Financial practitioners must understand not only the role and functions of a firm, and the markets within which they trade and source capital, but also the determination of key economic rates, yields, and spreads that drive liquidity and wealth generation in financial markets. This module examines global corporate finance and financial decision-making from first principles. Starting from financial systems, this module introduces learners to the dynamics and strategies that underpin money supply operations, capital market functions, international financial markets, and corporate finance decision-making.

This module covers money supply operations and capital market dynamics; the tools, goals, strategy, and tactics used to enact monetary policy, and the determination of interest rates, term spreads and yield spreads. The core capital and financial markets will be introduced to learners from a global perspective including, money markets, bond markets, stock markets, and foreign exchange markets. Learners will also be introduced to the different types of financial intermediation and financial (bank- and market-based) systems that exist in Europe, and their relative importance in the world economy. It describes market mechanisms and prices and gives a broad introduction to the relevant regional financial and monetary issues. Using this information, and leveraging information sourced from contemporary market events, this module will deeply examine the investment, financing, capital structure, acquisition, and business strategies that corporations employ to maximise shareholder value. Discussions on each of these topics will consider the cross-border and hedging dynamics that corporations must factor into their decision-making practices to optimise growth and minimise risk when operating in international markets.

On successful completion of this module, students will be able to: • Explain major components of global finance and the role of financial institutions within the global financial system. • Demonstrate an understanding of the dynamics within core financial markets that contribute to the maximisation of shareholder value • Value and appraise money market and capital market instruments • Evaluate the alternative sources of finance available to a firm and their suitability under different macroeconomic and capital structure circumstances. • Devise risk management strategies using derivative and other financial instruments.

On successful completion of this module, students will be able to: • Demonstrate an appreciation for the role that money supply operations and strategies play in determining interest rates, maintaining market liquidity, and promoting economic growth. • Formulate and articulate insightful opinions on contemporary issues in global finance.

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Module content will be delivered through face-to-face classroom-based lectures, supported by tutorials that allow for an applied focus on the dynamics that exist within the global financial system, capital markets, and corporate finance. Learners will be exposed to a 'learn by doing'-based environment to develop their courage and insight through the use and application of specialist systems and data feeds available in the KBS Trading Floor.