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Global Capital Markets




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Course level: Graduate

This course examines the international financial environment facing firms in a globalized economy. Students will assess the impact of economic policy and financial disturbances on financial markets, exchange rates, and capital flows. Other topics include investment analysis, asset management, capital markets, hedge funds, corporate finance, and international macroeconomics.


This graduate level course requires proof of completion of a Bachelor's degree. Be prepared to provide documentation during the checkout process.

What you'll learn

Course skills and outcomes

Week 1

  • Apply the dynamics of the International Monetary system by discussing the challenges and opportunities for conducting business globally.    
  • Review the role of corporate governance in global financial management.    
  • Demonstrate an understanding of the challenges that come with being a MNC (Multinational Corporation) through discussion of key considerations for MNC’s and advantages and disadvantages of conducting business globally.    

Week 2

  • Appreciate the different functions of the foreign exchange market.    
  • Analyze the operational and financial transactions that occur in the foreign exchange markets.    
  • Practice the ability to determine how inflation in a country impacts how the exchange rates in that country is traded through practice.    

Week 3

  • Analyze risk factors associated with conducting business in foreign countries.    
  • Explore the risk mitigation tools that can be used to manage FX, interest rate, and credit spread risk.    
  • Differentiate between the use of futures, forwards, and derivatives and swap tools for risk mitigation.    

Week 4

  • Analyze and determine the differences between transaction, translation, and operating FX exposure.    
  • Explore the methods of determining the amount of FX currency exposure.    

Week 5

  • Identify the methods of determining the global cost of capital through assigned paper.    
  • Explore the methods of raising debt and equity globally.    
  • Explain the multinational tax implications involved with global financing efforts through weekly discussion.    

Week 6

  • Determine the impact political risk has on direct foreign investments.    
  • Analyze how the political environment in a country can impact direct foreign investments.    
  • Explore the capital budgeting analysis methods for assessing risk associated with a foreign project through.    


Why take courses at University of Phoenix

Accreditation that matters

We’ve been accredited by the Higher Learning Commission ( for more than 40 years.

Real-world instructors

Learn from instructors who bring an average of 25 years of working experience to the classroom.

Affordable and potentially reimbursable

Our tuition and fees are competitive and fixed. Also, check to see if your employer will cover you for this course.

Next Steps

Start a conversation about your future with an enrollment representative today.

Start a conversation about your future with an enrollment representative today.

Call (844) 937-8679

Transfer Credits

Credit Transfer

Credit Transfer

Need to transfer credits to another college or university?

Before you enroll in a course, check with your school of choice to make sure they will accept our transfer credits and to understand any requirements or limitations. Then you can complete your course, and request your official transcript be sent to your school. That’s it!

How to request your transcripts