 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 2010-2011 Graduate Catalog Page 24

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: .

Additional Information:
This course will improve your global comprehension. 


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Last Updated:2/25/2011 4:03:56 PM