Business Administration – Finance and Investment

International Financial Management

Advanced module in Finance and Investment (lecture + exercise)

Module description

Learning Outcomes

The students have mastered all relevant aspects of exchange rate formation and dealing with foreign currency risks. They are capable of designing suitable hedging strategies for a range of risk situations, applying the necessary hedging tools. They have also gained the knowledge to examine the advantageousness of cross-border investments and to use futures trading to reduce finance-based false incentives.


The teaching units on international finance management focus above all on shaping foreign currency management. The following specific issues are covered, among others: exchange rate formation, swap transactions, options, forwards and futures and the hedging strategies related to them. The importance of currency risk in international direct investments and international diversification is also analysed.

Further information

  • Responsible person: Professor Dr. Hirth
  • Relevant teaching and research assistant: Felix Reichenbach
  • Course language: german
  • Module number: 70170
  • Module components: lecture and exercise
  • Credits: 4 SWS / 6 CP
  • Offer: winter semester
  • No registration required for participation in lecture and tutorials
  • Written final examination on one of two dates offered per semester
  • Exam covers content from lecture and exercise
  • Compulsory elective module for master's programs in Industrial Economics, Industrial and Network Economics, Industrial Engineering and Management, Information Systems Management and Business Mathematics

Summer semester 2024 - does not take place

International Financial Management is not offered this semester on a rotating basis.

Winter semester 2023/2024

Procedure in winter semester 2023/24

Lecture: Thursday 2-4 p.m., H 2032, Professor Dr. Hirth, start 10/26/23

Exercise: Thursday 4-6 p.m., H 2032, Felix Reichenbach, start 11/09/23

All further information are available in the associated ISIS course: Internationales Finanzmanagement [WiSe 23/24].


All contents and information about the current course can be found in ISIS: Internationales Finanzmanagement [WiSe 23/24].

Examination dates

On the following pages you will find our next examination dates:

Written exams

Oral exams


Contact persons

Responsible person and examiner

Professor Dr. Hans Hirth is the head of the Chair of Finance and Investment. He is responsible for the module and the associated examinations.

Organizational questions

For organizational questions, e.g. regarding registering and deregistering, appointments, certificates, etc., please contact our administration office.

Content-related questions

Teaching and research assistant

If you have any questions regarding the content of the event, please contact the responsible teaching and research assistant.

Study programs

International Financial Management is a compulsory elective module for the following study programs:

The module can be included in all degree programs, e.g. as an elective or additional module. It is not subject to any restrictions or prerequisites.