Course syllabus
(6743) FINANZAS INTERNACIONALES / INTERNATIONAL FINANCE

Academic term 2024/2025

Spanish course syllabus

  1. Identification

    1. About the course

      2. Academic Term
      2024/2025
      Degree
      MÁSTER UNIVERSITARIO EN DIRECCIÓN Y GESTIÓN EN COMERCIO INTERNACIONAL / INTERNATIONAL TRADE
      Course
      FINANZAS INTERNACIONALES / INTERNATIONAL FINANCE
      Code
      6743
      Year
      PRIMERO
      Course type
      OBLIGATORIA
      Number of groups
      3
      ECTS
      6.0
      Estimation of workload
      150.0
      Timeline
      2º Cuatrimestre
      Languages
      English
      Academic Term 2024/2025
      Degree

      MÁSTER UNIVERSITARIO EN DIRECCIÓN Y GESTIÓN EN COMERCIO INTERNACIONAL / INTERNATIONAL TRADE
      Course FINANZAS INTERNACIONALES / INTERNATIONAL FINANCE
      Code 6743
      Year PRIMERO
      Course type OBLIGATORIA
      Number of groups 3
      ECTS 6.0
      Estimation of workload 150.0
      Timeline 2º Cuatrimestre
      Languages English

    2. Teaching staff

      • MIÑARRO GOMEZ, JOAQUIN Professor: BLENDED-SEMIPRESENCIAL, CHINA 1, CHINA 2 Group coordination: BLENDED-SEMIPRESENCIAL, CHINA 1, CHINA 2 Course coordinator

        Category

        CA

        Area

        There are no records

        Department

        There are no records

        Email / Personal web page / Online tutoring sessions

        joaquin.minarro@um.es Online tutoring sessions: Sí

        Phone number and office hours

      • BALLESTA SANCHEZ, FERNANDO Professor: BLENDED-SEMIPRESENCIAL, CHINA 1, CHINA 2 Group coordination:

        Category

        CA

        Area

        There are no records

        Department

        There are no records

        Email / Personal web page / Online tutoring sessions

        fernando.ballesta@um.es Online tutoring sessions: No

        Phone number and office hours

      • MORAN SERRANO, MIGUEL Professor: BLENDED-SEMIPRESENCIAL, CHINA 1, CHINA 2 Group coordination:

        Category

        CA

        Area

        There are no records

        Department

        There are no records

        Email / Personal web page / Online tutoring sessions

        miguelmoran@cinaex.com Online tutoring sessions: No

        Phone number and office hours

  2. Presentation

    3. Nowadays, cost management is an essential aspect for the company, if it is oriented towards efficiency and maximizing the activities that add value to the customer

    Decisions in the company are made considering its departments: technical, financial, commercial, strategic, etc Although the final decision combines these various approaches, the decision-making process improves if the financial aspect is clear, that is, if the impact that each alternative may have on the income statement can be estimated

    The purpose of this course is to introduce the participant to financial management and to delve into cost control in the company Starting from a brief review of the most important concepts in relation to cost accounting, the necessary tools for cost management will be presented, that is analysis, control and cost reduction

  3. Conditions of access to the course

    1. Incompatibilities

      2. There are no records

    2. Requirements

      3. There are no records

    3. Recommendations

      4. No existen recomendaciones para esta asignatura.

  4. Competencies

    1. Basic competencies

      • CB6: Poseer y comprender conocimientos que aporten una base u oportunidad de ser originales en el desarrollo y/o aplicación de ideas, a menudo en un contexto de investigación
      • CB7: Que los estudiantes sepan aplicar los conocimientos adquiridos y su capacidad de resolución de problemas en entornos nuevos o poco conocidos dentro de contextos más amplios (o multidisciplinares) relacionados con su área de estudio
      • CB8: Que los estudiantes sean capaces de integrar conocimientos y enfrentarse a la complejidad de formular juicios a partir de una información que, siendo incompleta o limitada, incluya reflexiones sobre las responsabilidades sociales y éticas vinculadas a la aplicación de sus conocimientos y juicios
      • CB9: Que los estudiantes sepan comunicar sus conclusiones y los conocimientos y razones últimas que las sustentan a públicos especializados y no especializados de un modo claro y sin ambigüedades
      • CB10: Que los estudiantes posean las habilidades de aprendizaje que les permitan continuar estudiando de un modo que habrá de ser en gran medida autodirigido o autónomo.

    2. Degree competencies

      • CG2: Desarrollar una propuesta de mejora en el área de comercio internacional de la empresa que mejore su competitividad en los mercados internacionales.
      • CG3: Capacidad para identificar los diferentes elementos relacionados con la operativa del comercio internacional para alcanzar los objetivos de la empresa.
      • CE9: Evaluar y manejar los instrumentos disponibles para las empresas a la hora de financiar y mitigar riesgos asociados a sus operaciones internacionales, así como realizar proyectos de inversión internacionales.

    3. Transversal and course competencies

      • Nueva Competencia

  5. Contents

    1. Theoretical contents

      2. Theme 1: Cost concept. Determination of the cost of production

      Theme 2: Cost classification

      Theme 3: Partial cost systems

      Theme 4: Process or order costing

      Theme 5: Full costing method

      Theme 6: Decision making with cost information

      Theme 7: Interpretation of financial language

    2. Practical contents

      • Practical activity 1: Panificadora La Altagracia

        The practical exercise that is proposed is a compilation of all the knowledge acquired during the module Based on real data from a running company, the student will carry out the calculations of the different cost components studied through the excel application Thus, starting from the financial accounting operating account, you will learn how to calculate the cost of raw materials, labour and manufacturing overheads, first starting with a full cost model and then with a model of variable cost (Direct Costing), obtain the production cost of two goods as well as the corresponding margins, data that will allow you to make the appropriate management decisions

        Related to:
        • Theme 1: Cost concept. Determination of the cost of production
        • Theme 2: Cost classification
        • Theme 3: Partial cost systems
        • Theme 5: Full costing method

      • Practical activity 2: Caso práctico final (Finanzas)

        Individual exercise in which the student must apply all the knowledge learned

        Related to:
        • Theme 7: Interpretation of financial language

  6. Training activities

    7. Training Activity Methodology Hours In-person
    AF1: Exposición Teórica / Clase Magistral

    Theoretical exposition. Master class

    		 30.0 100.0
    AF2: Seminarios / Aprendizaje orientado a proyectos / Estudios de Casos. Exposición y Discusión de Trabajos

    Seminars / Projectoriented learning / Case studies. Exhibition and discussion of work

    		 20.0 100.0
    AF3: Trabajo autónomo del estudiante

    Autonomous student work (studying the material, reading the support material, watching videos, carrying out case studies, etc.)

    		 96.0 0.0
    AF4: Tutorías individualizadas o en grupo

    Individual or group tutoring

    		 4.0 0.0
    Total 150.00

  7. Course schedule

    8. https://www.um.es/web/estudios/masteres/international-trade/2024-25#horarios

  8. Assessment systems

    9. Identifier Name of the assessment tool Assessment criteria Weighting
    SE1 Participación y aportaciones a discusiones teóricas y casos prácticos realizados en clase de manera individual o en grupo.

    In this section, students' attention, willingness to learn, the quality of the comments and questions asked by the students in class, as well as the participation and presentation of ideas generated in the practical cases and exercises during the class will be assessed

    In order to assess the monitoring, attention and willingness to learn of students, attendance at videoconferences, participation in them through the use of tools such as chat and the delivery of activities within the deadlines indicated in each task requested will be assessed

    		 20.0
    SE2 Pruebas escritas (Exámenes). Pruebas objetivas, de desarrollo, de respuesta corta, de ejecución de tareas, de escala de actitudes realizadas por los alumnos para mostrar los conocimientos teóricos y prácticos adquiridos.

    The exam may be made up of theoretical questions and/or exercises, and may be either a multiple choice test or a development and calculation test The exam will deal with the theoretical and practical contents of the subject as reflected in the syllabus and in the basic bibliography, as well as with the concepts and ideas dealt with in the classes

    Exam date: Ceck out the degree website

    		 40.0
    SE3 Informes escritos, trabajos, casos prácticos, caso final.

    The resolution of any activity proposed to the student will be assessed in this section This resolution must be individual and, of course, must be an original work by the student A good analysis and identification of the problem, its solution and conclusions obtained, the use of specific terms of the subject and the format and quality of the presentation will be assessed

    The group and/or individual practical activities will be delivered through the virtual classroom according to the criteria established during the course

    		 40.0

  9. Exam dates

    10. https://www.um.es/web/estudios/masteres/international-trade/2024-25#examenes

  10. Learning outcomes

    • Identify the organisation of foreign exchange markets, as well as the financial instruments of which they are composed
    • Identify business opportunities through the combined analysis of price levels and exchange rates
    • Make decisions on hedging contractual foreign exchange risk using appropriate financial instruments
    • Analyse how Export Credit Insurance works and its complementarity with means of payment
    • Identify the common elements in all medium and long-term financing
    • Differentiate the applicable financing structures depending on whether the operation is carried out in an emerging or developed country
    • Interpret how the terms and conditions of the commercial contract affect the financing of medium and long-term operations
    • Diagnose the different variables that may affect an investment project in order to generate the Business Plan
    • Diagnose the different variables that may affect a project in order to generate the Business Plan
    • Know the necessary steps to carry out a Business Plan and obtain the necessary data for the preparation of the Feasibility Plan
    • Analyse the interrelationships between the different parts of the project and the Feasibility Plan to be projected

  11. Bibliography

    12. Basic bibliography

    There are no records

    Further reading

    There are no records

  12. Remarks

    13. The final grade for the course will be the average obtained from the partial evaluation of each of the parts that make up the course

    The mark corresponding to this evaluation instrument SE1 will be saved from a first call to a second call Therefore, in the second call, students will have the corresponding mark obtained in the first call

    The student who does not take the exam will be marked as "no-show" in the minutes (even if he/she has obtained a mark in the rest of the assessment instruments)

    The mark corresponding to this evaluation instrument SE2, will be kept during the two academic calls of the course in forceThe mark corresponding to this assessment instrument SE3 is recoverable

    The mark corresponding to this evaluation instrument SE3, will be kept during the two academic calls of the current academic year

    The following remarks are valid for the scenarios included in ENAE BUSINESS SCHOOL's Contingency Plan 4

    AF PRESENTIALHorasPresencialidad
    AF1: Theoretical exposition. Master class25100%
    AF2: Seminars / Projectoriented learning / Case studies. Exhibition and discussion of work20100%
    AF3. TAutonomous student work (studying the material, reading the support material, watching videos, carrying out case studies, etc.)950%
    AF4. Individual or group tutoring10100%
    AF5: Opinion Forums00%
    AF HYBRIDHorasPresencialidad
    AF1: Theoretical exposition. Master class16100%
    AF2: Seminars / Projectoriented learning / Case studies. Exhibition and discussion of work4100%
    AF3. Autonomous student work (studying the material, reading the support material, watching videos, carrying out case studies, etc.)1220%
    AF4. Individual or group tutoring40%
    AF5: Opinion Forums40%
    AF VIRTUALHorasPresencialidad
    AF1: Theoretical exposition. Master class160%
    AF2: Seminars / Projectoriented learning / Case studies. Exhibition and discussion of work40%
    AF3. Autonomous student work (studying the material, reading the support material, watching videos, carrying out case studies, etc.)1220%
    AF4. Individual or group tutoring40%
    AF5: Opinion Forums4
    0%

    SPECIAL EDUCATIONAL NEEDS

    Those students with disabilities or special educational needs may contact the Service of Attention to Diversity and Volunteering (ADYV - https://www.um.es/adyv) to receive guidance on better use of their training process and, where appropriate, the adoption of measures of equalization and improvement for inclusion, under the Rectoral Resolution R-358/2016. The treatment of information about this student body, in compliance with the LOPD, is strictly confidential.

    STUDENT EVALUATION REGULATIONS

    Article 8.6 of the Student Evaluation Regulation (REVA) provides that "except in the case of activities defined as compulsory in the teaching guide, if the student is unable to follow the continuous evaluation process due to duly justified supervening circumstances, he/she shall be entitled to take a global test".

    It is also recalled that Article 22.1 of the Student Evaluation Regulations (REVA) stipulates that "the student who uses fraudulent conduct, including the improper attribution of identity or authorship, or is in possession of means or instruments that facilitate such conduct, will obtain a grade of zero in the evaluation procedure and, where appropriate, may be subject to sanction, after opening disciplinary proceedings".