International Investment | L47xx
The global investor is faced with a complicated task. He must deal with multiple currencies, multiple markets, multiple cultures, and multiple regulatory environments. However, the most important aspect of international investment is the use of multiple currencies. Accordingly, the first module of this course lays the foundation of foreign exchange rates: the basic facts of foreign exchange quotations, international parity conditions and arbitrage implications, and exchange rate forecasting. The second module covers the various assets and markets available for global investing: international bonds, equities, alternative investments, and optimal international portfolio selection. The third and final module develops risk control techniques available with derivatives: forwards, futures, options, and swaps. Overall, this course will emphasize conceptual understanding and applications, rather than lengthy theoretical exposition and mathematical analysis.
Credit Hours: 3
ULW: This course does not satisfy the Upper Level Writing requirement (ULW)