A study of ‘international’ finance is essential given the high degree of integration and globalisation of the world economy. Further liberalisation of international trade, investment and rapid advances in telecommunication and transportation technologies will ensure the continuation of this process. The material covered in this course introduces the students to the international monetary system and balance of payments, the foreign exchange market, international capital markets and institutions, management of foreign exchange and political risks, financial management of the multinational firm, and covers recent developments in international capital markets and the world economy. Students will examine the barriers to international capital flows and study the various financial techniques developed to overcome these barriers. The focus of the course is ‘global’ in nature and closely follows current developments on the world economic stage. It places a strong emphasis on ‘connecting the dots’ between theory and practice and requires the students to develop an understanding of current international financial and economic events.