UNDERGRADUATE PROGRAM

MAJOR: INTERNATIONAL BUSINESS

MINOR: ……………………………………………….

SYLLABUS
1. Course name: Multinational Financial Management
2. Course code: unknown
3. Teaching Department: International Business
4. Level of competency: for students at the 3rd academic year
5. Credits: 3
6. Time allocation:
+ Theories: 40%
+ Group works, practice, discussion,…: 30%
+ Self-study: 30%
7. Prequisite courses: Micro-Economics, Macro-Economics.
8. Course description: The course aims to provide knowledge related to corporate
financial management in the international business context. The content emphasizes two
main parts:
(1) Macro-economics: the conceptual frameworks of macro-economic and the
institutional foundations in the international financial environment; the roles/
impacts of these institutions/ factors on foreign exchange rate fluctuations; and
the foreign exchange forecasting techniques and tools
(2) International financial management: issues and opportunities of
multinational companies in international financial markets, knowledge of foreign
exchange derivatives (such as forward/ future/ option/ swaps contract) as well
as foreign exchange risk management.
9. Course Learning Outcomes - CLOs:

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After finish the Multinational Financial Management course, students are able to meet
the following learning outcomes:
9.1 Knowledge
- CLO1.1: Present international business - based conceptual frameworks, such as
the international monetary system and international parity theories; and analyze
the international economic activities of a nation through the balance of
payments.
- CLO1.2: Identify the macro-economic factors and institutional foundations in the
international financial environment, and explain their effects/ roles on foreign
exchange rate fluctuation
- CLO1.3: Present exchange rate forecasting tools and techniques
- CLO1.4: Analyze issues and opportunities in foreign currency management of
multinational corporations within international financial markets
- CLO1.5: Distinguish between foreign exchange derivatives (such as forward,
futures, options, and swaps contracts).
- CLO1.6: Propose appropriate foreign exchange hedging strategies for importers
or exporters by using foreign exchange derivatives most effectively and
efficiently.

9.2 Skills
- CLO2.1: Communication skill: students work in groups and independently - such
as discussing, presenting, listening, and making questions - during the course.
- CLO2.2: Forecasting skill: students can apply knowledge, methods, and tools
used in exchange rate prediction.
- CLO2.3: Critical thinking and problem-solving skills: students are able to
evaluate the pros and cons of each solution (related to foreign exchange
derivatives), to make appropriate decisions for hedging or speculation purposes.
- CLO2.4: Creative thinking skills: students can design hedging strategies in
different situations (exporter/importer)

9.3. Autonomy and Resposibility

- CLO3.1: Students appreciate the importance of truthness in study and work
- CLO3.2: Students are aware of self-responsibility in individuals activities in
particular and collective activities in general.
- CLO3.3: Students appreciate the value of management and leadership capacity.
- CLO3.4: Students appreciate the spirit of lifelong learning: being able to self-
study, improve and update knowledge; know how to apply theories into practices;
enhance the ability to recognize their strengths/ weaknesses as the external

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 opportunities/ challenges to improve the personal competitiveness, thereby
proactively planning personal careers.
- CLO3.5: Students have a sense of ethics, fairness, and responsibility in career
and life by keeping trust and commitment; strictly comply with the rules and
regulations of the class, university, organizations, and state; and have a sense of
responsibility in solving ethical and social problems

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Course learning outcomes matrix
Module Output Standards (CLOs) (Level 3 Training Program Output Standards (PLOs) (Level 2 Students)
Students)
1.1 1.2 1.3 1.4 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 3.1 3.2 3.3 3.4 3.5
CLO1.1: Present international business -
based conceptual frameworks, such as the
international monetary system and
P S
international parity theories; and analyze the
international economic activities of a nation
through the balance of payments.
CLO1.2: Identify the macro-economic factors
and institutional foundations in the
international financial environment, and S
explain their effects/ roles on foreign
exchange rate fluctuation
CLO1.3: Present exchange rate forecasting
H
tools and techniques
CLO1.4: Analyze issues and opportunities in
foreign currency management of multinational
H
corporations within international financial
markets
CLO1.5: Distinguish between foreign
exchange derivatives (such as forward, H
futures, options, and swaps contracts).
CLO1.6: Propose appropriate foreign
exchange hedging strategies for importers or
H
exporters by using foreign exchange
derivatives most effectively and efficiently.
CLO2.1: Communication skill: students work
in groups and independently - such as
S S H
discussing, presenting, listening, and making
questions - during the course.

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CLO2.2: Forecasting skill: students can apply
knowledge, methods, and tools used in S S S
exchange rate prediction.
CLO2.3: Critical thinking and problem-
solving skills: students are able to evaluate the
pros and cons of each solution (related to
P S H
foreign exchange derivatives), to make
appropriate decisions for hedging or
speculation purposes.
CLO2.4: Creative thinking skills: students can
design hedging strategies in different P S
situations (exporter/importer)
CLO3.1: Students appreciate the importance
S
of truthness in study and work
CLO3.2: Students are aware of self-
responsibility in individuals activities in H
particular and collective activities in general.
CLO3.3: Students appreciate the value of
H S S
management and leadership capacity.
CLO3.4: Students appreciate the spirit of
lifelong learning: being able to self-study,
improve and update knowledge; know how to
apply theories into practices; enhance the
ability to recognize their strengths/ H
weaknesses as the external opportunities/
challenges to improve the personal
competitiveness, thereby proactively planning
personal careers.
CLO3.5: Students have a sense of ethics,
fairness, and responsibility in career and life
H
by keeping trust and commitment; strictly
comply with the rules and regulations of the

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class, university, organizations, and state; and
have a sense of responsibility in solving
ethical and social problems

Note: The characters in the table stand for

P: Partial supported
S: Supported
H: Highly supported
Please leave the box blank, if there is no any contributions to the program outcomes

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10. Learning materials:
10.1 Required materials (Text books):
1. Cheol Eun, Bruce Resnick and Tuugi Chuluun. (2024) International Financial
Management (10th ed.). New York: Mc Graw Hill Education (ISBN10: 1264413092
| ISBN13: 9781264413096).
[Link]
eun-resnick/[Link]
2. Cheol Eun, Bruce Resnick and GG. (2015) International Financial Management (7th
ed.). New York: Mc Graw Hill Education
10.2 Other materials (References):
Material 1: Sharpiro, A.C. (2007) Foundations of Multinational Financial Management
(5th ed.). US: John Wiley & Son Inc.
Material 2: Chance, D. M. and Brooks, R. (2015) An Introduction To Derivatives and
Risk Management (9th ed.). Singapore: Cengage Learning Asia Pte Ltd.
Material 3: Madura, J. (2011) International Financial Management. US: South-Western
Cengage Learning. (4)
10.3 Others: None

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11. Course teaching plan:
Day Content Teaching Learning materials Student works in detail Corresponding
(hour no.) (chapter, section) method (chapter, section) CLO
Section 1 Chapter 1: MNCs Lecturer: 50% Book: International Read: Chapter 1 and 2 (at CLO1.1
(5 periods) Multinational Financial Case study and Financial Management home) CLO2.3
Management group discussion: (7th ed.) Exercises (in class): CLO3.1
30% - Chapter 1: MNCs 1. Foreign Exchange Rate
Multinational CLO3.2
Chapter 2: Exchange rates E-learning (on risks
determination LMS): 20% Financial Management CLO3.3
2. Role of Foreign Exchange
- Chapter 2: Exchange Rate CLO3.5
rates determination
Group Home Work (GHW)
for next section: 05 students
max./group
Section 2 International Monetary system Student Book: International Read: Chapter 4 (at home) CLO1.1
(5 periods) and Balance of payment presentation: Financial Management LMS CLO2.1
40% (7th ed.)
CLO3.1
Group - Chapter 4 -
discussion: 10% Balance of CLO3.2

Lecturer: 30% payment CLO3.3

E-learning (on CLO3.4

LMS): 20% CLO3.5

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Section 3 Chapter 5: Parity condition Student Book: International Read: Chapter 5, 6 (at home) CLO1.1
(5 periods) Chapter 6: Foreign Exchange presentation: Financial Management Exercises (in class): CLO1.2
Market (Part 1) 40% (10th ed.)
1. Arbitrage: How to Compute CLO1.3
Group Chapter 5: Parity
discussion: 10% condition 2. Foreign Exchange Risk CLO2.1
Management: CLO2.2
Lecturer: 30% Chapter 6: Foreign Importers/exporters
E-learning (on Exchange Market CLO2.3
LMS): 20% CLO3.1
Prepare the presentation
CLO3.2
- Management of
Transaction Exposure CLO3.3
- Management of CLO3.4
Economic Exposure
CLO3.5
- Management of
Translation Exposure

Section 4 Chapter 6: Foreign Exchange Lecturer: 50% Book: International Read: Chapter 6 (at home) CLO1.4
(5 periods) Market (Part 2) Exercise: 30% Financial Management CLO1.5
(7th ed.)
E-learning (on - Management of CLO2.2
LMS): 20% - Chapter 6: Foreign Transaction Exposure
Exchange Market CLO2.3
- Management of
Economic Exposure CLO3.1
CLO3.2

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 - Management of CLO3.3
Translation Exposure
CLO3.4
CLO3.5
Section 5 Futures & Option Markets Lecturer: 50% Book International Read: Chapter 08: Futures CLO1.4
(5 periods) (Part 1) Exercise: 30% Financial Management Markets CLO1.5
(7th ed.)
E-learning (on CLO2.2
LMS): 20% - Chapter 08: Do the homework for session
Futures Markets CLO2.3
4
CLO3.1
- Management of
Transaction Exposure CLO3.2
- Management of CLO3.3
Economic Exposure
CLO3.4
- Management of
Translation Exposure CLO3.5

Section 6 Futures & Option Markets Lecturer: 50% Book International Read: Chapter 07: Option CLO1.4
(5 periods) (Part 2) Exercise: 30% Financial Management Markets CLO1.5
(7th ed.)
E-learning (on CLO2.2
LMS): 20% - Chapter 07: Option Do the homework for session
Markets CLO2.3
5
CLO3.1
- Management of
Transaction Exposure CLO3.2

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 - Management of CLO3.3
Economic Exposure
- Management of CLO3.4
Translation Exposure CLO3.5

Section 7 Mid-term examination

Section 8 Currency Swaps Lecturer: 50% Book International Read: Chapter 09: Currency CLO1.4
(5 periods) Exercise: 30% Financial Management Swaps CLO1.5
(7th ed.)
E-learning (on CLO1.6
LMS): 20% Chapter 09: Currency
Swaps CLO2.2
Do the homework for session CLO2.3
- Management of CLO2.4
Transaction Exposure
- Management of CLO3.1
Economic Exposure CLO3.2
- Management of
CLO3.3
Translation Exposure
CLO3.4
CLO3.5
Section 9 Revision (Self-study at home Lecturer: 50% Book International Students prepare questions CLO1.4
(5 periods) and LMS) Exercise: 30% Financial Management which serve for the revision CLO1.5
- Management of (7th ed.): chapter content
E-learning (on 1,2,4,5,6,7,8,9 CLO2.2
Transaction Exposure LMS): 20%

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 - Management of CLO2.3
Economic Exposure
- Management of CLO3.1
Translation Exposure CLO3.2
CLO3.3
CLO3.4
CLO3.5
Total:
45 periods

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12. Student workload:
Students are responsible for participating in classes sufficiently (at least 80% class
hours). Especially, read the assigned materials before coming to the class, and practice
exercise (at class and home) are also necessary.
Students must observe the class and university regulations. In particular, cheating and
plagiarism will be not accepted in this course.
13. Student assessment system:
- Quizzes, Group discussion and presentation: 20%
- Mid-term examination: 30%
- Final examination: 50%

Scoring guide/Rubric

Rubric 2. Group discussion

Criteria Proportion Excellent Good Fair Insufficient
(%) (100%) (75%) (50%) (0%)
Explore the Often Occasionall Never
Participation issue and participant y participant participant in
20
attitude lead the in the in the the
discussion discussion discussion discussion
Uncertainty
Excellent in Good in Poor in
in analysis
Discussion skills 40 analysis and analysis and analysis and
and
evaluation evaluation evaluation
evaluation
Always
occasionally
Contribution 40 creative and Appropriate Inappropriate
appropriate
Appropriate

Rubric 3. Group presentation

Criteria Proportion Excellent Good Fair Insufficient
(%) (100%) (75%) (50%) (0%)
Almost
reach the Not reach the
requirement, requirement,
Over than Reach the
Content 10 however, missing a lot
requirement requirement
missing one of important
important contents
content

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 Quite Relatively Lack of
accurate and precise and precision and
Exactly and
scientific, scientific, science, with
20 scientificall
with a few with one many
y
small important important
failures failure failures
The The
The
structure structure and The structure
structure and
10 and slides slides are and slides are
slides are
Structure and are very relatively irrational
quite logical
visualization logical logical
Very Quite Relatively Less / Not
10 intuitive and intuitive and intuitive and intuitive and
aesthetic aesthetic aesthetic aesthetic
Present
Presentation
Leading the clearly but Difficult to
is not clear,
problem and not follow but
listeners
Presentation argument is appealing, still can
10 cannot
skills attractive and the understand
understand
and argument is important
important
convincing quite content
content
convincing
Having eye
Excellent in Good in eye No eye
contact, but
eye contact contact and contact and
Interaction skill 10 gesture
and gesture gesture gesture
interaction is
interaction interaction interaction
not good
Master your Absolutely
time and on time, Finished on
have with time, not
Time 10 completely occasionally flexible Overtime
management flexible flexible according to
according to according to the situation
the situation the situation
Questions Questions
Questions
are answered are answered Questions are
are
Question & mostly mostly not answered
10 answered
Answer correct and correct but mostly
fully,
present have not correct
clearly, and
appropriate given

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 satisfactoril direction to appropriate
y the directions to
unanswered the
questions unanswered
questions
The team
The team
has good
works very
coordination The team
well - really
when has poor
share and
presenting coordination No
support
Teamwork 10 and when coordination
each other
answering, presenting in the team
while
but and
presenting
sometimes is answering
and
inconsistenc
answering
y
14. Student support:
For any issues during the course, students can contact with the lecturer through the
following 2 methods:
- Direct: contact at the faculty office according to the working schedule of the
lecturer.
- Indirect: through the email of lecturer.

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