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This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
This unit enables students to understand and critically examine debates on international trade and international finance as well as issues relating to the global economy. The unit demonstrates how economic concepts can be applied to these and other complex international business issues, and is concerned with the operation and role of international financial markets from a macroeconomic standpoint. The broad aim of the unit is to give students an increased awareness of current issues in international business and finance, and a framework for thinking about globalization and regional economic integration. The sections on international finance are focused on foreign exchange markets and the determination of exchange rates; the role of foreign exchange derivatives; the international monetary system; interest parity relationships; as well as how to measure and how to manage the foreign exchange rate risks.
Students must pass 2 units from ECF6105, ECF6115
On completion of this unit students should be able to:
Students attend a weekly two-hour lecture and one-hour tutorial. Lectures are used to introduce the central concepts of the unit, and to guide students through the various models, theories and their application. The tutorial allows students to work through tutorial questions, explore further the concepts presented in the lecture and obtain feedback on their progress. Students are required to complete two group problem-sets which are assessed for quality academic and professional standards, including written communication (structure, language and conventions), ability to work effectively with others, critical analysis (depth of thought, development of argument, logical analysis and insight), depth and breadth of coverage, and the ability to research effectively using both academic and contemporary sources. The teaching and learning approach is enhanced through in-class discussions and real life case studies, as well as student participation in teams to critically analyse problems and identify alternative solutions. Engaged teaching and learning is applied through relating real-world economic data/scenarios from international institutions to empirically analyse whether they correspond with theory or not.
GS1 GRADING SCHEMA 1 Used for standard coursework units
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
| Type | Description | Value |
|---|---|---|
| Participation | Participation in class discussions | 10% |
| Exercise | Excercise | 15% |
| Assignment | Assignment 2 (group work) | 15% |
| Examination | Final examination | 60% |
^ Mandatory reference
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
ECF6140|1|1
This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
This unit enables students to understand and critically examine debates on international trade and international finance as well as issues relating to the global economy. The unit demonstrates how economic concepts can be applied to these and other complex international business issues, and is concerned with the operation and role of international financial markets from a macroeconomic standpoint. The broad aim of the unit is to give students an increased awareness of current issues in international business and finance, and a framework for thinking about globalization and regional economic integration. The sections on international finance are focused on foreign exchange markets and the determination of exchange rates; the role of foreign exchange derivatives; the international monetary system; interest parity relationships; as well as how to measure and how to manage the foreign exchange rate risks.
Students must pass 2 units from ECF6105, ECF6115
On completion of this unit students should be able to:
Students attend a weekly two-hour lecture and one-hour tutorial. Lectures are used to introduce the central concepts of the unit, and to guide students through the various models, theories and their application. The tutorial allows students to work through tutorial questions, explore further the concepts presented in the lecture and obtain feedback on their progress. Students are required to complete two group problem-sets which are assessed for quality academic and professional standards, including written communication (structure, language and conventions), ability to work effectively with others, critical analysis (depth of thought, development of argument, logical analysis and insight), depth and breadth of coverage, and the ability to research effectively using both academic and contemporary sources. The teaching and learning approach is enhanced through in-class discussions and real life case studies, as well as student participation in teams to critically analyse problems and identify alternative solutions. Engaged teaching and learning is applied through relating real-world economic data/scenarios from international institutions to empirically analyse whether they correspond with theory or not.
GS1 GRADING SCHEMA 1 Used for standard coursework units
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
| Type | Description | Value |
|---|---|---|
| Participation | Participation in class discussions | 10% |
| Exercise | Excercise | 15% |
| Assignment | Assignment 2 (group work) | 15% |
| Examination | Final examination | 60% |
^ Mandatory reference
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
ECF6140|1|2