The aim of this module is to provide students with an understanding of international arbitrage relationships, models of exchange rate determination, and recent issues in international finance literature. By the end of this module, students should be able to describe the basic international parity relationships, outline some of the basic models of exchange rate determination, and have a good grasp of current issues in international financial markets, and be able to critically evaluate the empirical literature on international finance. Students should also be able to analyse risks that exist in international finance including foreign exchange, foreign trade and investment risks and to select and use appropriate techniques to manage such risks.