Faculty of Business and Law

MPE707 International Banking and Finance

Deakin University Unit Guide

Trimester 1, 2018
CONTENTS

WELCOME ........................................................................................................................................................................... 2
WHO IS THE UNIT TEAM? ................................................................................................................................................... 2
Unit Chair: leads the teaching team and is responsible for overall delivery of this unit ............................................ 2
Unit chair details ......................................................................................................................................................... 2
Other members of the team and how to contact them .............................................................................................. 2
Administrative queries ................................................................................................................................................ 2
ABOUT THIS UNIT ............................................................................................................................................................... 3
Unit development in response to student feedback ................................................................................................... 3
Your Course and Deakin's Graduate Learning Outcomes ........................................................................................... 3
Your Unit Learning Outcomes ..................................................................................................................................... 4
ASSESSING YOUR ACHIEVEMENT OF THE UNIT LEARNING OUTCOMES ........................................................................... 4
Overview ..................................................................................................................................................................... 4
Hurdle requirements ................................................................................................................................................... 4
Summative assessment ............................................................................................................................................... 4
- Summative assessment task 1 .................................................................................................................................. 5
- Summative assessment task 2 .................................................................................................................................. 5
Your learning experiences in this Unit - and your expected commitment .................................................................. 6
Contact Hours ............................................................................................................................................................. 6
Note ............................................................................................................................................................................. 7
UNIT LEARNING RESOURCES .............................................................................................................................................. 7
Essential learning resources ........................................................................................................................................ 7
Recommended learning resources ............................................................................................................................. 7
KEY DATES FOR THIS TRIMESTER ....................................................................................................................................... 7
UNIT WEEKLY ACTIVITIES ................................................................................................................................................... 8

24 January 2018
 Deakin University, Faculty of Business and Law
MPE707 International Banking and Finance - Trimester 1, 2018

WELCOME

Welcome to the unit MPE707 International Banking and Finance. We hope that you will find this unit both intellectually
stimulating and relevant to your studies in your current course and your future directions as a Deakin graduate.

You may need to contact the unit team at some stage during this trimester. Most communication will be via the discussion
boards on CloudDeakin. But for personal matters or in an emergency, you may need to contact the unit team
directly. Our contact details are as below.

This Unit Guide provides you with the key information about this Unit. For the best chance of success, you should read it
carefully and refer to it frequently throughout the trimester. Your Unit site (inside DeakinSync) also provides information
about your rights and responsibilities. We will assume you have read this before the Unit commences, and we expect you to
refer to it throughout the trimester.

WHO IS THE UNIT TEAM?

Unit Chair: leads the teaching team and is responsible for overall delivery of this unit

Xuan Nguyen

Unit chair details

Name Dr Xuan Nguyen

Department Economics
Faculty Business and Law
Campus Melbourne Burwood Campus (Room: lb5.317)
Email xuan.nguyen@deakin.edu.au
Phone +61 3 925 17798

Other members of the team and how to contact them

Lecturer Dr Ha Vu
Department Economics
Faculty Business and Law
Campus Melbourne Burwood Campus
Email ha.vu@deakin.edu.au
Phone +61 3 924 45134

Administrative queries

If you need help with any aspect of your life at Deakin, you can:

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 Deakin University, Faculty of Business and Law
MPE707 International Banking and Finance - Trimester 1, 2018

● Contact your Unit Chair or Lecturer

● Speak to a Student Adviser
● Drop in or contact Student Central
● Ask Watson in DeakinSync
● Visit the Division of Student Life

ABOUT THIS UNIT

This unit will provide participants with the ability to identify the major issues associated with the globalisation of financial
markets and to understand the functions of the international financial and banking systems. Topics include
internationalisation of banking and finance, foreign exchange markets and the balance of payment accounts, international
parity conditions, the international monetary system, exchange rate arrangements and government intervention, foreign
exchange derivatives, foreign exchange exposure and management, international banking and global financial markets and
country risk analysis and debt crisis.

Unit development in response to student feedback

Every trimester, we ask students to tell us, through eVALUate, what helped and hindered their learning in each Unit. You are
strongly encouraged to provide constructive feedback for this Unit when eVALUate opens (you will be emailed a link).

In previous versions of this unit, students have told us that these aspects of the Unit have helped them to achieve the
learning outcomes:

● The assignment that consists of an online currency trading game and an analytical report
● Updated and high quality teaching materials
● Timely support from the unit team

They have also made suggestions for improvement, and so this is what we have done:

● Marking rubrics revised and updated

● More consultations during the examination period

Towards the end of the teaching period you will be emailed a link to the eVALUate survey for this unit. I encourage you to
complete this as the results are used to help assess curriculum, teaching and assessment directions in this unit.

If you have any concerns about the Unit during the trimester, please contact the unit teaching team - preferably early in the
trimester - so we can discuss your concerns, and make adjustments, if appropriate.

Your Course and Deakin's Graduate Learning Outcomes

GLO1 Discipline-specific appropriate to the level of study related to a discipline or profession

knowledge and
capabilities:
GLO2 Communication:
GLO3 Digital literacy:
GLO4 Critical thinking:
GLO5 Problem solving:
using oral, written and interpersonal communication to inform, motivate and effect change
using technologies to find, use and disseminate information
evaluating information using critical and analytical thinking and judgment
creating solutions to authentic (real world and ill-defined) problems

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 Deakin University, Faculty of Business and Law
MPE707 International Banking and Finance - Trimester 1, 2018

GLO6 Self-management: working and learning independently, and taking responsibility for personal actions
GLO7 Teamwork: working and learning with others from different disciplines and backgrounds
GLO8 Global citizenship: engaging ethically and productively in the professional context and with diverse
communities and cultures in a global context

Each Deakin course has Course Learning Outcomes which explain what the Deakin Learning Outcomes mean in your
discipline. Learning in each unit builds towards the Course Learning Outcomes.

Your Unit Learning Outcomes

Each Unit in your course is a building block towards these Graduate Learning Outcomes - not all Units develop and assess
every Graduate Learning Outcome (GLO).

These are the Learning Outcomes (ULO) for this Unit Deakin Graduate Learning
At the completion of this Unit, successful students can: Outcomes
ULO1 Explain key features of the global financial, monetary and banking systems. GLO1: Discipline-specific
knowledge and capabilities
ULO2 Apply theoretical ideas to analyse the behaviour of foreign exchange markets. GLO1: Discipline-specific
knowledge and capabilities
GLO5: Problem solving
ULO3 Evaluate information and use technologies to undertake transactions in foreign GLO3: Digital literacy
exchange markets. GLO4: Critical thinking
ULO4 Examine the role of uncertainty in financial markets and demonstrate how GLO1: Discipline-specific
uncertainty can be managed. knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving
ULO5 Develop the skills needed to tackle complex issues in international banking and GLO6: Self-management
finance.

ASSESSING YOUR ACHIEVEMENT OF THE UNIT LEARNING OUTCOMES

Overview

In brief, these are the assessment tasks for this Unit (details below):

Assignment (Individual) 40%, Examination 2 hours 60%

Hurdle requirement: achieve at least 50% of the marks available on the examination.

Hurdle requirements

Brief summary of hurdle requirement Rationale

Achieve at least 50% of the marks To satisfy the minimum requirements of GLO1, GLO4, and
available on the examination GLO5 for this unit

Summative assessment

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(tasks that will be graded or marked)
NOTE: It is your responsibility to keep a backup copy of every written assignment. In the unusual event that one of your
assignments is misplaced, you will need to submit the backup copy. Any work you submit may be checked by electronic or
other means for the purposes of detecting collusion and/or plagiarism.
- Summative assessment task 1
Brief description of assessment
task
Detail of student output
Grading and weighting
(% total mark for unit)
This task assesses your
achievement of these Unit
Learning Outcome(s)
This task assesses your
achievement of these Graduate
Learning Outcome(s)
How and when you will receive
feedback on your work
When and how to submit your
work
- Summative assessment task 2
Brief description of assessment
task
Detail of student output
Grading and weighting
(% total mark for unit)
24 January 2018
Deakin University, Faculty of Business and Law
MPE707 International Banking and Finance - Trimester 1, 2018
Summative Assessment Task 1 (Individual)
The individual assignment includes an online currency trading game and an analytical
report.
The online currency trading game: students are to trade currencies based on the
demo account provided by the unit team.
The analytical report: students are to write a report on their currency trading
activities in no more than 2,000 words.
40%
ULO1: Students will be able to explain the key features of the global financial market.
ULO2: Students will be able to analyse the behaviour of the foreign exchange market
movements.
ULO3: Students will be able to use the functions available on the trading platform to
perform the currency transactions.
ULO4: Students will be able to understand and manage risk in the foreign exchange
market.
ULO5: Students will be able to address complex issues in the foreign exchange
market.
GLO1: Students will be able to explain the key features of the global financial market.
GLO3: Students will be able to use the functions available on the trading platform
to perform the currency transactions.
GLO4: Students will be able to evaluate the information and uncertainty in the
foreign exchange market.
GLO5: Students will be able to analyse the foreign exchange market behaviour
and manage risk.
GLO6: Students will be able to develop skills to work independently and
take responsibilities in the foreign exchange market.
Students can consult with the unit chair throughout the trimester and receive
timely support on their trading activities.
Online submission via CloudDeakin by 11:59pm AEST 10 May 2018.
Summative Assessment Task 2 (Individual)
2-hour examination. Individual written paper. Closed book.
The exam will cover all topics discussed during the trimester.
60%
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 Deakin University, Faculty of Business and Law
MPE707 International Banking and Finance - Trimester 1, 2018

This task assesses your
achievement of these Unit
Learning Outcome(s)
This task assesses your
achievement of these Graduate
Learning Outcome(s)
How and when you will receive
feedback on your work
When and how to submit your
work
ULO1: Students will be able to demonstrate an understanding of fundamental
theories in international banking and finance.
ULO2: Students will be able to analyse the behaviour of the foreign exchange market
movements.
ULO4: Students will be able to evaluate and manage risk in the foreign exchange
market based on a problem provided.
ULO5: Students will be able to address complex issues in the foreign exchange
market.
GLO1: Students will be able to demonstrate an understanding of fundamental
theories in international banking and finance.
GLO4: Students will be able to evaluate the information and uncertainty in the foreign
exchange market.
GLO5: Students will be able to analyse the foreign exchange market behaviour and
manage risk based on a hypothetical situation.
Results will be released according to the university calendar.
The university's examination period. Students are responsible to check their
examination timetable on Student Connect.

Your learning experiences in this Unit - and your expected commitment

To be successful in this unit, you must:

● Read all materials in preparation for your classes or seminars, and follow up each with further study and research on the
topic;
● Start your assessment tasks well ahead of the due date;
● Read or listen to all feedback carefully, and use it in your future work;
● Attend and engage in all timetabled learning experiences as follows:

Contact Hours

Campus: 1 x 3 hour seminar per week

Cloud(online): Learning resources are via CloudDeakin

Students will on average spend 150-hours over the trimester undertaking the learning and assessment activities for this unit.
This will include 3 face-to-face contact hours per week, 5-10 self-study hours per week, and 20-30 hours working on the
assignment during the trimester.

This unit is available to both Campus and Cloud (online) students at postgraduate level. All students are required to have
primary access to the electronic teaching and learning environment: CloudDeakin. CloudDeakin will be used for distribution
of course materials, administrative and other communications, online teaching and learning, submission of assignments,
posting of grades, etc. Students new to Deakin should understand that they are about to enter a teaching and learning
environment which may be significantly different from what they have previously experienced, and that a familiarity with the
functioning and capability of CloudDeakin is crucial to their learning experience. Students are also required to have access to
internet to undertake currency trading for the purpose of the assignment.

Class slides and problem sets, along with extra readings, will be supplemented during the trimester. It is essential that you
use these resources in a complementary manner.

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 Deakin University, Faculty of Business and Law
MPE707 International Banking and Finance - Trimester 1, 2018

Note

At Deakin,

● Lectures are referred to as classes (definition: a general meeting for all students, for which students do not need to
register and where students are engaged through presentations and learning activities)
● Tutorials, workshops and seminars are referred to as seminars (definition: more interactive meetings for smaller groups
of students)
● For the complete list of agreed definitions for learning experiences, see the Course Design and Delivery Procedure

UNIT LEARNING RESOURCES

Your unit learning resources are available in CloudDeakin.

Except for the required textbook, other (electronic) reading materials will be provided during the trimester via CloudDeakin
which include weekly customised lecture slides, extra readings and problem sets and solutions.

Essential learning resources

You will require online access. University specifications for online communication and computer standards are listed in the
University Handbooks.

● Eun, C and Resnick, B, International Financial Management, (McGraw-Hill, 8th edn., 2017)

Other reference books, general books and software may be purchased from the on-campus DUSA Bookshops:
Phone 1800 686 681 (freecall)
Email dusa-bookshop@deakin.edu.au

Alternatively, you can order online from the DUSA Bookshop web site at http://www.dusabookshop.com.au

Recommended learning resources

The Deakin Software Library provides students with access to software that you may need or find useful for your study at
Deakin.

The following is a range of suggested additional references that you may find useful at times during the study of this unit:

● Froyen, RT 2013, Macroeconomics: Theories and Policies, 10th edn, Prentice Hall.
● Krugman, P and Obstfeld, M 2012, International Economics: Theory and Policy, 9th edn, Pearson.
● Moffett, MH, Stonehill, AI, and Eiteman, DK 2012, Fundamentals of Multinational Finance, 4th edn, Pearson.
● Moosa, IA 2010, International Finance: An Analytical Approach, 3rd edn, McGraw-Hill Australia.

KEY DATES FOR THIS TRIMESTER

Trimester begins (classes begin) Monday 5 March 2018

Intra-trimester break (a short break during trimester) Friday 30 March - Sunday 8 April 2018

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 Deakin University, Faculty of Business and Law
MPE707 International Banking and Finance - Trimester 1, 2018

Trimester ends (classes cease) Friday 25 May 2018

Study period (examination preparation period) Monday 28 May - Friday 1 June 2018
Examinations begin Monday 4 June 2018
Examinations end Friday 15 June 2018
Inter-trimester break (the period between trimesters) Monday 18 June - Friday 6 July 2018
Unit results released Thursday 5 July 2018 (6pm)

UNIT WEEKLY ACTIVITIES

Week Commencing Topic Assessment activity

1 5 March 2018 Topic 1: Internationalisation of banking and finance
2 12 March 2018 Topic 2 Part 1: The foreign exchange markets and exchange rates
3 19 March 2018 Topic 2 Part 2: The balance of payments accounts
26 March 2018 FX trading
4
Topic 2 Part 3: Exchange rate determination, speculation and arbitrage
Intra-trimester break: Friday 30 March 2018 - Sunday 8 April 2018 (inclusive)
5 9 April 2018 Topic 2 Part 3: Exchange rate determination, speculation and arbitrage
(continued)
6 16 April 2018 Topic 3: International parity conditions
7 23 April 2018 Topic 3: International parity conditions (continued)
8 30 April 2018 Topic 4: The international monetary system, exchange rate arrangements
and government intervention
7 May 2018 Topic 5: Foreign exchange derivatives Assignment due
9 11:59PM AEST
10 May 2018 (AEST)
10 14 May 2018 Topic 6: Foreign exchange exposure and management
11 21 May 2018 Topic 7: International banking and global financial markets, recent debt and
financial crisis (continued)
Revision

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