The objective of the course is to introduce students to the fundamentals of international finance, international asset allocation and international financial management.

This course deals with financial challenges you will encounter when you operate across borders, in one way or another. Whether it is the currency risk you encounter when exporting your products abroad, the decision you face to perhaps start producing a broad, or the components that you import from abroad: if you are entrepreneurial, you need a minimum knowledge of international financial management in order to adequately manage risks, and to perceive financial opportunities. In the course, we try – as much as possible – to take the view of the entrepreneur. And we want you, the students, to take that same view. Of course, as with any area of expertise, you have to acquire a basic set of tools. But the course is about much more than just a set of tools. There is a strategic element to international financial management. For example, the same currency risk that you run by exporting abroad, can be hedged in many ways: you can buy currency futures or options, but you can also decide to produce in the country to which you export, thereby providing yourself with a so-called natural hedge. As you will see, the optimal decision requires you to correctly assess the risks involved in each scenario, as well as the extent to which you can hedge these risks, and the cost at which you do so. However, as is often the case when we talk about risk in finance, there is also such a thing as a risk preference. You, the entrepreneur, need to know about international financial management as much as you need to know your own risk appetite. The course prerequisites are limited (basic finance course and basic economics course) and thus this course is very well suited for exchange students.

Butler, K. C., 2016, Multinational Finance, 6th Edition, Wiley

This course has been cancelled for the:
* pre-master International Business specialisation Marketing-Finance
* pre-master International Business specialisation Strategic Corporate Finance
* pre-master International Business specialisation Sustainable Finance
See the Bachelor Education and Examination Regulations for more information.

The following rule applies to pre-master students who started the programme prior to academic year 2023-2024.
Specifically:
* Pre-master International Business specialisation Marketing-Finance
* Pre-master International Business specialisation Strategic Corporate Finance
* Pre-master International Business specialisation Sustainable Finance
TRANSITIONAL REGULATION (EBC2070):
Students who have not been able to successfully complete "International Financial Management" (EBC2070) before 2024-2025, do not comply with the requirement to successfully complete the pre-master in two academic years. Therefore, no additional examination options will be available.


This course is in transition for the bachelor Fiscal Economics.
Please read:
* the Addendum to Chapter XVI SBE Bachelor’s study programmes, article 16.8 in the SBE BSc EER 2023-2024
* the Transitional Regulations for BSc Fiscal Economics, Appendix I article 8 in the SBE BSc EER 2023-2024

The following rule applies to bachelor Fiscal Economics students.
TRANSITIONAL REGULATION (EBC2070):
The bachelor Fiscal Economics has been discontinued.

Whether a course is in transition, cancelled, or replaced depends on the cohort you are in. Sometimes there are additional criteria. It is therefore very important to carefully read the EER and the addendum so you can apply the rules to your individual situation.


PREREQUISITES:
* Basic courses in finance, economics and statistics. Exchange students should have followed a basic finance course and basic economics course.
* An advanced level of English