International Finance: Introduction to Basic Concepts

Published: 7 August 2024| Version 1 | DOI: 10.17632/hx7665c2yr.1
Contributor:
Edward Enrique Escobar-Quiñonez

Description

The document "International Finance" presents a course designed for international trade students, focusing on how global events impact financial strategies and risk coverage. It highlights the importance of understanding the stock market in a global context and developing financial analyses to design proposals in the new world order. The course aims to equip students with the skills to characterize the international economic environment and conduct financial operations supported by foreign currency, evaluating capital returns. The required prior competencies include knowledge of macroeconomic indicators, financial mathematics fundamentals, and international negotiation relations. The course methodology centers on developing competencies to assess the international economic environment and perform exchange operations. Evaluation is based on a classroom project with progressive submissions, including presentations and critical analyses. The document also addresses concepts such as economic, financial, political, cultural, and environmental globalization, and the integration of international markets. It introduces the International Monetary System, which regulates financial and commercial relations between countries, highlighting the importance of national currencies, exchange rates, and international reserves. It concludes with the importance of the International Monetary Fund (IMF) and other organizations like the WTO, which facilitate international economic cooperation and global economic stability, emphasizing the role of historical agreements such as Bretton Woods and Basel.

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Institutions

Universidad Cooperativa de Colombia

Categories

International Finance

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