Bachelor of Management Studies (B.M.S.) International Finance Syllabus - Mumbai University 2026
This is the TY BMS syllabus under NEP 2020, in force from the academic year 2026-27, examined under form 2225161. The University still sets the earlier Choice Based papers alongside it — forms 2M00155 and 2M00156, whose documents are below — so check which scheme your exam form names before you revise.
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Syllabus for International Finance
Module I: Fundamentals of International Finance
- Introduction to International Finance: Meaning/ Importance of International Finance, Scope of International Finance, Globalization of the World Economy, Goals of International Finance, The Emerging Challenges in International Finance
- International Monetary Systems: Evolution of International Monetary System , Gold Standard System , Bretton Woods System, Fixed & Flexible Exchange Rate Regimes – 1973 to Present, Current Exchange Rate Arrangements - India and leading economies, European Monetary System, Factors Affecting Exchange Rates, Purchasing Power Parity, Interest Rate Parity, Fishers Parity, Forecasting Exchange Rates
- Basic discussion on Global Financial Markets - Equity , Debt and Euro-currency
Module II: Foreign Exchange Markets & Currency Derivatives
- An introduction to Exchange Markets: Foreign Exchange Market, Structure of Foreign Exchange Markets, Spot and Forward Foreign Exchange Market, Exchange Rate Quotations, Exchange Rate Quotations - Direct & Indirect Rates, Cross Currency Rates, Spread & Spread %, Basic Calculations of Arbitrage, Forward Rate Quotations (Annualized Forward Margin) , Interest rate arbitrage
- Balance of Payment:Introduction to Balance of Payment, Accounting Principles in Balance of Payment, Components of Balance of Payments.
- Basic discussion on Use of Forward, Futures and Options in Hedging & Speculation in Foreign Exchange Markets
Reference Books
- 1 P G Apte, International Financial Management, 5th Edition, The McGraw Hill
- 2 Cheol . S. Eun & Bruce G. Resnick, International Finance Management
- 3 Maurice D. Levi, International Finance – Special Indian Edition
- 4 Prakash G. Apte, International Finance – A Business Perspective
- 5 V A. Aadhani, International Finance
- 6 International Financial Management – Jeff Madura, Cengage
- 7 Multinational Finance – Eiteman, Stonehill & Moffett, Pearson
- 8 International Finance – Maurice D. Levi, Routledge
Reproduced from the University of Mumbai syllabus for Bachelor of Management Studies (B.M.S.) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.