Syllabus

Title
1640 ExInt: International Corporate Finance (Group 1)
Instructors
Univ.Prof. Thomas Lindner, Ph.D., Assoz.Prof. PD Dr. Jakob Müllner
Contact details
masterexint@wu.ac.at
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/21/20 to 09/30/20
Registration via LPIS
Notes to the course
Subject(s) Master Programs
International Corporate Finance
Dates
Day Date Time Room
Tuesday 10/06/20 09:00 AM - 12:00 PM Online-Einheit
Tuesday 10/13/20 09:00 AM - 12:00 PM Online-Einheit
Tuesday 10/20/20 09:00 AM - 12:00 PM Online-Einheit
Tuesday 11/03/20 09:00 AM - 12:00 PM Online-Einheit
Tuesday 11/10/20 09:00 AM - 12:00 PM Online-Einheit
Tuesday 11/17/20 09:00 AM - 12:00 PM Online-Einheit
Tuesday 11/24/20 09:00 AM - 12:00 PM Online-Einheit
Tuesday 12/01/20 09:00 AM - 12:00 PM Online-Einheit

On this page:

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Procedure for the course when limited activity on campus

The course will be held as an asynchronous distance learning course, irrespective of the Covid-19 development. No alternative plan B is required or considered.

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Contents

The course addresses classic corporate finance topics with a particular focus on international finance in small and medium enterprises. 

The course covers topics such as: 

  • International Capital Budgeting
  • Hedging Foreign Exchange Exposure 
  • Hedging Practice and Strategic Hedging  
  • International Capital Markets and Capital Issues 
  • Real Options, International Joint-Ventures & M&A 
  • Project Finance 
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Learning outcomes

During the course, students 

  • have acquired theoretical and conceptual knowledge on international financial management, 
  • learn about corporate valuation techniques, 
  • have a systematic understanding of financial risk management techniques,  
  • understand the relationships between taxation and finance, 
  • are knowledgeable about hedging instruments, 
  • understand strategic financial management in an international context. 
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Attendance requirements

No attendance is required. Weekly sessions are available asynchronously as lecture casts. Between lecture casts, students complete weekly assignments. The final exam is a take home exam that is held on learn@wu.

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Teaching/learning method(s)

Course design
The course is designed as an online, modular course that is taught entirely online on learn@wu. Students are expected to complete ALL weekly online learning components: 

  • Pre-session mandatory readers 
  • Recorded lecture casts (asynchronous) 
  • Online assignments and
  • Learning extensions (videos & podcasts) 

The course finishes with a written online exam (further info below). The distance course is supported online through student forums. 

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Assessment
  • Weekly online exercise 30% 
  • Final exam (individual) 70% 
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Readings
1 Author: Kirt C Butler
Title:

Multinational finance: Evaluating opportunities, costs, and risks of operations

Publisher: John Wiley and Sons
Year: 2016
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
2 Author: Adrian Buckley
Title:

International finance: A practical perspective

Publisher: Pearson Higher Education
Year: 2012
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
3 Author: Piet Sercu
Title:

International finance: Theory into practice

Publisher: Princeton University Press
Year: 2009
Content relevant for class examination: Yes
Recommendation: Reference literature
Type: Book
4 Author: Richard A Brealey, Stewart C Myers, Franklin Allen
Title:

Principles of corporate finance

Publisher: McGraw-Hill
Edition: 9. edition
Year: 2017
Content relevant for class examination: Yes
Recommendation: Reference literature
Type: Book
5 Author: Stefano Gatti
Title:

Project Finance in theory and practice

Publisher: Academic Press
Edition: 2. edition
Year: 2013
Recommendation: Reference literature
Type: Book
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Availability of lecturer(s)

Thomas Lindner: thomas.lindner@wu.ac.at
Tel.: +43-1-313 36-4368

Jakob Muellner: jakob.muellner@wu.ac.at 
Tel.: +43-1-313 36-4374

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Other

Course language: 

  • Teaching language is English. 
  • Course materials and student papers should be in English. 
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Unit details
Unit Date Contents
1 06.10.2020

09:00-12:00    Session 1: Introduction and Country Risk
2 13.10.2020

09:00-12:00    Session 2: International Capital Budgeting
3 20.10.2020

09:00-12:00    Session 3: Hedging Foreign Exchange Exposure 
4 03.11.2020

09:00-12:00    Session 4: Taxation & Reporting
5 10.11.2020

09:00-12:00    Session 5: International Capital Markets and Capital Issues
6 17.11.2020

09:00-12:00    Session 6: Real Options, International Joint-Ventures & M&A
7 24.11.2020

09:00-12:00    Session 7: Project Finance
8 01.12.2020

09:00-12:00    Session 8: Final exam
Last edited: 2020-10-05



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