The Course Internaitonal Firms and Financial Environment will cover:

• Goals for international finance
• Globalization and the world economy
• Multinational corporations
• Theory of comparative advantage
• Evolution of the international monetary system
• European monetary system
• Balance of payments
• Governance and the public corporation
• Agency problems
• Corporate governance reform

This course is designed to provide students with knowledge in the area of International Firms and the Financial Environment. Specifically, it aims at providing students to following outcomes:

· Understand the foundations of international finance and the role of international firms in the world economy

· Understand international monetary systems, international trade and a country's balance of payments

· Perform an in-depth macro financial analysis of a country

· Understand corporate governance issues and causes/effects of financial crises

COVID-19 UPDATE (19 November 2021): The course is now switched to Distance Learning; the attendance requirements, however, remain the same as below.

According to the examination regulations, full student attendance is required for a PI. Students are committed to attend all attendance classes in order to pass the course. No information about the absence is necessary. If there is an absence in more than one lecture, a positive completion of the course is not possible.

UPDATE (19 November 2021): Due to the class size, the presentations will be individual, rather than group work. The presentations will be held online via MS Teams due to recent COVID-19 restrictions (Distance Learning)

The class will be held in English language.

The teaching and learning methods will be a mix of lectures and interactive discussions concerning the outlined learning outcomes. Additionally, there are individual assignments and group presentations (depending of class size). Students will be expected to work in small groups to prepare a presentation on topics relating to an international financial crisis or large-scale financial scandal.

In addition to the book chapters, supplemental reading material will be provided in order to facilitate class discussions. Discussion and active participation is not only encouraged, but expected.

Preparatory materials will be available at Learn@WU.

Leistungen für eine Beurteilung (Performance for an assessment):

· 15 % Individual assignment

· 40 % Individual Presentation (online)

· 45 % Final Exam

Grading:

90% or more: 1 (excellent)

80% or more: 2 (good)

70% or more: 3 (satisfactory)

60% or more: 4 (sufficient)

59,5% or less: 5 (fail)

You can contact the lecturer by email at

daniel.hill@wu.ac.at. Office hours are by appointment only. Please do not contact instructor regarding registration or waitlist questions.

For administrative matters and registration, please contact cfm@wu.ac.at.