Economics And Financial Systems Of Emerging Markets

Program Type:

Thesis

Non Thesis

Course Code:

FE 533

P:

3

Lab:

0

Credits:

3

ECTS:

10

Course Language:

English

Course Objectives:

This course is designed to serve as a comprehensive course for researchers, policy makers, other practitioners, and undergraduate and graduate students interested in transition economies. Textbooks on this subject mainly aim to describe the socioeconomic conditions and problems in the former socialist countries and China. On the other hand, the main aim of this course is to understand academic research activities in transition economies research and their results in the last three decades.

Course Content:

The course content is week by week: Introduction, Transition Economies: Purpose, Methodology and Structure, Transition Strategy Discussion: Radicalism vs. Progressiveism, Transitional Recession and Recovery: Determinants of the J-Curve of Growth, Economic Transition and Poverty: Changes in the Determinants of Poverty, Social Complexity and Corruption: Examining the Causes and Consequences of an Ethics Break, Privatization, Business Ownership and Enterprise Restructuring, Human Resources Management in Transition, COMECON System and Trade Collapse in Transition, Foreign Direct Investment in Transition Economies; Regime Change and Environmental Reforms; Disruptions in Financial Markets of Developing Countries; Financial Market Efficiency, Prospects and Dynamics.

Teaching Methods:

1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study

Assessment Methods:

A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Course Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
Understanding the structure of transition economies, transition strategies, J-Curve	1,2,3,5	1,2,3	A,C
Obtaining up-to-date information on trade, human resources and reforms in the transition period	1,2,3,5	1,2,3	A,C
Understanding the functioning of financial markets in developing countries	1,5	1,2,3	A,C

Course Flow

COURSE CONTENT
Week	Topics	Study Materials
1	Introduction	Lecture notes
2	Transition Economies: Purpose, Method, Structure	Lecture notes
3	Transition Strategy Discussion:: Radicalism and Incrementalism	Lecture notes
4	Resession and Recovery: Determinants of Growth J-curve	Lecture notes
5	Economic Transition and Poverty: Changes in Determinants of Poverty	Lecture notes
6	Social Chaos and Corruption: Examination of Ethical Breakdown and its Consequences	Lecture notes
7	Midterm	Lecture notes
8	Privatization, Ownership, Restructring	Lecture notes
9	Human Resouces Management in transition	Lecture notes
10	COMECON Systems in transition and Trade Breakdown	Lecture notes
11	Foreign Direct Investments in transition Economies	Lecture notes
12	Regime Changes and Enviromental Reforms	Lecture notes
13	Deformation in Financial Systems of Developing Countries	Lecture notes
14	Efficient Financial Markets, Expectations and Dynamics	Lecture notes
15	Final

Recommended Sources

RECOMMENDED SOURCES
Textbook			The Economics of Transition Developing and Reforming Emerging Economies, Edited by Ichiro Iwasaki, 2020, Routledge The Economics of Financial Reform in Developing Countries, Wilbert 0. Bascom, 1994, PALGRAVE THE MACMILLAN PRESS LTD
Additional Resources			Course Notes Course website, lecture notes, financial markets laboratory, financial calculator, online resources, excel type software.

Material Sharing

MATERIAL SHARING
Documents			Guidelines and additional examples for Lecture Topics and Homework Assignments
Assignments			Homework assignments
Exams			Midterm Exam and Final Exam

Assessment

ASSESSMENT
IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-Term	1	40
Class Performance	1	0
Final Exam	1	60
	Total	100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		60
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		40
	Total	100

COURSE CATEGORY	Expertise/Field Courses

Course’s Contribution to Program

COURSE'S CONTRIBUTION TO PROGRAMME
No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	1	2	3	4	5
1	To comprehend the basic principles of finance and to be able to apply these principles in national and international areas.					X
2	To use modern information technologies and current financial tools effectively.				X
3	To comprehend the ethical rules and social responsibility understanding accepted by financial professional organizations and to apply them in the decisions to be taken.		X
4	To have the infrastructure that will enable them to do business in multicultural, multilingual and interdisciplinary environments.			X
5	To have information about the markets and the functioning of the markets and to analyze the developments in these markets.			X	X
6	To recognize the management tools and models specific to multinational companies and to be able to apply them where necessary.
7	To understand the structure of the global economic system and to analyze how new developments will affect this structure.		X
8	To be able to use the ability of critical thinking in the decision making process.		X
9	To transfer the acquired leadership, teamwork and communication skills to the lifelong learning process.
10	To be able to manage the process with analytical and creative approaches by anticipating the opportunities and problems that dynamic working conditions may create.

ECTS

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course hours	16	3	48
Hours for off-the-classroom study (Pre-study, practice, review/week)	16	4	64
Homework	6	60	72
Mid-term	1	10	40
Final	1	15	30
Total Work Load			254
Total Work Load / 25 (h)			10,16
ECTS Credit of the Course			10

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