SYLLABUS

INTERNATIONAL FINANCIAL MANAGEMENT (TCHE425)

Course title: International Financial Management
Course code: TCHE425
Department: International Finance
Credit hours:: 3
Prerequite(s): Principles of Finance (TCHE302)

1. INSTRUCTOR(s) INFORMATION
No. Instructors’ name Email Phone number
1 Assoc. Prof. Dr. Mai Thu Hien hien.mai@ftu.edu.vn 0989837399
2 Dr. Nguyen Phuc Hien hiennguyenphuc@ftu.edu.vn 0975751126
3 Dr. Kim Huong Trang kimhuongtrang@ftu.edu.vn 0943272686
4 MSc. Le The Binh lethebinh@ftu.edu.vn 0904585224
5 MSc. Nguyen Thu Trang trang.nt@ftu.edu.vn 0983283392

2. COURSE DESCRIPTION
This course focuses on the international environment in which Multinational
Corporations (MNCs) operate, and the conceptual framework within which MNCs make key
financial decisions in the international and Vietnam’s context. Throughout the course students
will be equipped with knowledge about the international financial environment, the
international financial management, and MNCs; explore issues relating to the exchange rate
risk management; and have a comprehensive understanding and be able to make financial
decisions on long-term and short-term capital management in the international financial
environment and in Vietnam.

3. EXPECTED LEARNING OUTCOMES

Upon completion of the course, the student should be able to:
* Knowledge
1. Express knowledge of basic concepts and theories about the international financial
environment, the international financial management and MNCs;
2. Develop knowledge of the exchange rate behavior and the management of exchange
rate risks that MNCs face with in the international financial environment and in
Vietnam;
3. Express an appreciation of principles and strategies, and apply knowledge to the long-
term asset and liability management of MNCs in the international financial
environment and in Vietnam, including motives for and strategies of FDI; risk analysis
and risk management for foreign investment projects; the multinational capital
budgeting; the multinational cost of capital and capital structure; and MNC
restructure;
4. Express an understanding of principles and strategies, and apply knowledge to the
short-term asset and liability management of MNC in the international financial
environment and in Vietnam, including the multinational working capital management
with focus on inventory, accounts receivable and cash management; as well as the
international tax environment;
5. Express knowledge of short-term and long-term financing for MNC operations.
*Skills
6. Develop professional reasoning skills, discover and solve problems of the
international financial management of MNCs;
7. Develop critical thinking skills and solve problems of the international financial
management;

1
 8. Research and explore the international-financial-management literacy;
9. Develop systematic argument skills;
10. Identify and analyze the circumstance and externalities affecting the financial
management of MNCs;
11. Identify the situation inside and outside the unit relating to the financial management
of MNCs;
12. Apply knowledge to the exchange rate risk management, the long-term and short-term
capital management, and short-term and long-term financing for MNC operations;
13. Create, develop, and forecast the exchange rates and international financial
management of MNCs;
14. Develop self - control skills in study and research;
15. Develop teamwork skills;
16. Develop management skills and lead the team;
17. Develop communication skills with the group and instructors;
18. Develop other soft skills for life and developing the career opportunities of students.
* Attitudes
19. Develop personal moral qualities, be willing to cope with difficulties and take risks,
persevering, flexible, confident, hardworking, enthusiastic, enthusiastic, self-reliant,
creative, etc.;
20. Develop professional ethics, behave and conduct professionally, work independently
and proactively, cooperate with team groups and partners;
21. Develop a social virtue, social responsibility, obey the law, support and protect the
right things, create and innovate.

4. READING MATERIALS
4.1. Textbook(s)
1. Eiteman, David K., Stonehill, Arthur I., and Moffett, Michael H., 2010, Multinational
Business Finance, 12th edition, Pearson.
2. Madura, Jeff, 2012, International Corporate Finance, 11th International edition,
South-Western Cengage Learning.
4.2. Compulsory Readings
3. Eun, Cheol S., Resnick, Bruce G., and Sabherwal, Sanjiv, 2012, International
Finance, 6th edition, Global edition, McGraw-Hill/Irwin.
4. Shapiro, Alan C., 2010, Multinational Financial Management, 9th edition, John Wiley
& Sons.
4.3. Website
5. https://www.federalreserve.gov/

5. COURSE CONTENT AND SCHEDULE

5.1. Course content
Time Allocation
Hour(s) on the class Essays, Self-study
No. Content
Practice, exercise, with teacher’s
Lecture
Seminar Assignments tutorials
Chapter 1: An overview
1,2 of international financial 6 0 1.5 12
management
Chapter 2: Exchange rate
3,4,5 6 3 3 13.5
risk management
Chapter 3: Long-term
6-11 asset and liability 12 6 12 27
management

2
 Chapter 4: Short-term
12-14 asset and liability 6 3 6 13.5
management
15 Revision 0 3 0 1.5
Total 30 15 22.5 67.5

5.2. Schedule of lectures

* Lecture 1: Chapter 1. An overview of international financial management
Teaching Students’
Hour(s) Content
activities preparation
Lecture 3 1.1. International financial environment Ch 1, 2, 18 (458-461)
1.1.1. Definition [1]; Ch 1[2]; Ch 1,
1.1.2. Components 15 (415-419)[3];
1.1.3. Determinants Ch1, 16[4]
1.2. International financial management
1.2.1. Definition
1.2.2. Differences between
international and domestic financial
management
1.2.3. Aims
1.2.4. Roles
1.2.5. Determinants
Practice, 0
Seminar
Essays, 0.5 Content in the lectures, practices, Students read the
exercise, seminars introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 6 Content in the lectures, practices, Students read the
with the seminars introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Definition, components, and determinants of international financial
environment?
- Differentiate between international and domestic financial management?
- Aims, roles, and determinants of of international financial management?

* Lecture 2: Chapter 1. An overview of international financial management (Group 1)

Teaching Students’
Hour(s) Content
activities preparation
Lecture 3 1.3. Multinational Corporations Ch 1, 2, 18 (458-461)
1.3.1. Definition [1]; Ch 1[2]; Ch 1,
1.3.2. The rises of MNCs 15 (415-419)[3];
1.3.3. Goals Ch1, 16[4]
1.3.4. Management structure
1.3.5. Motives

3
 1.3.6. Strategies
1.3.7. International business methods
1.3.8. Exposure to international
economic conditions
1.3.9. Factors affecting MNC’s value
Practice, 0
Seminar
Essays, 1 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 6 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Definition of MNCs? How is an MNC established?
- State the reasons why MNCs extend business internationally? Identify the
risks faced by MNCs that expand internationally?
- What is management structure of an MNC?
- Explain factors that affect the value of an MNC?
- Explain the Agency Problem of MNCs?
- Use the theory of comparative advantage, the product cycle theory, and
imperfect markets theory to explain the motives for MNCs to expand their
business internationally?
- State the methods that firms expand their business internationally?
- Explain the valuation model for an MNC?
- Study the case of Porsche and Enron (Eiteman).

* Lecture 3: Chapter 2. Exchange rate risk management

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 2.1. Exchange rate determination and Ch 9[2]
exchange rate forecasting
2.1.1. Benefit of exchange rate
forecasts
2.1.2. Forecast techniques
2.1.3 Forecast evaluation
Practice, 1 How to apply forecasting techniques in - Flexible subjects
Seminar real situations. are chosen by the
instructor.
- Students prepare for
seminar based on the
referenced materials
and student-led
materials.
- Students do

4
 exercises assigned by
the instructor.
Essays, 1 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Benefits for exchange rate forecast?
- Explain and compare forecasting techniques (technical, fundamental,
market-based, and mixed forecasting) and their limitations?

* Lecture 4: Chapter 2. Exchange rate risk management

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 2.2. Managing transaction exposure Ch 11-13[1]; Ch 10,
2.2.1. Definition 12[2]; Ch 13[3]; Ch
2.2.2. Exposure measurement 10[4]
2.2.3. Exposure hedging
Practice, 1 - Hedging and identifying transaction - Flexible subjects
Seminar exposure: take the case for a particular are chosen by the
firm. instructor.
- Exercises on exchange rate risk hedging. - Students prepare for
seminar based on the
referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 1 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).

5
Assessment - Definition, measurement, and methods for hedging transaction exposure?
- Exercises on exchange rate risk hedging.

* Lecture 5: Chapter 2. Exchange rate risk management:

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 2.3. Managing economic exposure Ch 11-13[1]; Ch 10,
2.3.1. Definition 12[2]; Ch 12, 14[3];
2.3.2. Exposure measurement Ch 10, 11[4]
2.3.3. Exposure hedging
2.4. Managing translation exposure
2.4.1. Definition
2.4.2. Exposure measurement
2.4.3. Exposure hedging
Practice, 1 - Hedging and identifying economic and - Flexible subjects
Seminar translation exposure: take the case for a are chosen by the
certain firm. instructor.
- Exercises on exchange rate risk hedging. - Students prepare for
seminar based on the
referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 1 Content in the lectures, practices, Students read the
exercise, seminars introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Definition, measurement, and methods for hedging economic and
translation exposure?
- Exercises on exchange rate risk hedging.

* Lecture 6: Chapter 3. Long-term asset and liability management: Group 1

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 3.1. Foreign investment Ch 17, 18[1]; Ch
3.1.1. Global trends in foreign 13[2]; Ch 15[3];
direct investment Ch15, 16[4]
3.1.2. Motives for foreign direct
investment
3.1.3. Benefits of international

6
 diversification
Practice, 1 - Case study from chapter 17 to chapter - Flexible subjects
Seminar 18 (Eiteman). are chosen by the
- Exercises for foreign direct investment instructor.
and international diversification. - Students prepare for
seminar based on the
referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 2 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Trends in and motives for foreign direct investment? In Vietnam or
internationally?
- What are benefits of international diversification? In Vietnam or
internationally?
- Exercises for foreign direct investment, and international diversification.

* Lecture 7: Chapter 3. Long-term asset and liability management: Group 2

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 3.2. Risk analysis Ch 17, 18[1]; Ch
3.2.1. Foreign direct investment 16[2]; Ch 6, 15,
and risks 16[4]
3.2.2. International portfolio
diversification and risks
Practice, 1 - Case study from chapter 17 to chapter - Flexible subjects
Seminar 18 (Eiteman). are chosen by the
- Exercises for risk analysis. instructor.
- Students prepare for
seminar based on the
referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.

7
Essays, 2 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - What are risks of foreign direct investment and international
diversification? In Vietnam or internationally?
- Identify the factor used by MNCs to measure country risks? Explain how
MNCs to measure country risks and to conduct country risk analysis to
determine whether to implement a new project in a particular country?

* Lecture 8: Chapter 3. Long-term asset and liability management: : Group 2

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 3.3. International restructuring Ch 15[2]
3.3.1. Motives for restructuring
3.3.2. Trends in international
restructuring
3.3.3. Barriers to international
restructuring
3.3.4. Forms of restructuring
3.3.5. Valuation of target firm
Practice, 1 - International restructuring: a case study - Flexible subjects
Seminar in Vietnam or internationally. are chosen by the
- Exercises for international restructuring. instructor.
- Students prepare for
seminar based on the
referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 2 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading

8
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Motives for, barriers to and types of MNCs restructure?
- International restructuring situation in Vietnam or internationally?
- Exercises for international restructure.

* Lecture 9: Chapter 3. Long-term asset and liability management: : Group 3

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 3.4. Multinational capital budgeting Ch 19[1]; Ch 14[2];
3.4.1. Definition Ch 17[3]; Ch 17[4]
3.4.2. Multinational capital
budgeting perspectives
3.4.3. Multinational capital
budgeting steps
3.4.4. Factors affecting
multinational capital
budgeting
Practice, 1 - Case study from chapter 19 (Eiteman). - Flexible subjects
Seminar - The multinational capital budgeting: are chosen by the
take the case for a particular international instructor.
project. - Students prepare for
- Exercises for multinational capital seminar based on the
budgeting. referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 2 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Definition of, steps in, factors affecting multinational capital budgeting?
- Compare capital budgeting analysis of an MNC’s subsidiary versus its
parent?
- Exercises for multinational capital budgeting.

9
* Lecture 10: Chapter 3. Long-term asset and liability management: : Group 3

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 3.5. Multinational capital structure and Ch 14-16[1]; Ch
cost of capital 17[2]; Ch 16[3]; Ch
3.5.1. Components of MNC’s 14[4]
capital
3.5.2. Factors affecting MNC’s
capital structure
3.5.3. Capital structure decisions
3.5.4. Optimal financial structure
and MNCs
3.5.5. Cost of capital estimation
3.5.6. Cost of capital comparison
Practice, 1 - Case study from chapter 14 to chapter - Flexible subjects
Seminar 16 (Eiteman). are chosen by the
- The multinational capital structure and instructor.
multinational cost of capital: take the case - Students prepare for
for a particular international project. seminar based on the
- Exercises for multinational capital referenced materials
structure and multinational cost of capital. and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 2 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Identify components of an MNC’s capital and factors affecting an MNC’s
capital structure?
- Theory of optimal capital structure and explain how an MNC makes capital
structure decisions?
- How to estimate cost of capital of an MNC?
- Exercises for multinational capital structure and multinational cost of
capital.

* Lecture 11: Chapter 3. Long-term asset and liability management: : Group 4

Teaching Students’
Hour(s) Content
activities preparation

10
Lecture 2 3.6. Long-term financing Ch 18[2]
3.6.1. Long-term financing
methods
3.6.2. Long-term financing
decisions
3.6.3. Factors affecting long-
term financing in foreign
currency
Practice, 1 - The management of long-term assets - Flexible subjects
Seminar and liabilities: take the case for a are chosen by the
particular international project. instructor.
- Exercises for long-term financing. - Students prepare for
seminar based on the
referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 2 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Analysis of long-term financing decision for MNCs (from subsidiary
perspective) to determine debt denomination, debt maturity, and fixed versus
floating interest rates?
- Analysis of long-term financing decision for MNCs to minimize exchange
rate risks?
- Factors affecting long-term financing in foreign currency?
- Exercises for long-term financing.

* Lecture 12: Chapter 4. Short-term asset and liability management: Group 5

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 4.1. Multinational working capital Ch 21[1]; Ch 21[2];
management Ch 18[3]; Ch 19[4]
4.1.1. International cash
management
4.1.2. Inventory management
4.1.3. Accounts receivable
management
Practice, 1 - Case study of chapter 21 (Eiteman). - Flexible subjects

11
Seminar - International cash management for are chosen by the
multinational operations in Vietnam or in instructor.
a particular country: the case of an MNC. - Students prepare for
- Exercises for multinational working seminar based on the
capital management. referenced materials
and student-led
materials.
- Students do
exercises assigned by
the instructor.
Essays, 2 Content in the lectures, practices, Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Compare the management of working capital of from an MNC’s subsidiary
perspective versus its parent perspective?
- Explain how short-term assets such as inventory, accounts receivable, and
cash to be managed internationally by MNCs?
- Exercises for multinational working capital management.

* Lecture 13: Chapter 4. Short-term asset and liability management: Group 6

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 4.2. Multinational tax management Ch 20[1]; Ch 20[3]
4.2.1. Tax objectives
4.2.2. Tax principles
4.2.3. Tax types
4.2.4. National tax environment
4.2.5. Double taxation avoidance
4.2.6. Transfer pricing
Practice, 1 - Case study of chapter 20 (Eiteman). - Flexible subjects
Seminar - Transfer pricing in Vietnam or in a are chosen by the
particular country: the case of an MNC. instructor.
- Tax management for multinational - Students prepare
operations in Vietnam or in a particular for seminar based on
country: the case of an MNC. the referenced
- Exercises for multinational tax materials and
management. student-led
materials.
- Students do
exercises assigned
by the instructor.

12
Essays, 2 Content in the lectures, practices, and Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, and Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and
assignments (if any).
Assessment - Explain tax objectives, tax principles and tax types?
- What is double taxation avoidance?
- Explain transfer pricing of MNCs?
- Exercises for multinational tax management.

* Lecture 14: Chapter 4. Short-term asset and liability management: Group 6

Teaching Students’
Hour(s) Content
activities preparation
Lecture 2 4.3. Short-term financing Ch 20[2]; Ch 19[4]
4.3.1. Short-term financing
objectives
4.3.2. Short-term financing sources
4.3.3. Short-term financing decisions
Practice, 1 - The management of short-term assets and - Flexible subjects
Seminar liabilities: take the case for a particular are chosen by the
international project. instructor.
- Exercises for short-term financing. - Students prepare
for seminar based on
the referenced
materials and
student-led
materials.
- Students do
exercises assigned
by the instructor.
Essays, 2 Content in the lectures, practices, and Students read the
exercise, seminars. introduced reading
assignments materials, and
prepare for the
lectures, practices,
seminars and
assignments (if any).
Self-study 4.5 Content in the lectures, practices, and Students read the
with the seminars. introduced reading
teacher’s materials, and
tutorials prepare for the
lectures, practices,
seminars and

13
 assignments (if any).
Assessment - Compare the management of short-term assets and liabilities of from an
MNC’s subsidiary perspective versus its parent perspective?
- Identify objectives and sources of short-term financing for MNCs?
- Criteria considered in short-term financing decisions?
- Exercises for short-term financing.

* Lecture 15: Revision

Teaching Students’
Hour(s) Content
activities preparation
Lecture 0
Practice, 3 Summarize/consolidate all contents that Students review all
Seminar students have been studied. recommended
materials.
Essays, 0
exercise,
assignments
Self-study 1.5 Content in the lectures, practices, and Students review all
with the seminars. recommended
teacher’s materials.
tutorials
Assessment Q & A session for study encouragement points.

5.3. Contribution to Course Learning Outcomes

CLO
Topic Content Knowledge Skills
1 2 3 4 5 6 7 8 9 10 11
Chapter 1: An overview of international 1 1 1 1 1 1 1
1,2
financial management
3,4,5 Chapter 2: Exchange rate risk management 1 1 1 1 1 1 1
Chapter 3: Long-term asset and liability 1 1 1 1 1 1 1 1
6-11
management
Chapter 4: Short-term asset and liability 1 1 1 1 1 1 1 1
12-15
management

CLO
Topic Content Skills Attitude
12 13 14 15 16 17 18 19 20 21
Chapter 1: An overview of international 1 1 1 1 1 1 1 1
1,2
financial management
3,4,5 Chapter 2: Exchange rate risk management 1 1 1 1 1 1 1 1 1 1
Chapter 3: Long-term asset and liability 1 1 1 1 1 1 1 1 1
6-11
management
Chapter 4: Short-term asset and liability 1 1 1 1 1 1 1 1 1
12-15
management

6. COURSE POLICY
The course policy is under the current training regulations.
All students are expected to attend classes, prepared for and actively involved in the
discussions during the lecture, practice and seminar time.

14
 Student attendance in classes is compulsory. Students must attend class regularly and
on time, participate actively and proactively in discussions, and do homework.
Students, who do not attend class or do not do in-class exercise, will get zero for class
attendance assessment each time.
Students, who do not do homework or do not prepare at home for presentation about
the topic assigned by the instructor during the lectures, practices, and seminars, will get zero
for class attendance assessment each time.
Students, who do not submit mid-term assignments by the due date, will get zero.
Students, who participate actively, make presentation, do homework well, and respond
well to the instructor’s questions and exercises during the lectures, practices, and seminars,
can be given an extra credit (bonus point) of maximum 0.5 to summative assessments for each
time. The maximum bonus in total is 1.5 (Instructors decide to add points).

7. COURSE ASSESSMENT
7.1. Type of Assessement
* Formative assessment (10%)
Formative assessments are conducted in the form of class attendance checking,
homework assignments, oral presentation, and/or in-class assignments, etc.
* Summative assessment (90%)
No. Assessment Rate
1 Group assignment 30%
2 Final exam 60%

7.2. Assessment Criteria

* Formative assessment:
Each class attending or workout is counted as 1 attendance point.
- Class attendance checking: maximum to 10 times.
- Doing homework checking: maximum to 1 time
 Doing homework: 1 attendance point
 Not doing homework: 0 attendance point
- Oral presentation checking: maximum to 1 time
 Preparing for presentation by giving their answers to the instructor’s questions or
analyzing the topic straight to the point: 1 attendance point
 Not preparing for presentation: 0 attendance point
- In-class assignments: maximum to 3 times.
 Format: In-class assignment can be in form of short answer test, essay questions,
or exercises.
 Content: Both theoretical and practical knowledge of the topics have been studied
which will be assigned by the instructor.
 Evaluation criteria
 Short answer test, essay questions: A clear and deep analysis will be given a
maximum of 10 points.
 Exercises: Correct answers and good written presentation will be given a
maximum of 10 points.
 Generic creteria:
 The assignment, which is given from 8.5 to 10, will get 1 attendance point.
 The assignment, which is given 7 to under 8.5, will get 0.5 attendance points.
 The assignment, which is given 5.5 to under 7, will get 0.25 attendance points.
 The assignment, which is given under 5.5, will get 0 attendance point.
* Summative assessment:
(1) Extra credit

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 Students, who participate actively, make presentation, do homework well, and respond
well to the instructor’s questions and exercises during the lectures, practices, and seminars,
can be given an extra credit (bonus point) of maximum 0.5 to summative assessments for each
time. The maximum bonus in total is 1.5 (Instructors decide to add points).
(2) Mid-term exam:
- Format: At-home assignment.
- Content: Both theoretical and practical knowledge of the topics have been studied
which will be assigned by the instructor.
- At-home assignment can be in form of an essay:
 Format: A 6,000-10,000-words essay will be printed in A4 using Times New
Roman font, size 14, 1.5 space, margins of 2.5 cm top and bottom, 3.5 cm left, 2
cm right.
 Students will be asked to form groups of max 5.
 Content: The essay provides an opportunity for the students to demonstrate their
general understanding on topics covered during the course with focus on chapter 5
ad 6. It will also enable students to get into more practical issues such as
collecting data and carrying out some basic quantitative estimation. The topic will
be assigned by the instructor or suggested by the student with the instructor’s
acceptance.
 Evaluation criteria
 Appropriate structure and consistency/logic: 1 point
 Good presentation: 1 point
 Reasoned argument and conclusion: 3 points
 Scope of research: 1 point
 Critical analysis: 3 points
 Good referencing: 1 point
Total 10 points
(3) Final exam
- Format: In-class written exam in 60 minutes. The in-class written exam can be in form
of 30-40 multiple-choice questions and/or 02-04 essay/exercise questions (in which,
01-02 theory-based question and 01-02 practical question). Students are not allowed to
use any material during the exam, but are allowed to bring a calculator with you.
- Content: All the learning outcomes will be assessed in the written examination. Both
theoretical and practical knowledge of the topics have been studied which will be
assigned by the instructor.
- Evaluation criteria for the exam including 2 parts (multiple-choice questions and essay
questions):
 For multiple-choice questions: Correct answers of multiple-choice questions will
be given maximum of 6 points.
 For essay questions: A clear and deep analysis will be given a maximum of 4
points, specifically for each question:
 Understand the issue 20%
 Solving the issue 20%
 Analyze the issue 20%
 Giving example 20%
 Expression 20%
Total 100%
- Evaluation criteria for the multiple-choice questions exam: Correct answers of
multiple-choice questions will be given maximum of 10 points.
- Evaluation criteria for the essay/exercise questions exam:
 Exercises: Concise answers and good written presentation will be given a
maximum of 5 points.

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 Essay questions: A clear and deep analysis will be given a maximum of 5 points,
specifically for each question:
 Understand the issue 20%
 Solving the issue 20%
 Analyze the issue 20%
 Giving example 20%
 Expression 20%
Total 100%

HEAD OF SCHOOL HEAD OF DEPARTMENT

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