Course detail

International Finance

FP-EifPAcad. year: 2026/2027

Introduction to International Finance, Foreign Exchange Exposure, Credit Checking, Political Risk Assessment and Management, Terms of Payment and Doing Business Internationally, International Monetary System, European Monetary Union, International Financial Institutions, Export Credit Agencies, Foreign Direct Investments and Project Finance, Foreign Direct Investments and Capital Budgeting.

Language of instruction

English

Number of ECTS credits

5

Assignment to study programme types

Master's

Mode of study

Not applicable.

Entry knowledge

Students are required to have a knowledge of corporate finance (financial management) and macroeconomics.

Rules for evaluation and completion of the course

To be awarded credit, the following conditions must be met:

- attendance at lectures, preparation for seminars, and participation in discussions,

- completion and presentation of a seminar paper by the specified deadline

The seminar paper may be written individually or in pairs. The paper must meet standard requirements for formatting and content (title page, introduction, bibliography, etc.). The paper should be 10–20 pages in length and contain at least 15 citations (with an emphasis on the use of academic sources when dealing with older topics). Students are expected to use academic English.

The paper must be submitted before the presentation deadline. It is then presented in a seminar, with an expected duration of 15 minutes plus discussion. The paper is assessed on the basis of the following criteria: formal criteria, structure, fulfilment of the paper’s objective, accuracy of citations, presentation (clarity, communication with the audience) and adherence to the deadline. A maximum of 50 marks can be awarded; the pass mark is 25 marks.

Final Examination Requirements

A written examination comprising 5 open-ended questions and 5 closed-ended questions (multiple-choice, 4 options, 1–4 correct answers), with a maximum of 5 marks per question. The pass mark is 25 marks.The examination is graded according to the ECTS scale.

Attendance at lectures is optional. Attendance at seminars is compulsory and monitored by means of an attendance register (by signing in).

Aims

The goal is to get to know and understand:
- Framework conditions for the management of corporate finance in international area;
- Payment conditions in export contracts, taking into account the potential risks;
- Information sources for assessing the business and financial solvency of foreign business partners or other parties
- Disposable Payment and Paying-hedging instruments in foreign trade, which may be different variations of smooth payments or documentary payments;
- Short-and medium-and long-term refinancing instruments, such as bank loans (eg, state-supported by the Czech Export Bank), factoring, forfeiting, export leasing, etc.;
- Security tools in a variety forms, contracts providing exchange rate risk, credit risk by providing export credit insurance and various forms of bank or government guarantees.
Students will be able to identify individual needs according to the area of company international activities, they will be aware of the financial backing of these needs, they will be able to define and apply external resources for export financing, as well as methods of hedging.

Study aids

Not applicable.

Prerequisites and corequisites

Basic literature

MADURA, J. International financial management. 12th ed. Stamford, CT: Cengage Learning, 2015. ISBN 978-1-133-94783-7.
MOFFETT, M. H. – STONEHILL, A. I. – EITEMAN, D. K. Fundamentals of multinational finance. Boston, Mass.: Pearson/Addison-Wesley, 2006. ISBN 0-321-28031-8.
SHAPIRO, A. Multinational financial management. Hoboken: Wiley, 2010. ISBN 978-0-470-45035-2.

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR-EBF Master's 1 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

• Introduction to international finance, the Balance of Payments
• The history and the evolution of the international monetary systém
• Exchange rate regimes
• The European Monetary Union
• International financial institutions
• Introduction to multinational corporation management
• Financing a multinational corporation
• Foreign investments and investment strategy of multinaltional corpoarations
• Multinational capital budgeting and capital structure
• Taxes and multinational business strategy – international taxation of income

Exercise

13 hours, compulsory

Teacher / Lecturer

Syllabus

Active disscussion on topics of lectures, case studies, presentations of seminar papers.