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Faculty of Business and Law 

School of Accounting, Economics and Finance

Unit Outline

FNCE3004 International Finance


Semester 2, 2023

Unit study package code: FNCE3004 


Mode of study: Internal
Tuition pattern summary: Note: For any specific variations to this tuition pattern and for precise
information refer to the Learning Activities section.
This unit does not have a fieldwork component.
Credit Value: 25.0
Pre-requisite units: 2807 (v.0) Managerial Finance 212 or any previous version
OR
12607 (v.0) Finance Principles 215 or any previous version
OR
FNCE2003 (v.0) Business Analysis for Investment or any previous version
OR
FNCE2000 (v.0) Introduction to Finance Principles or any previous version

Co-requisite units: Nil

Anti-requisite units: Nil

Result type: Grade/Mark


Approved incidental fees: Information about approved incidental fees can be obtained from our website.
Visit https://www.curtin.edu.au/students/essentials/fees/understanding-your-
fees/ for details.
Unit coordinator: Title: Dr
Name: Chen Zheng
Phone: +61892662978
Email: Chen.Zheng@curtin.edu.au
Location: Building: 407 - Room: 411A

Teaching Staff: Name: Rubaiyat Ahsan Bhuiyan


Phone: To be provided by lecturer to students
Email: rubaiyat.ahsan@curtin.edu.my
Location: Building: TBA - Room: TBA

Administrative contact: Name: Teaching Support Officer


Phone: Please email
Email: FBL-TSUnitAdmin@curtin.edu.au
Location: Building: N/A - Room: N/A
Learning Management System: Blackboard (lms.curtin.edu.au)

FNCE3004 International Finance Page: 1 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Acknowledgement of Country
We respectfully acknowledge the Indigenous Elders, custodians, their descendants and kin of this land past and
present. The Centre for Aboriginal Studies aspires to contribute to positive social change for Indigenous
Australians through higher education and research.

Coronavirus (COVID-19) Update


Curtin University is committed to supporting all our students and staff whether they are on campus, working
remotely or overseas. Your health, safety and wellbeing are our priority and the continuing COVID-19 pandemic
may require changes to the unit schedule, learning activities, delivery modes and assessment to provide flexible
and safe options to our community. Curtin will endeavour to keep changes and disruptions to a minimum at all
times. For current advice and further information visit https://www.curtin.edu.au/novel-coronavirus/.

Syllabus
In this unit, students extend their understanding of financial management, operations and decisions to an
international setting. Students will assess emerging technologies to generate forward-looking novel ideas and
solutions in international finance. The content of this unit includes the foundations of international financial
management; the foreign exchange market; exchange rate determination; currency derivatives; foreign exchange
exposure and management; world financial markets and institutions; and the financial management of the
multinational firm.

Introduction
The aim of this unit is to provide students with comprehensive knowledge and understanding of international finance with
focus on the application of it by firms and multinational corporations in an environment characterised by globalisation and an
integration of the world economy. More specifically, the unit content includes:

1. The international financial environment: globalisation and the multinational enterprise, foreign exchange markets,
quotations, arbitrage, and exchange rate determination.
2. Foreign exchange and interest rate risk management: how the multinational corporations measure and manage foreign
exchange and interest rate risks using derivative products and instruments.
3. International banking, international money market, international capital budgeting and international trade finance.

 
All students in this unit have the opportunity to contact me for additional consultation. My consult times are listed in the
contacts tab on blackboard. I encourage all students to contact me during my scheduled hours.

Unit Learning Outcomes


All graduates of Curtin University achieve a set of six Graduate Capabilities during their course of study. These
inform an employer that, through your studies, you have acquired discipline knowledge and a range of other skills
and capabilities which employers would value in a professional setting. Each unit in your course addresses the
Graduate Capabilities through a clearly identified set of learning outcomes. They form a vital part in the process
referred to as assurance of learning. The learning outcomes notify you of what you are expected to know,
understand or be able to do in order to be successful in this unit. Each assessment for this unit is carefully
designed to test your knowledge of one or more of the unit learning outcomes. On successfully completing all of
the assessments you will have achieved all of these learning outcomes.
Your course has been designed so that on graduating you will have achieved all of Curtin's Graduate Capabilities
through the assurance of learning processes in each unit.

FNCE3004 International Finance Page: 2 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Graduate Capabilities
On successful completion of this unit students can:
addressed
1 Demonstrate understanding of the macroeconomic and institutional foundations of
international financial management
2 Explain the determination of current and expected exchange rates and apply
appropriate hedging instruments to manage exchange rate risks
3 Evaluate the role of international financial markets and institutions in mitigating
exchange rate uncertainty
4 Create ethical and sustainable solutions for issues relating to firms operating in an
international environment
Curtin's Graduate Capabilities
Apply discipline
Innovative, creative and Effective communicators
knowledge, principles
entrepreneurial with digital competency
and concepts

Culturally competent to engage


Globally engaged and Industry connected and
respectfully with local First Peoples
responsive career capable
and other diverse cultures

Find out more about Curtin's Graduate Capabilities at the Learning Innovation and Teaching Excellence Centre
(LITEC) website: litec.curtin.edu.au

Learning Activities
Learning activities include lectures and tutorials. Lectures are by no means exhaustive. It is important to work,
before each lecture, through the textbook material that will be covered in lectures. Students are expected to
download the relevant PPT slides each week from Blackboard and bring them to the lectures. As for tutorials,
students are expected to attempt all tutorial questions before each tutorial class. Students are also expected to
work through textbook end-of-chapter questions and problems that will be discussed in tutorial sessions and
actively participate in the tutorial sessions to enhance their knowledge and understanding of the unit content.

Learning Resources

Library Reading List


The Reading List for this unit can be accessed through Blackboard.
Essential texts
The required textbook(s) for this unit are:

l C.S. Eun B.G. Resnick and T. Chuluun, International Financial Management, 10th edition, McGraw-Hill
Education, ISBN 978-1-266-22405-8
(ISBN/ISSN: 978-1-266-22405-8)

Other resources
Students are provided on Blackboard (as part of unit materials) with recorded ilectures for all the chapters
covered in lectures and also itutorials for end-of-chapter questions and problems that will be applicable to mid-
semester/trimester and end-of-semester/trimester assessment. These recorded ilectures and itutorials become
available at the end of the week that the lecture/tutorial is conducted.

FNCE3004 International Finance Page: 3 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Assessment

Assessment policy exemptions

l There are no exemptions to the assessment policy

Assessment schedule
Unit
Late Assessment
Value Learning
Task Date Due Assessments Extensions
% Outcome(s)
Accepted?* Considered?*
Assessed
eTest 25% Week: Week 8 1,2,3 No Yes
Starting 11
September 2023
Day: Thursday 14
1 September - Friday
15 September 2023
Time: 12pm 14/09,
2023 - 12pm 15/09,
2023 Perth WA time
Case study 35% Week: Week 12 1,2,4 Yes Yes
Starting 9 October
2023
2 Day: Friday 13
October 2023
Time: 5pm, Perth
WA time
Final Exam 40% Week: Weeks 15 2,3,4 Yes Yes
and 16 starting 30
3 October 2023
Day: TBA
Time: TBA
*Please refer to the Late Assessment and the Assessment Extension sections below for specific details and
conditions.
Detailed information on assessment tasks

1. eTest (25% of total marks)


The mid-semester test will be in the format of an eTest that all students have to complete
online. The eTest will cover chapters 1, 2, 3 and 5 of the prescribed textbook. Please refer to
the example test paper as well as the example of multiple choice questions attached to the
mid-semester test information on Blackboard. The example test paper is also accessible in an
eTest format similar to the eTest that you have to conduct online. By doing the example eTest
before attempting the real eTest, will familiarise you with how real eTest questions will appear
and how you should answer such questions. The real eTest is contained in
the Assessments Section on Blackboard. 
How will you be tested?
The details about the real eTest are the following:
l You are allowed to have your non-programmable calculator, pens/pencils and all unit

study material with you during the test since it is an open-book test.

FNCE3004 International Finance Page: 4 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

l The test will become available under the section “Assessments” on Blackboard at 12pm
on the day that the mid-semester test is scheduled in the unit outline and program
calendar.
l You have to conduct the test at any time between 12pm, 14 September and 12pm, 15
September on the date for the test stipulated in the unit outline. It will be in the format
of a multiple choice and short answer eTest.
l You are only allowed one attempt to the test. Therefore, please do not access the test
until you are ready to complete it in a single session.
l Total time allowed for completion of the test: 90 minutes. Therefore, ensure that you
have sufficient time available and will not be disturbed when conducting the test.
l The first part will consist of multiple choice theoretical questions from Chapters, 1, 2, 3
and 5. The second part will contain cross rate and arbitrage calculations from Chapter 5
for which you will have to show your workings in the space provided in the eTest.
Calculation questions will be based on those in the textbook but they will not be
identical. You have to answer all questions.
l The formula sheet that contains the formulas applicable for calculations, will be
accessible in the eTest. When you conduct the test, you are provided with the link to the
formula sheet and can access it. It is the same as the "eTest Formula sheet. docx." that is
attached to the mid-semester test information on Blackboard. When you conduct the
example eTest you will also get access to the same formula sheet. Therefore please
conduct this example eTest to familiarise yourself with the way that you obtain access to
it whilst conducting the eTest.
l You can access the eTest for feedback after the test was completely marked. This will
allow you to see which questions you answered correctly and which questions not.
The table below summarises the knowledge and understanding that you will require for the
mid-semester test.
CHAPTER END OF CHAPTER QUESTIONS AND PROBLEMS AS WELL AS OTHER
KNOWLEDGE AND UNDERSTANDING REQUIRED FOR THE MID-SEMESTER
TEST
Aspects addressed on lecture slides during lectures.
1
l
l Questions 2, 3, 4, 5 and 6 and should understand comparative advantage and its
application.

Aspects addressed on lecture slides during lectures.


2
l
l Questions 7, 9, 10, 11 and 12, as well as different exchange rate arrangements
discussed in lecture.

Aspects addressed on lecture slides during lectures.


3
l
l Questions 2, 6, 7 and 8 as well as an understanding of the different components of
a balance of payments and interpretation of a balance of payments position.

Aspects addressed on lecture slides during lectures.


5
l
l Questions 1, 2, 3, 4, 5, 7, 8, 9, 10 as well as an understanding of correspondent
banking relationships and how foreign exchange transactions are conducted
between them; spot rates; forward rates; different exchange rate quotations;
arbitrage; and triangular arbitrage.
l Problems: 3, 4, 9, 11, 13 and 15.

FNCE3004 International Finance Page: 5 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Assessment extension for eTest:


In all cases where you cannot complete the test during the dates and times that it will be
available and therefore need to apply for extension, please refer to the assessment extension
details provided in the unit outline (also a separate information item part of "Assessments" on
Blackboard) and follow the instructions.

2. Case study  - Foreign Exchange Hedging: (35% of total marks)

The  case study  - Foreign Exchange Hedging will comprise questions from chapters 5, 6, 7
and 8 of the prescribed textbook. The table below summarises the knowledge and
understanding that you will require for this case study.
 
CHAPTER LECTURES, END OF CHAPTER QUESTIONS AND PROBLEMS
l Aspects addressed on lecture slides during lectures.
5
l Questions 1, 2, 3, 4, 5, 7, 8, 9, 10 as well as an understanding of correspondent
banking relationships and how foreign exchange transactions are conducted between
them; spot rates; forward rates; different exchange rate quotations; arbitrage; and
triangular arbitrage.
l Problems: 3, 4, 9, 11, 13 and 15.

6 l Aspects addressed on lecture slides during lectures.


l Questions 1, 2, 3, 5, 6, 7 and 10. Students should also be able to interpret the
theoretical content of the questions to answer multiple choice questions that may be
theoretical or in practical context.
l Problems: 1, 2, 3, 8 and 12.

7 l Aspects addressed on lecture slides during lectures.


l Questions 1, 2, 3, 4, 5 and 6. Students should also be able to interpret the theoretical
content of the questions to answer multiple choice questions that may be theoretical
or in practical context.
l Problems: See problems at end-of-chapter 7 lecture slides.

8 l Aspects addressed on lecture slides during lectures.


l Questions 1, 2, 3, 4, 5, 6, 7, 9 and 10. Students should also be able to interpret the
theoretical content of the questions to answer multiple choice questions that may be
theoretical or in practical context.
l Problems: 3, 6, 7 and 8 a, b, c.

 
When and how to access case study:
The due date and time are stipulated in the unit outline. Please retrieve the information in time from
Blackboard to complete it. You are required to download the case study questions and the case study
answer sheet from the “Case Study - Foreign Exchange Hedging” section on Blackboard in the main
“Assessments” section. It consists of two documents, namely a document with case study scenarios and
questions on it and a separate pre-designed answer sheet. Answer all the case study questions by
completing the answer sheet provided.
How to submit case study answers:
Please submit your completed answer sheet via Turnitin before the due date and time shown under the
Assessment Schedule in the unit outline. Go to the Assessments folder where you will find a link
"View/Complete" under a heading called "Case Study - Foreign Exchange Hedging ". Click on the link
which will lead you to Turnitin and follow the instructions over there in order to submit your case study

FNCE3004 International Finance Page: 6 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

answers. I have also provided another link showing you some FAQs of submitting assignments with Turnitin
in the same folder. Please check it out before you submit your answers. You can submit the answers in
different formats like in Word, PDF or a scanned copy of handwritten answers.
Case study - Foreign Exchange Hedging marking criteria: Your case study answers will be graded based
on the correctness of your answers, since it consists of calculations. Marking will be conducted within two
weeks after submission by students.
Assessment extension:
In all cases where you cannot submit the case study answers before the due date and time, please refer to
the assessment extension details provided in the unit outline (also a separate information item part of
"Assessments" on Blackboard) and follow the instructions.
3. Final Exam  (40% of total marks)
The final exam will be in the format of a case study. You will be provided with a scenario for
which you are required to provide answers to specific questions. These questions will require a
combination of calculations and theoretical explanations.
This case study will comprise questions from chapters 6, 7, 8, 11, 14, 18 and 20 of the
prescribed textbook. The table below summarises the knowledge and understanding that you
will require for the case study. The final exam dates and venues will be made avaiable by the
Central Examinations Office before the end of the semester. Please retrieve the information
from your OASIS student account.
 
CHAPTER LECTURES, END OF CHAPTER QUESTIONS AND PROBLEMS
l Aspects addressed on lecture slides during lectures.
6
l Questions 1, 2, 3, 5, 6, 7 and 10. Students should also be able to interpret the
theoretical content of the questions to answer multiple choice questions that may be
theoretical or in practical context.
l Problems: 1, 2, 3, 8 and 12.

7 l Aspects addressed on lecture slides during lectures.


l Questions 1, 2, 3, 4, 5 and 6. Students should also be able to interpret the theoretical
content of the questions to answer multiple choice questions that may be theoretical
or in practical context.
l Problems: See problems at end-of-chapter 7 lecture slides.

8 l Aspects addressed on lecture slides during lectures.


l Questions 1, 2, 3, 4, 5, 6, 7, 9 and 10. Students should also be able to interpret the
theoretical content of the questions to answer multiple choice questions that may be
theoretical or in practical context.
l Problems: 3, 6, 7 and 8 a, b, c.

11 l Aspects addressed on lecture slides during lectures.


l Questions 1 and 2 and augmented by lecture slides pertaining to the content of
these questions. Students should also be able to interpret the theoretical content of
the questions to answer multiple choice questions that may be theoretical or in
practical context.
l Problems 1, 2, 3 and 4.

14 l Aspects addressed on lecture slides during lectures.


l Questions 1, 2, 3, 8 and 9 combined with lecture slide information regarding swap
types, swap banks and risks faced by swap dealers. Students should also be able to
interpret the theoretical content of the questions to answer multiple choice questions

FNCE3004 International Finance Page: 7 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

that may be theoretical or in practical context.


l Problems 1a, 2, 3 and 8.

l Aspects addressed on lecture slides during lectures.


18
l Questions 1 and 11. Students should also be able to interpret the theoretical content of the
  questions or questions in practical context.
l Problems 1 and 3.

20 l Aspects addressed on lecture slides during lectures.


l Questions 1, 2, 3, 4, 5, 8 and 10. Students should also be able to interpret the
theoretical content of the questions to answer multiple choice questions that may be
theoretical or in practical context.
l Problems 1 and 2.

When and how to access case study:


The due date and time are stipulated in the unit outline. Please retrieve the information in time from
Blackboard to complete it. You are required to download the case study questions and the case study
answer sheet from the “End-of-Semester Case Study” section on Blackboard in the main “Assessments”
section. It consists of two documents, namely a document with case study scenarios and questions on it
and a separate pre-designed answer sheet. Answer all the case study questions by completing the answer
sheet provided.
How to submit case study answers:
Please submit your completed answer sheet via Turnitin before the due date and time stipulated in the
unit outline and program calendar. Go to the Assessments folder where you will find a link
"View/Complete" under a heading called "End-of-Semester Case study ". Click on the link which will lead
you to Turnitin and follow the instructions over there in order to submit your case study answers. We have
also provided another link showing you some FAQs of submitting assignments with Turnitin in the same
folder. Please check it out before you submit your answers. You can submit the answers in different formats
like in Word, PDF or a scanned copy of handwritten answers.
Case study marking criteria: Your case study answers will be graded based on the correctness of your
answers, since it consists of calculations. Marks will become available when official marks are released by
the university.
Assessment extension:
In all cases where you cannot complete this case study during the dates and times that it will be available
and therefore need to apply for extension, please refer to the assessment extension details provided in the
unit outline (also a separate information item part of "Assessments" on Blackboard) and follow the
instructions.

Pass requirements
Students are required to attempt and submit all assessment tasks and achieve an overall mark of 50 or above to
pass the Unit.

FNCE3004 International Finance Page: 8 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Assessment Moderation

Fair assessment through moderation


Moderation describes a quality assurance process to ensure that assessments are appropriate to the learning
outcomes, and that students work is evaluated consistently by assessors. Minimum standards for the moderation
of assessments are described in the Assessment and Student Progression Manual, available from
policies.curtin.edu.au/findapolicy/

Pre-marking moderation
During course review processes the assessment design and management of the task related to moderation practices are
considered. Planned tasks are reviewed against the unit learning outcomes and syllabus, and the fairness of the assessment
judged. When a new assessment is planned, outside of the course review process, the Unit Coordinator (UC) discusses the
assessment design and marking guide with the unit’s co-assessor and other teaching staff. The UC and the co-assessor discuss
and finalise the content of all assessments before release to students. Marking guides or rubrics are developed by the UC and
co-assessor to ensure consistent marking practices. The requirements of the assessment task are clearly communicated to
students.

Intra-marking / Post-marking moderation


Where there are multiple staff marking assessments, the UC will ensure consistency across markers during the marking
process. A random selection of assessment submissions are assessed independently by two or more markers and the graded
work compared. Where differences occur, strategies will be adopted to ensure consistency of marking.

Late assessment
Where the submission of a late assessment is permitted, late penalties will be consistently applied in this unit.
Where a late assessment is permitted for an assessment item or the entirety of the unit (refer to the Assessment
Schedule table in this Unit Outline) and the student does not have an approved assessment extension:

1. For assessment items submitted within the first 24 hours after the due date/time, students will be penalised
by a deduction of 5% of the total marks allocated for the assessment task;
2. For each additional 24 hour period commenced an additional penalty of 10% of the total marks allocated
for the assessment item will be deducted; and
3. Assessment items submitted more than 168 hours late (7 calendar days) will receive a mark of zero.

Where late assessment is NOT permitted for an assessment item or the entirety of the unit (refer to the
Assessment Schedule table in this Unit Outline) and the student does not have an approved assessment extension:

1. All assessment items submitted after the due date/time will receive a mark of zero.

FNCE3004 International Finance Page: 9 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Assessment extension
Where an application for an assessment extension is permitted for an assessment item(s) within this unit (refer to
the Assessment Schedule table in this Unit Outline):

1. A student who is unable to complete an assessment item by/on the due date/time as a result of exceptional
circumstances beyond the student’s control, may apply for an assessment extension on the Assessment
Extension Application Form as prescribed by the Academic Registrar. The form is available on the Forms
page at https://students.curtin.edu.au/essentials/forms-documents/forms/ and also within the student's
OASIS (My Studies tab – Quick Forms) account.
2. The student will be expected to submit their application for an Assessment Extension with supporting
documentation via the online form.
3. Timely submission of this information supports the assessment process. For applications that are declined,
delayed submission may have significant ramifications on the possible marks awarded.
4. An application may be accepted up to five working days after the due date/time of the assessment item
where the student is able to provide a verifiable explanation as to why they were not able to submit the
application prior to the assessment due date/time

Where an application for an assessment extension is NOT permitted for an assessment item(s) within this unit
(refer to the Assessment Schedule table in this Unit Outline):

1. All assessment items submitted after the due date/time will be subject to late penalties or receive a mark of
zero depending on the unit permitting late assessment submissions.

Deferred assessments
If your results show that you have been granted a deferred assessment you should immediately check OASIS for
details.
Deferred examinations/tests will be held from 06/12/2023 to 15/12/2023 . Notification to students will be made
after the Board of Examiners’ meeting via the Official Communications Channel (OCC) in OASIS.

Further assessment
Further assessments, if granted by the Board of Examiners, will be held between 06/12/2023 and 15/12/2023 .
Notification to students will be made after the Board of Examiners meeting via the Official Communications
Channel in OASIS.
It is the responsibility of the student to be available to complete the requirements of a further assessment. If your
results show that you have been granted a further assessment you should immediately check OASIS for details.

Reasonable adjustments for students with disabilities/health circumstances likely to impact on


studies
A Curtin Access Plan (CAP) is a document that outlines the type and level of support required by a student with a
disability or health condition to have equitable access to their studies at Curtin. Carers for people with disability
may also be eligible for support. This support can include alternative exam or test arrangements, study materials
in accessible formats, access to Curtin's facilities and services or other support as discussed with an advisor from
AccessAbility Services.
Documentation is required from your treating Health Professional to confirm your health circumstances or carer
responsibilities.
If you think you may be eligible for a CAP, please contact AccessAbility Services. If you already have a CAP please
provide it to the Unit Coordinator in week 1 of each study period.

FNCE3004 International Finance Page: 10 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Referencing style
The referencing style for this unit is Chicago 17th B.
More information can be found on this style from the Library web site:
https://libguides.library.curtin.edu.au/uniskills/referencing/chicago17.

Privacy
As part of a learning or assessment activity, or class participation, your image or voice may be recorded or
transmitted by equipment and systems operated by Curtin University. Transmission may be to other venues on
campus or to others both in Australia and overseas.
Your image or voice may also be recorded by students on personal equipment for individual or group study or
assessment purposes. Such recordings may not be reproduced or uploaded to a publicly accessible web
environment. If you wish to make such recordings for study purposes as a courtesy you should always seek the
permission of those who are impacted by the recording.
Recording of classes or course materials may not be exchanged or distributed for commercial purposes, for
compensation, or for any other purpose other than personal study for the enrolled students in the unit. Breach of
this may subject a student to disciplinary action under Statute No 10 – Student Disciplinary Statute.
If you wish to discuss this please talk to your Unit Coordinator.

Copyright
The course material for this unit is provided to you for your own research and study only. It is subject to
copyright. It is a copyright infringement to make this material available on third party websites without the express
written consent of Curtin University.

FNCE3004 International Finance Page: 11 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Academic Integrity (including plagiarism and cheating)


Academic Integrity
Curtin's Student Charter, Academic Integrity Program (AIP), and core Values guide expectations regarding student
behaviour and responsibilities. Information on these topics can be found on the Academic Integrity Website.
Academic Integrity Warnings
An Academic Integrity Warning may be issued to a student in limited circumstances and only where misconduct is
not involved.
Academic Misconduct
Staff members are required to report poor academic practice and suspected misconduct. Academic Misconduct
means conduct by a student that is dishonest or unfair in connection with any academic work. This includes all
types of plagiarism, cheating, collusion, falsification or fabrication of content, and behaviours like falsifying
medical certificates for extension. Contract cheating, the use of file sharing, translation services/apps,
paraphrasing tools (text-spinners), article generators, and assignment help websites also may be considered
academic misconduct.
Check your assessment instructions carefully before using any generative artificial intelligence (Gen-AI) software
(e.g. Chat GPT, Midjourney, GitHub Copilot, etc.). You are not permitted to use Gen-AI software in any assessment
task unless written permission is explicitly granted by the Unit Coordinator (e.g. within Blackboard or the
assignment specifications). If the use of Gen-AI software has been approved, you must document its use, apply
appropriate acknowledgement and attribution rules, and include a statement as to the nature and extent of the
use when submitting the assessment. Unapproved, inappropriate, or undisclosed use may be dishonest or unfair
behaviour, and thus considered misconduct. For further information on the use of Gen-AI software see the
Academic Integrity Website.
The longer term personal, social, and financial consequences of misconduct can be severe, so please ask your
tutors or unit coordinator if you need clarification or are unsure what to do. If your work is the subject of an
inquiry, you will be given an opportunity to respond and appropriate support will be provided. Academic work
under inquiry will not be graded until the process has concluded. Penalties for misconduct may include a warning,
a reduced or nil grade, a requirement to repeat the assessment, an annulled grade (ANN) or termination from the
course. For more information refer to Statute No.10 Student Discipline and Academic Misconduct Rules.

FNCE3004 International Finance Page: 12 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Information and Communications Technology (ICT) Expectations


Curtin students are expected to have reliable internet access in order to connect to OASIS email and learning
systems such as Blackboard and Library Services.
You may also require a computer or mobile device for preparing and submitting your work.
Students are expected to have all the necessary equipment to study this unit – a computer and reliable
internet access.

If you need support or to access IT equipment on the Curtin Perth campus find out more

here: www.students.curtin.edu.au/study-support/facilities-equipment/. If access to any necessary equipment is not


available students should use the resources available in the Curtin University Library. If accessing the Curtin Library
is not possible, please contact your Unit Coordinator who will be able to refer you to support service.
Curtin Connect IT Support is available by phone (Phone: 1300 222 888)
For on campus Abacus lab assistance please call the IT Service Desk on 08 9266 9000 option 2, or email
service.desk@curtin.edu.au
As a Curtin student, you have access to a range of free and discounted software. Follow the steps below to
download your free copy of Microsoft Office 365. Within the OASIS ‘Welcome’ tab, click on ‘Open your OASIS
email’. Click ‘Office 365’ in the top left corner of the page. Select ‘Install Office’ and follow the prompts.
For general ICT assistance, in the first instance please contact OASIS Student Support:
oasisapps.curtin.edu.au/help/general/support.cfm
For specific assistance with any of the items listed below, please visit UniSkills and the IT tools and guides
webpage.

l Using Blackboard, the I Drive and Back-Up files


l Introduction to PowerPoint, Word and Excel

Additional information
Enrolment
It is your responsibility to ensure that your enrolment is correct - you can check your enrolment through the
eStudent option on OASIS, where you can also print an Enrolment Advice.

Student Rights and Responsibilities


It is the responsibility of every student to be aware of all relevant legislation, policies and procedures relating to
their rights and responsibilities as a student. These include:

l the Student Charter


l Values and Signature Behaviours
l the University's policy and statements on plagiarism and academic integrity
l copyright principles and responsibilities
l the University's policies on appropriate use of software and computer facilities

Information on all of the above is available through the University's "Student Rights and Responsibilities" website
at: students.curtin.edu.au/rights.
Note: In Australia and other jurisdictions, students are required to complete a screening check prior to
undertaking any activities that include children (e.g. surveying children at a school as part of a project). If this
applies to you, start by contacting your unit coordinator for advice.

FNCE3004 International Finance Page: 13 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Student Equity
There are a number of factors that might disadvantage some students from participating in their studies or
assessments to the best of their ability, under standard conditions. These factors may include a disability or
medical condition (e.g. mental illness, chronic illness, physical or sensory disability, learning disability), significant
caring responsibilities, pregnancy, religious practices, living in a remote location,or another reason. If you believe
you may be unfairly disadvantaged on these or other grounds please contact the appropriate service below. It is
important to note that the staff of the University may not be able to meet your needs if they are not informed of
your individual circumstances, so please get in touch with the appropriate service if you require assistance.
To discuss your needs in relation to:

l Disability or medical conditions, contact AccessAbility Services: https://students.curtin.edu.au/personal-


support/disability/
l Elite athletes, contact Elite Athlete Coordinator: https://stadium.curtin.edu.au/sport/academy/elite-athlete-
program/
l All other grounds, contact the Student Wellbeing Advisory Service: https://students.curtin.edu.au/personal-
support/counselling-guidance/wellbeing/

Recent Unit Changes & Response to Student Feedback


Students are encouraged to provide feedback through student surveys (such as eVALUate, Curtin's teaching and
unit survey and the annual Student Experience Survey) and interactions with teaching staff.
Listed below are some recent changes to the unit as a result of student feedback.
Textbook is updated based on the new edition. Lecture slides, tutorial questions and problems have been revised
to foster student knowledge. Furthermore, case studies have been modified to expose students to the real world
environment of applying theoretical knowledge gained from the unit content.

FNCE3004 International Finance Page: 14 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

Program calendar
Week Begin Date Lecture. Please note Tutorial (classroom Assessment Due/Notes
that textbook pre- tutes, collaborative
readings are required sessions or full
to enhance online)
understanding.

Orientation 17 July Orientation Week

1. 24 July    
Chapter 1: Globalization
and the Multinational
Firm

2. 31 July Chapters 2 and 3: Ch1: Questions 2, 3, 4, 5  


International Monetary and 6.
System and Balance of
Payments

3. 7 August Chapter 5 first part: The Ch2: Questions 7, 9, 10,  


Market for Foreign 11 and 12. Ch3:
Exchange Questions 2, 6, 7 and 8.

4. 14 August Chapter 5 second part: Ch5: Questions 1, 2, 3,  


The Market for Foreign 4, 8, 9 and 10.
Exchange Problems: 9 and 11.

5. 21 August Ch5: Questions 5 and 7.  


Chapter 6: International
Problems: 3, 4, 13 and
Parity Relationships and
15.
Forecasting Foreign
Exchange Rates  

6. 28 August Chapter 7: Futures and Ch6: Questions 1, 2, 3,  


Options on Foreign 5, 6, 7 and 10.
Exchange Problems: 1, 2, 3, 8 and
12.

7. 4 September Tuition Free Week

8. 11 September Mid-Term online eTest to be conducted by students between 12pm, 14 September


and 12pm, 15 September, Perth time (See Assessment Task details in unit outline).

9. 18 September Chapter 8: Introduction Ch7: Questions 1, 2, 3,  


to Forex Exposure Types 4, 5 and 6. Problems:
and Management of See problems at end-
Transaction exposure of-chapter 7 lecture
slides.

10. 25 September Chapter 11: International Ch8: Questions 1, 2, 3,  


Banking and Money 4, 5, 6, 7, 9 and 10.
Market Problems: 3, 6, 7 and 8
a, b, c.

11. 2 October Chapter 14: Interest Rate Ch11: Questions 1 and  


and Currency Swaps 2. Problems 1, 2, 3 and
4.

12. 9 October Chapters 18 and 20: Ch14: Questions 1, 2, 3, Assignment due on

FNCE3004 International Finance Page: 15 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law
Faculty of Business and Law 
School of Accounting, Economics and
Finance
 

International Capital 8 and 9. Problems 1a, 2, Friday 13 October before


Budgeting and 3 and 8. 5pm, Perth time.
International Trade
Finance

13. 16 October Revision Ch18: Questions 1 and  


11. Problems 1 and
3. Ch20: Questions 1, 2,
3, 4, 5, 8 and 10.
Problems 1 and 2.

14. 23 October Study Week

15. 30 October Examinations

16. 6 November Examinations

FNCE3004 International Finance Page: 16 of 16



Miri Sarawak Campus CRICOS Provider Code 00301J
17 Jul 2023 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Economics and Finance, Faculty of Business and Law

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