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RM-I EM-15
1yr MBA-Executive 2015-16T-III

Course Syllabus Page 4

Course Syllabus


Course Information
(course title, credits, programme, academic year)

Foreign-Exchange Risk Management, 2.0, Executive MBA (1Y), 2015-2016


Professor Contact Information
(Professor’s name, phone number, email, office location, office hours)

Banikanta Mishra, 664-7827, banikant@ximb.ac.in, Rm 227: Admin Bldg, By Appointment (e-mail)


Course Pre-requisites, Co-requisites, and/or Other Restrictions
(including required prior knowledge or skills)

Pre-Req: Financial Management (should be comfortable with numbers and basic algebra)

Course Description

This course exposes you to risk management relating to international business. After learning about risk-management in general and also about the way foreign-exchange market works, we shall delve into the functioning of international business and try to decipher how risk arises in them. Then, we would learn about measuring and managing transaction exposure and how to manage it. Measuring and managing the economic exposure, the more challenging task, would be taken up next. Throughout, we would refer to real-life cases to highlight the issues discussed.


Student Learning Objectives/Outcomes

1. Understand the different approaches to risk management
2. Appreciate how risks arise in international transactions
3. Learn different ways to manage the risks that arise in international business


Required Textbooks and Materials

The text for this course is Multinational Financial Management by Alan Shapiro (please check with the library). My handouts and lectures would supplement the book.

Suggested Course Materials: You may also glance through The New York Institute of Finance Guide to Investing (Simon & Schuster). You may enjoy reading Peter Bernstein’s Against the Gods: The Remarkable Story of Risk (Wiley, 1998), especially if you are contemplating a career in risk-management.
Assignments & Academic Calendar
(Topics, Reading Assignments, Due Dates, Exam Dates)

Assignments: There would be some homework and case assignments. You should submit the assignment only on the date specified/announced; I would go over solutions to the assignment when I hand you back your graded assignment.

Indicative Schedule:
Week
Topics Covered
Refer To
1
Introduction to Risk-Management Strategies
Introduction to Exchange Rate and Foreign-Exchange Market
Lecture/ PPT
2
Measuring and Managing Translation Exposure
Text/ PPT
3
Measuring and Managing Transaction Exposure
Text/ PPT
4
Measuring and Managing Economic Exposure
Text/ PPT
5
Final Discussion of Cases and Assignments
Final Examination Review
Cases/ PPT/ File

Grading Policy
(including percentages for assignments, grade scale, etc.)

Grade distribution would be as per the Institute/University norm. Assignments (including cases) would carry 40% weight, examination(s) 40%, and class participation 20%.

Course & Instructor Policies
(make-up exams, extra credit, late work, special assignments, class attendance, classroom citizenship, etc.)

Some Basic Examination Rules: You would be given either a question-cum-answer paper or a question paper with an attached answer-paper. In the former case, you would be given a specific amount of space following each question for writing your answer. In the latter, you would be given a specific total number of pages to write your answers in; you should use both sides of each sheet and show your answers in ascending order (answer to Q.1 first, followed by answer to Q2, and so on), leaving half-inch gap between your answers. In all cases, leave half-inch margin on both left and right sides. Read instructions, if any, on the question/question-cum-answer book; if an instruction therein conflicts with one given here, then it overrides the one given here. If not specifically asked to use a pen, you may use either pen or pencil. Write legibly; if I cannot read what you have written, I will not give you any points for the relevant portion. Unless merely asked to tick the right answer, explain clearly all your derivations and answers; if no explanation is given, no credit will be given for merely ticking or jotting down the correct answer. Be precise; clumsy writing and imprecise or unnecessarily lengthy answers will be penalized. You are not allowed to seek any clarifications from anyone (not even your instructor) during examinations; if a question is wrong or unclear, just state why the question is wrong/unclear and, if possible, make an assumption and answer the question. If you are found to be justified doing what you did, you will get full points; or else, you would receive less (even zero).

Examinations: The closed-book examination(s) would typically have both conceptual questions and numerical problems (short, medium, long). I would provide you with formulae-sheet and PV-FV tables; you are not allowed to bring any formula-sheet to the examinations. Examination(s) would last for around 90-150 minutes. There will be no make-up examination, unless you miss the regular one due to an “emergency” (I may demand proof).

Attendance and CP (Class Participation): All students are expected to take an active part in class discussions. It is not enough for a student to do well in the above-cited quizzes/examinations and assignments. Class-participation is an integral component of the learning process. Therefore, I would urge you to come well-prepared to the class, to answer questions when called upon to do so, and to raise interesting issues for discussion. For each class, I would give you a score between 0 and 10. If you miss a class or are inactive, you would get 0 for that class. Each class carries a weight of around 1%; the total weight for CP is 10%.

Complaints: If you have problems with the course, please report to me first. You can push in printed slips under my office-door or talk to me face to face. If for some reason, you do not feel like talking to me or are not satisfied after talking to me, you can report to the Dean (Academics). I do sincerely respect your right to complain.

Contact Details: Though I am usually always available in my office (Room 227 Admin Block) between 11:00 a.m. and 6:00 p.m. (except lunch break) on weekdays (and at random hours on weekends), I may not always be free to talk to you. So, if you want a meeting, please get an appointment in advance. You can reach me in my office at extension 827 or my mobile 9437075075. My secretary, Ms Seema Nayak, may also be contacted to reach me. You can, of course, always reach me by e-mail at banikant@ximb.ac.in.



Academic Integrity (taken verbatim from the University of Texas, Dallas, format):

The faculty expects from its students a high level of responsibility and academic honesty. Because the value of an academic degree depends upon the absolute integrity of the work done by the student for that degree, it is imperative that a student demonstrate a high standard of individual honor in his or her scholastic work.

Scholastic dishonesty includes, but is not limited to, statements, acts or omissions related to applications for enrollment or the award of a degree, and/or the submission as one’s own work or material that is not one’s own. As a general rule, scholastic dishonesty involves one of the following acts: cheating, plagiarism, collusion and/or falsifying academic records. Students suspected of academic dishonesty are subject to disciplinary proceedings.

Plagiarism, especially from the web, from portions of papers for other classes, and from any other source is unacceptable and will be dealt with under the university’s policy on plagiarism (see general catalog for details). This course will use the resources of turnitin.com, which searches the web for possible plagiarism and is over 90% effective.


An Additional Code of Ethics:

You must abide yourself by the (unwritten) Code of Ethics for Students. For individual (group) assignments/examinations/projects, it is unethical to seek any direct help from others (other groups), whether or not you make use of the help. Besides, other forms of dishonesty (like plagiarism) would also invite severe punishment. Moreover, for a group assignment, all members of the group should contribute to the preparation of the report (no free-riders), and no direct help should be sought or taken from persons outside the group. Discussion among individual students and groups (except in the examination hall or class-room) is, of course, always encouraged. But, the final report or solution should be totally in your (your group’s) own style and language; any form of copying from another student (or group) or from any outside source is a serious offense. Moreover, you (or, wherever relevant, each member of your group) must fully and clearly understand every word and every step written in your (your group’s) report. Your basic purpose should be to learn, without resorting to any unfair means for getting a higher score/grade. If you resort to any unfair means, including, but not limited to, the ones mentioned above, you would receive an F in the course; I may also recommend to the Institute for your expulsion.



Created By: Alora Kar on 10/16/2015 at 12:18 PM
Category: MBA EX-15-T-III Doctype: Document

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