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International Financial Management

Common Course ID: Finance 4330

Dong Man Kim, CSUSB

Abstract: Abstract: This open textbook is being utilized in the International Finance course for undergraduate business students by Dong Man Kim, Ph.D. at California State University, San Bernardino.  The open textbook provides students the tools needed to apply finance principles to international business decisions--the characteristics of international financial Markets and examine various aspects of international financial management.  The main motivation to adopt an open textbook was to reduce student costs.  Most student access the open textbook in the BryteWave format at brytewave.redshelf.com.

About the Textbook

Textbook Title: International Financial Management, 14th edition, South-Western College Publishing (Cengage Learning). ISBN-13: 978-0357130544


Description:  This textbook provides an introduction to International Finance.  The textbook is organized to provide a background on the international environment and then to focus on the managerial aspects from a corporate perspective. Managers of MNCs will need to understand the environment before they can manage within it.

The textbook focuses on financial management decisions that maximize the value of multinational corporations. The text offers a variety of methods to reinforce key concepts, allowing instructors to select those methods and features that best fit their teaching styles.

Authors: Jeff Madura 
Cost savings: The hard copy new textbook was $236.65 at Bookstore.

the Affordable Learning Solutions (AL$) reduced the cost to $56.25

About the Course

Finance 4330 

Description:  FIN 4330 (International Finance) Global Perspectives Designation (G)  Major course

Semester Prerequisite: FIN 3001. Quarter Prerequisite: FIN 313

A study of the financial principles and tools and their applications to international business decisions. Topics include foreign exchange markets, foreign exchange risk and hedging, foreign investment analysis, international money and capital markets, and international trade finance. Formerly offered as FIN 433. Materials fee required.

Link: http://bulletin.csusb.edu/coursesaz/fin/

Syllabus available here: Syllabus 2020FallF4330-02Virtual.pdf

Learning outcomes:  The object of this course is to give students the tools needed to apply finance principles to international business decisions.   The course will explore the characteristics of international financial Markets and examine various aspects of international financial management.  The list of topics includes: foreign exchange Markets, foreign exchange risk, foreign exchange rate risk management, crossborder investment analysis, international money and capital Markets, and international trade finance.

Student Population:  FIN 4330 is required course for Bachelor of Arts in Administration Finance Concentration with basic knowledge in accounting, math, and statistics.  Other major students also take the course as elective.

 Required course:  Bachelor of Arts in Administration Finance Concentration

Elective Course:

  • Bachelor of Arts in Spanish Business Studies Concentration
  • Bachelor of Arts in Administration Financial Planning Concentration
  • Bachelor of Arts in Administration Real Estate Concentration
  • Minor in Finance

Minor in International Business

Teaching and learning impacts:  
Collaborate more with other faculty : No
Use wider range of teaching materials: Yes, More online support (including online assignment, excel example, reading and video assignment, etc.) provided by the publisher is used for the class. 
Student learning improved : Yes, It makes it more convenient to access to the online support and e-book. Students don’t need to carry the printed book back and forth and they can search the content by keywords. 
Student retention improved : Yes, The inclusive access program is more affordable and it costs $180 less than the original offer
Any unexpected results: No


Sample assignment:  FIN 4330 Assignment.doc

Textbook Adoption

OER Adoption Process
The textbook and MindTap digital resources build on the fundamental principles of corporate finance to provide the information and insights necessary to prosper in today's global business environment. Well known for its reader-friendly style and clear explanations, this edition focuses on the important role of multinational corporations in global commerce, discusses a wide range of managerial topics from a corporate perspective, and emphasizes recent changes in the international environment. Relevant examples, instructive diagrams, self-tests, and other learning features provide hands-on experience. New MindTap online resources now include algorithmic practice problems, Excel Online problems, and Aplia homework sets.

Textbook Selection: The textbook is chosen and voted by the Finance curriculum committee after the intensive research and studies by each finance faculty.
Student access: Students can access the text materials and online support via the BryteWave Format at brytewave.redshelf.com

Dong Man Kim, Professor of Finance.  California State University, San Bernardino 

https://jhbc.csusb.edu/accounting-finance/faculty-staff

My research interests include Corporate finance, Investment, and international finance.   I have taught following courses
FIN 3001 Business Finance
FIN 3550 Business and Asian Culture
FIN 4330    International Business Finance

FIN 4350    Investment Analysis
FIN 5555 Trade and Business in Asia
FIN 6530 Investment Analysis and Portfolio Management
FIN 6540    International Finance

HUM 328   Asian Cultural Traditions changed to CAL 3888 Asian Humanities in a Globalized World

Integration, relevance and adherence to learning principles are the terms that best characterize my teaching and mentoring philosophy in the classroom. Students are more likely to be interested in and retain the material when it is relevant to their personal life and professional goals and when it integrates theory and practice. Thus, I have three main objectives for the students I mentor in the classroom: (1) To fully engage them in the real-world financial topics. I make the teaching materials relevant through real-world examples, metaphors, and connections to students’ life in an attempt to awaken students’ curiosity. For example, I begin each class with a discussion of current issues in the financial markets. These discussions enable students to raise questions about what they read reported in the financial press and provide them another avenue to apply what we are discussing in class; (2) To assist them to develop critical thinking skills. I believe that students’ critical thinking is promoted by engaging and challenging them in hands-on experience such as research-related projects, investment simulation competitions, real-world case study assignments, etc. The concepts and theories students have studied in their textbooks come alive in these activities. I can see that students start to gain self-confidence through my mentorship which leads to increase problem solving skills and appetite; (3) To teach them to communicate effectively. I encourage my students to obtain practice in oral communication by presenting their ideas and results in the class. They are also expected to write a report on their research projects on which I provide feedback.