1. Class 11 Rhodes, Greece

2. Brian David Butler Professor of international finance and global entrepreneurship with Forum-Nexus Study Abroad. Guest lecturer with the IQS Business School of the Ramon Llull University in Barcelona, and the Catholic University of Milan . Previously, Brian taught finance, economics and global trade courses at Thunderbird’s Global MBA program in Miami, and worked as a research analyst with the Columbia Business School in New York City. Brian currently lives in Recife, Brazil where he is teaching classes at the university Faculdade Boa Viagem . A global citizen, Brian was born in Canada, raised in Switzerland (where he attended international British school), educated through university in the U.S., started his career with a Japanese company, moved to New York to work as an analyst, married a Brazilian, and has traveled extensively in Latin America, Asia, Europe and North America. [email_address] LinkedIn/briandbutler Skype: briandbutler

3. Brian Butler is a specialist in international economic analysis, and is founder of the prestigious “GloboTrends“ ( www.globotrends.com ) online economics site, which has been featured as syndicated content on Nouriel Roubini’s RGE Monitor, Emerginvest.com, Business Week Exchange, Wikinvest.com, and other leading news outlets. http:// globotrends.pbworks.com / , http:// blog.globotrends.com /

5. Lecture Schedule* * Does not include professional visits, *Subject to change, modification without warning

7. Athens Greece Greece – at the heart of a European Crisis?

20. Why is “short term” finance a problem / risk for a country like Greece / Spain? http://thegovmonitor.com/world_news/united_states/greece-italy-and-europes-sovereign-debt-crisis-28846.html

22. International financial markets Intro to Eurocurrencies, eurobonds, more…

33. Facebook case study International financial markets

39. # = All interest costs are presented as annual percentage rates. The rates would have to be renegotiated annually each year during the project if bank loans were used. Facebook could expect to pay a spread of one percent per year over LIBOR or 1/8% over prime, plus the fees that are one-time, up-front payments on the financing, based on the principal value of the loan. To simplify the analysis, assume that the interest payments take place at the end of the period, if you wish. † = bonds are issued at fixed interest rate for two years. A Eurobond issued at a floating interest rate is called a Floating Rate Note (FRN). k* = Facebook's weighted average cost of capital.