MBA625 International Finance

for S1P 2012

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


MBA 625 International Finance


S1P 2012 DL


Lentz, Ronal Paul


Adjunct Professor


Certified Public Accountant
PhD Business Administration

Office Location

16 E. Beauregard, San Angelo, TX  76903

Office Hours


Daytime Phone



Semester Dates

Monday, January 16, 2012 to Sunday, March 11, 2012

Class Days

Weekly classes are from Monday thru Sunday

Class Time

Online Environment


FI 360 and MBA 615 (formerly FI 615)

Credit Hours



Jeff Madura, International Financial Management, 10th Edition ISBN:978-1-4390-3833-8, South Western Publishing Company (2010).

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.
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Resources for Current Students - A great place to look for all kinds of information
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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 615)

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.

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.


Total 1000 Points

Class Participation/Discussion Questions

200 Points (25 points each week)

Homework Assignments

350 Point (50 points each week)

Mid-term Exam

100 Points

Group Projects/papers

200 Points

Final Exam 150 Points

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

I will give you a numeric grade for each assignment.  Also, I will provide you 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 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.

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 the late assignment. 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/Paper
   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 Acquisitions
6                                    C hapter 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/Paper     

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 2011-2012 Graduate Catalog Page 21


Plagiarism is 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 2011-2012 Graduate Catalog Page 21

Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a courserelated question, or using any of the learning management system tools.Park University 2011-2012 Graduate Catalog Page 25

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:12/19/2011 8:48:06 AM