International Finance and Management
MSc

Modules

• International Finance and Accounting Core

International Finance and Accounting (Core)

International managers need to be able to both analyse and comprehend accounting and financial data to support and evaluate a company's international business goals and to develop appropriate an international financial strategy for its future.

This module is designed to teach you how to develop and analyse various and appropriate financial data, and to understand the important relationship between financial instruments, decision-making and business strategy on a globalised scale.

You will learn how to recognise the importance of accounting information and the criticality of ethical financial reporting. You will also learn to examine the correct accounting methodology for analysing business transactions, making business decisions and measuring business results 

Credits: 20

• Applied Research Skills Core

Applied Research Skills (Core)

The overall aim of this module is to enable students to understand how a range of research methods can be used to structure inquiry and develop the evidence base for business management issues within a globalised context.

Techniques learnt may include but not be limited to:

• Qualitative analysis
• Quantitative analysis
• Inferential and descriptive statistics
• Grounded theory
• Case study
• Multivariate analysis

Students will learn how to investigate either business or social issues currently challenging the socio-economic environment.

Credits: 20

• Research/Consultancy Project Core

Research/Consultancy Project (Core)

In this module, you will elect to complete either a consultancy project or a research-based dissertation.

Consultancy project 

For the consultancy project you will perform an authoritative piece of work on a business or management brief established by a real project client. The work will typically take an in-depth look into a defined research area, and result in a substantial report containing extensive research, rigorous scenario analysis and practical conclusions.

The consultancy project is an opportunity for you to engage in a form of action research through the application of knowledge pragmatically to real-world situations and interactive feedback with real clients. Feedback to the clients on the feasible solutions will therefore form an integral part of the assessment.

Research-based dissertation

The research project gives you the opportunity to work independently at an advanced academic level. The research project aims to:

• Develop skills of source analysis and interpretation
• Assess a range of primary source material and the relevant secondary literature
• Develop students' powers of historical argument
• Develop skills of primary research, including project and information management, independent working and the ability to research primary and secondary materials independently

These skills will be developed via the research project investigating and addressing contemporary issues within the international business environment.

If you are an international student you are welcome to address topics affecting your country's domestic business environment in relation to international trade and commerce.

Credits: 60

• Economics and International Finance Core

Economics and International Finance (Core)

This module focusses on the application of economic theory to the understanding and assessment of global economic performance and the role of economics and finance to investigate and address contemporary issues facing a globalised society.

It is designed to complement microeconomics, macroeconomics and finance theories by examining the applications of the theories with a specific focus on international business. By the end of this module, you should be able to:

• critically evaluate aspects of global economic performance and international business
• apply your understanding of economic and financial concepts to real-world situations
• demonstrate an understanding of how economic and financial theories are used to formulate international policies

This module will provide you with both the knowledge and skillset to comprehend the role of economic and finance theories and your role in shaping the role of government and business in both developing and developed countries.

Credits: 20

• Investment Markets and Investment Decision Making Core

Investment Markets and Investment Decision Making (Core)

Drawing upon realistic examples and scenarios, this module will equip students to understand effective investment decision making. Students will learn how financial capital can be raised and allocated, how to evaluate investment projects, as well as how to value stocks, bonds and other financial instruments.

You'll also explore the advantages and disadvantages of the most commonly used instruments, and learn to understand the underlying psychology behind financial decision making. By the end of this module, you should be able to:

• Provide students with a framework to assess investment decisions
• Provide students with an understanding of different financial instruments and how companies use them
• Demonstrate how accounting information is used in investment decision making
• Give students a thorough understanding of what efficient market theory means and if it is possible for investors to consistently outperform the market
• Provide students with a critical understanding of the development of behavioural theory, how psychology affects decision making.

Credits: 20

• International Strategic Management Optional

International Strategic Management (Optional)

Organisations are dependent on their socio-business environment. In turn, these environments can change, new organisations enter and exit, and the supply of resources can become scarce. When environments become uncertain, organisations face the prospect either of not surviving or changing their activities in response to new influences. Therefore, to survive and become effective, an organisation must make adaptations to the changing situations.

Strategic management processes are an essential management tool to enable companies to cope successfully with globalisation effects and increased degrees of complexity in the nature of the business environment. This module aims to analyse the operation of strategic management from initial analysis through to implementation based on contextual environmental drivers. The module will provide students with a comprehensive appreciation of the formulation and development of strategy from both an organisational and individual perspective.

Particular emphasis will be placed on developing student's awareness of developing strategic concepts underpinned by contemporary issues related to corporate social responsibility and responsible management. These will be applied across a range of different sectors including the third, public and private sectors.

Credits: 20

• International Marketing Optional

International Marketing (Optional)

Marketing is no longer just a business function. It is a way of doing business that places the consumer at the centre of organisational activity. As such, international marketing is an essential component of organisational success not only in global businesses, but also in international non-governmental organisations. Indeed, few organisations remain unaffected by patterns of change in the global marketplace. Whether actively seeking opportunities in other countries, or working with global influences in a home market, international marketing strategy is a key issue.

This module will enable you to develop the professional marketing skills and knowledge required to work effectively in this increasingly complex global environment. It will also enhance your ability to think strategically about international marketing issues and challenges. The module provides students with an understanding of marketing strategies and practices in a global context, by analysing the international marketing environment, culture and varying behaviours, marketing opportunities and strategy options, and the global marketing mix.

Credits: 20

• International Human Resource Management Optional

International Human Resource Management (Optional)

Global organisations explore Human Resource Management (HRM) in an international setting, in response to the increasing internationalisation and workforce diversity. This module focuses on managing human resources in organisations that operate across national borders and examines the varying cultural issues of people management.

It will assist those students that wish to develop careers in HRM at a strategic and international level within organisations operating in the international environment.

On the module you will learn to:

• develop a critical understanding of the philosophies and general practices of international HRM
• appreciate and critically evaluate the latest theoretical concepts, principles, standards and frameworks of HRM practice
• develop skills in solving complex scenarios related to improving the activities and functions of modern HRM
• develop a holistic and ethical approach to examining issues and solving complex International HR problems

These concepts are underpinned by an understanding of organisation theory, which covers organisational design, organisational theory and methodologies for understanding complex organisations.

Credits: 20

• Digital Business Optional

Digital Business (Optional)

In the last 20 years, online and digital business has been the mainstay of traditional and e-commerce based organisations. This trend looks to be proceeding at a faster change as we move into the era of 4G technology.

This module will enable you to:

• Develop an understanding of the impact of the internet and e-Business on various industry sectors
• Learn about emerging corporate ICT strategic needs and how these are assessed in view of new e-Business opportunities
• Learn how to formulate and develop an integrated corporate e-Business strategy
• Understand how to select e-Business enabling technologies and assess strategic e-Business models, planning and evaluating resource implications
• Understand the design and implementation of secure robust e-Business systems
• Develop an awareness of e-Business system methodologies and packages. Learn how to select and configure enterprise based tools
• Learn how to develop competitive strategies for international business enterprises
• Acquire an understanding of contemporary management practice and current management drivers and the emergence of the new agility paradigm. Develop strategic management and business economics policies.

Credits: 20

• Responsible and Ethical Leadership in Management and Finance Optional

Responsible and Ethical Leadership in Management and Finance (Optional)

This module will ensure that students understand how to reason ethically and how to approach ethical decision making within business and other management contexts, such as non-profit and third sector organisations. Students will understand how unethical or reckless leadership of businesses and other organisations can give rise to malpractice, undermine the viability of an organisation and lead to the collapse of corporate reputation whilst also harming wider society. In relation to business corporations, models of governance and frameworks that emphasise the primacy of shareholders will be considered as well as alternative models. The importance of corporate purpose will be discussed.

In analysing how the principles of responsible decision-making should operate through management, ownership and governance, students will apply ethical thinking to real-life business and leadership situations thus helping them to become ethical decision makers and ethical leaders in the context in which they work.

The module will include a particular emphasis on unethical behaviour in the financial sector and in financial functions of other corporate organisations. The module will also address ethical and legal obligations in relation to personal data as well as the treatment of employees and environmental issues.

In a module of this type, it is not possible to examine all ethical and belief systems in detail. Students will be free to investigate this subject more deeply in their dissertation/consultancy project.

• Managing for Sustainability in a Globalised Environment Optional

Managing for Sustainability in a Globalised Environment (Optional)

This module will examine some of the key economic, commercial and practical considerations of the ethical relationship between business management and the environment as they are expressed in sustainable development.

Set against a global context of rapid economic and environmental change, the module seeks to equip you with a sound understanding of the challenges that sustainable development makes to business models and practices.

Credits: 20

• Charity Finance and Investment Optional

Charity Finance and Investment (Optional)

Managing cash and other financial resources are essential to a charity’s survival and its pursuit of charitable aims. Finances need careful management and shrewd investment to ensure balanced books at the end of each financial year. The dissolution of Kidz Company in 2015 highlights what goes wrong when charities fail to manage and monitor their finances and investments properly.

This module explores management accounting and social accounting, as well as, investment, tax, trading and social return on investment (SROI) all relating to charities and the regulatory statements of recommended practice (SORPs).

Credits: 20

• Personal and Professional Development (Industry Placement) Optional

Personal and Professional Development (Industry Placement) (Optional)

This module provides students with the opportunity to identify and address key personal, professional and career development issues relevant to their area of interest.

Students will have the opportunity to reflect upon their own core competencies, personal qualities and areas for development, having undertaken in-depth psychometric testing. These tests generate a detailed report which the students will use to help identify and explore key areas for development within the context of their future career aspirations.

The module incorporates a period of work experience which will enable the student to focus on both the practical application and development of their key skills within a real-world setting. The combination of psychometric testing, reflection and analysis of the workplace will culminate in the production of a focussed personal development action plan (PDAP).

Credits: 20