Finance and international investment WP-SM-FIM(p)
1. International financial policy (essence, history).
2. IMF, World Bank and global banking system, Bank for International Settlements, Regional Banks, Central and Commercial Banks).
3. EU financial policy
4. Poland's financial policy
5. Exchange rates (definition, functions, classification, exchange rates).
6. Risk of changes in exchange rates. Impact of exchange rates on the efficiency of foreign transactions.
7. Foreign exchange transactions (instant transaction rates, forward rates, futures currency transactions, currency options, swap convertible transactions).
8. Protection against exchange rate risk.
9. Money and monetary systems
10. Balance of payments and investment position of the state (concept, components, current turnover, financial turnover, Poland's balance of payments, investment position, foreign debt).
11. Relationship between the balance of payments and exchange rates.
12. International markets and financial crises.
13. International settlements.
14. Fiscal burdens in "tax havens".
(in Polish) Grupa przedmiotów ogólnouczenianych
Subject level
Learning outcome code/codes
Type of subject
Course coordinators
Learning outcomes
EK1 Presents the essence and history of international financial policy.
EK2 Characterized by the IMF, World Bank and global banking system, Bank for International Settlements, Regional Banks, Central and Commercial Banks).
EK3 Characterizes the EU's financial policy
EK4 Characterizes the financial policy of Poland
EK5 Defines exchange rates and the risk of changes in exchange rates.
EK6 Analyzes the impact of exchange rates on the efficiency of transactions with foreign countries.
EK7 Characterizes and compares currency transactions (instant transaction rates, forward rates, futures currency transactions, currency options, swap convertible transactions).
EK8 Explains hedging against exchange rate risk.
EK9 Indicates the essence of money and monetary systems.
EK10 Characterizes the balance of payments and the investment position of the state.
EK11 Analyzes the relationship between the balance of payments and exchange rates.
EK12 Discussing international financial crises.
EK13. It presents the essence of international accounts.
EK14 Analyzes fiscal burdens in tax havens.
Description of ECTS
Student activity Student workload
Participation in lecture 60
Preparation for lecture 20
Consultation 5
Preparation for the exam 20
Total hours 105
ECTS number 105 hours / 30 (25) hours = 4
Assessment criteria
Teaching methods for achieving learning outcomes EK1-EK14 are: conversational lecture, simulation method, and situation method.
Methods for verification of learning outcomes EK1-EK14 are: activity during classes, observation of behavior, continuous assessment, written exam.
EK1 Student presents the essence and history of international financial policy, this effect is achieved by conversational lecture and verified by continuous and written exam.
EK2 The student is characterized by the IMF, the World Bank and the global banking system, the Bank for International Settlements, Regional Banks, Central and Commercial Banks), this effect is achieved by conversational lecture method and verified by continuous and written exam.
EK3 The student characterizes the EU's financial policy, this effect is achieved by conversational lecture and verified by continuous and written exam.
EK4. Student is characterized by Polish financial policy, this effect is achieved by conversational lecture and verified by continuous and written exam.
EK5. Student defines exchange rates and the risk of exchange rate changes, this effect is achieved by conversational lecture method and verified by continuous and written exam.
EK6. The student analyzes the impact of exchange rates on the efficiency of transactions with foreign countries, this effect is achieved by the simulation method, and verified by continuous and written exam.
EK7. Student characterizes and compares currency transactions (instant transaction rates, forward rates, futures currency transactions, currency options, swap convertible transactions), this effect is achieved by conversational lecture method and verified by continuous and written exam.
EK8. Student explains hedging against exchange rate risk, this effect is achieved by conversational lecture method and verified by continuous and written exam.
EK9 Student indicates the essence of money and monetary systems, this effect is achieved by conversational lecture method and verified by continuous and written exam.
EK10 The student characterizes the balance of payments and the investment position of the state, this effect is achieved by the method of conversational lecture and verified by continuous assessment and written exam.
EK11. The student analyzes the relationship between the balance of payments and exchange rates, this effect is achieved by the simulation method and verified by continuous assessment and a written exam.
EK12 The student discusses international financial crises, this effect is achieved by the situational method and verified by continuous assessment and written exam.
EK13. The student presents the essence of international settlements, this effect is achieved by conversational lecture and verified by continuous assessment and written exam.
EK14. The student analyzes the fiscal burden in tax havens, this effect is achieved by simulation and verified by continuous assessment and written exam.
Assessment criteria (jointly for EK1-EK14):
- ndst (2): student is not able to present the issues indicated in EK 1 - EK14;
- for the assessment of dst (3): the student is able to sufficiently characterize several issues indicated in EK 1 - EK 14;
- for the db (4) assessment: the student correctly discusses most of the issues indicated in EK 1 - EK 14 and is able to compare them;
- very good (5): student correctly discusses all issues indicated in EK 1 - EK14, compares them, and also independently identifies the tools to solve the problems posed and is able to justify his choice
Bibliography
Literatura podstawowa:
B. Bernaś (red.), Finanse międzynarodowe, Warszawa 2006.
Literatura uzupełniająca:
E. Najlepszy, Finanse międzynarodowe przedsiębiorstw, Warszawa 2013
S. Bukowski, J. Misala, Wzrost gospodarczy i finanse międzynarodowe, Warszawa 2011
M. Markiewicz, U. Mrzygłód, Finanse międzynarodowe, Warszawa 2015
A. Kosztowniak, P. Misztal, I. Pszczółka, A. Szelągowska, Finanse i rozliczenia międzynarodowe, Warszawa 2009
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: