The study of international finance from the vantage point of a multinational enterprise provides students with a global insight into international trade for both manufactured and financial products. This unit recognises the increasing importance of global integration of money and capital markets – a trend that is creating expanded opportunities for both investors and organisations that need to raise capital. The recognition and management of risks associated with international operations are explored including: cost of capital and financial structure, international financial markets crisis, international financial management, international monetary system, international diversification, foreign exchange risk management including the use of futures and options, foreign investment analysis, determination of exchange rates, balance of payments analysis, international debt crisis and country risk analysis.