FINANCE 407

Multinational Financial Management

Fall 2024

Course Description: This course will familiarize students with financial decision making in an

international environment. Major topics covered include exchange rate risk and hedging, international debt and equity financing, and international investment decisions. FIN 305W is a prerequisite.

Materials: (1)    Textbook: “International Financial Management”, Tenth Edition, by Eun, Resnick, and

Chuluun. ISBN: 978-1-264-41309-6. You may also use an older edition.

(2)   Lecture notes will be available for download on Canvas. I recommend you print them out and write on them, by hand, during lectures. Lecture notes are incomplete – you    will need to take notes during class.

(3)   Top Hat. We will use Top Hat for in-class questions. Instructions to follow. Answering for someone else is a violation of academic integrity. This activity will result in an

Academic Integrity Incident Report and zero credit for class participation and class performance for the entire semester.

(4) One business calculator. You should bring your calculator to class each day because Top Hat questions and in-class exercises are often quantitative.

Evaluation: Homework (0%): Questions and problems will be posted on Canvas for practice.

Homework is not collected.

Quizzes (70%): There will be six quizzes over the semester. The first five quizzes are worth 15% each. The sixth quiz is worth 10%. The date for the final quiz will be announced later in the semester. Of the first five quizzes, your lowest quiz score will be dropped at the end of the semester.

Excused absences for quizzes include illnesses, family emergencies, military service, and religious observance. If you are ill, you must provide a note from a doctor indicating you  were advised to take rest on the day of the quiz. A note indicating you visited a clinic is insufficient. You must notify me prior to the quiz if you are unable to take a quiz for your absence to be excused.

Class Participation (15%): To receive full credit for class participation, you must answer at least 50% of in-class questions. There are no makeup opportunities for class participation.

Class Performance (15%): To receive full credit for class performance, you must answer correctly at least 50% of in-class questions. There are no makeup opportunities for class   performance.

It is your responsibility to maintain the Top Hat app and use it correctly. Problems with your device (broken, dead battery, etc.) are not grounds for makeup opportunities.

There maybe times when missing class is unavoidable, due to illness, interviews, etc.

You will not be explicitly penalized for missing class, but the more classes you miss, the more difficult it will be to earn full credit for class participation and class performance.

Please inform me of any extenuating circumstances that may affect your class attendance.

Community Help Board:

Please visit the “Discussions” tab in Canvas. Here you can post questions related to the course and receive feedback from other students. The purpose of this board is to create  collaboration and group learning across sections ofFIN 407.

Grading: The standard grading scale applies (93%+ = A, 90%-92% = A-, 87%-89% = B+, 84%-

86% = B, etc.). If necessary, grades will be curved such that the class average across all sections is at least a B+.

Class Etiquette:

I ascribe to the golden rule of classroom etiquette: Your behavior. should not distract me or, more importantly, your fellow students. Feel free to impress the class with your maturity.

Please arrive early for class to allow yourself time to get settled so we can begin class promptly. Also, please turn off cellphones and other electronic devices during class.  Laptop computers are not needed during lectures and are a distraction to both the user and other students in the class. As such, my recommendation is that laptop computers should be closed during lectures.

Miscellaneous:

Announcements about the class and various course materials will be posted on Canvas, so be sure to check Canvas regularly. It is your responsibility to keep apprised of important developments pertaining to the course.

The course outline is tentative. Do not be concerned if we get a little ahead or behind the schedule. Changes to the schedule, if necessary, will be announced in class and on Canvas.

This is a challenging course. You should expect to invest two hours outside of class studying for every one hour we spend together in class. The most effective way to learn the material is to complete each chapter’s homework questions and problems immediately after we have covered the material in class. Do not wait to study the material until just before a quiz.