1. Instructor: Dr. Keith Christian Jensen Malaspina University-College, British Columbia, Canada CSU – Hayward, California Jensen Economic Consulting Email: kcj@JensenEconomics.com Web: www.JensenEconomics.com Lecture notes: www.JensenEconomics.com/Moscow/ kcj@JensenEconomics.comwww.JensenEconomics.comwww.JensenEconomics.com/Moscow/kcj@JensenEconomics.comwww.JensenEconomics.comwww.JensenEconomics.com/Moscow/ FIN 6375 Seminar in Multinational Financial Management South-Western/Thomson Learning © 2003

2. Course Objectives… The basic objective of this course is to provide the overall insight of multinational financial management and extend the application of financial tools, techniques, and theories to multinational corporate financial management. The course covers the study of international financial environment and financial management of international firms. The basic objective of this course is to provide the overall insight of multinational financial management and extend the application of financial tools, techniques, and theories to multinational corporate financial management. The course covers the study of international financial environment and financial management of international firms.

3. Course Objectives It is expected that the course, upon completion, will enable students to deal with financial issues which multinational firms encounter in financial decision making process under diverse market conditions. In this light, the course focuses on the following three areas: It is expected that the course, upon completion, will enable students to deal with financial issues which multinational firms encounter in financial decision making process under diverse market conditions. In this light, the course focuses on the following three areas: –Multinational Risk –Multinational Investment Analysis –Multinational Financing

4. Course Requirements… The course requirement includes – –two exams, – –a research project, and – –group presentation and discussion of the prescribed cases and articles. The exams will be based on the prescribed reading materials and the materials covered in the class. Everybody is required to work on a research project in the area related to multinational financial management and submit by the scheduled date. The areas for the research project will be suggested.

5. Course Requirements… Cases and articles are prescribed for analysis and class discussion. You are required to sign up (in the group) only one case or an article to analyze and present in the class. Each group will be responsible to thoroughly prepare for class discussion, to respond to questions from others, and to turn in a detailed analysis of the case or the article on the day it is scheduled.

6. Course Requirements The group will need to meet several times before the scheduled date to prepare answers to all possible questions. The case analysis should cover a clear (i) identification of problems, (ii) analysis of problems, (iii) recommendations and (iv) expected results. The report on article should cover a detailed summary of (i) methodology, (ii) models, (iii) findings, and (iv) subsequent development in the area.

7. Course Procedures & Policies… Students are responsible to read the assigned subject matters as scheduled and work on the problems as assigned. This is a seminar class. Your participation is a MUST. Your participation in the class discussion of all cases, articles and assignments is a part of the course requirement and will be given credit. A make up exam is scheduled for those who miss one of the two exams. In fairness to all, make-ups will be comprehensive. If you miss both exams, you automatically fail the course.

8. Course Procedures & Policies No incomplete will be given except under medical grounds or force majure (unavoidable circumstances). Pre-approval is required. If you decide to drop the course, please remember the last day for dropping the course with “W”. Refer to the current schedule. You must have completed Fin 6300 prior to taking this course. No exception to this policy. Please refer to the university catalog.

9. Course Evaluation ACTIVITYPOINTSDATE Exam I 35 26 May Exam II 35 5 June Case or Article 10 As scheduled Research Project 15 5 June Participation5 TOTAL100

10. Class Schedule 19 May – Lecture 1Multinational Finance Overview 20 May – Lecture 2Exchange Rates, spot & derivatives 22 May – Lecture 3Arbitrage, Interest Rates & FX 23 May – Lecture 4Exposure Risk Management 26 May – EXAM I & Lecture 5Trading Finance 27 May – Lecture 6Direct Investment & Country Risk 29 May – Lecture 7Short Term Finance & Cash Mgt. 30 May – Lecture 8Multinational Capital Budgeting 2 June – Lecture 9Multinational Capital Structure 3 June – Lecture 10Long Term Financing 5 June – EXAM II & Projects Due