Course Language:
English
Course Objectives:
The aim of the course is to provide a solid understanding of the conceptual basis and the necessary analytical tools for understanding balance of payments, exchange rates and their determination and the impacts of globalization on macroeconomic policy.
Course Content:
International Finance-Basic Concepts; The Foreign Exchange Market and Exchange Rates, Exchange Rate Determination; European Monetary System and International Monetary System; Macroeconomic Policies; Financial Globalization
Teaching Methods:
1: Lecture, 2: Question-Answer, 3: Discussion; 4: Simulation; 5: Case Study
Assessment Methods:
A: Testing, B: Presentation C: Homework, D: Project, E: Laboratory
Vertical Tabs
Course Learning Outcomes
Learning Outcomes | Program Learning Outcomes | Teaching Methods | Assessment Methods | |
Understands International Finance theory and explains related models and policy issues | 4,7,8 | 1,2,3 | A,B | |
Makes analysis and evaluations regarding the exchange rate policy | 1,3,5 | 1,2,3 | A,B | |
Understands financial globalization and examine how financial crises are transmitted internationally | 3,5,7 | 1,2,3 | A,B | |
Interprets the economic issues in the world economy | 5,10 | 1,2,3 | C |
Course Flow
COURSE CONTENT | ||
Week | Topics | Study Materials |
1 | Introduction | Textbook-Introduction |
2 | Balance of Payments | Textbook |
3 | An Economic Analysis of Foreign Exchange Markets | Online resources |
4 | Principles of Determination Process of Foreign Exchange Rates |
Textbook,
Online resources |
5 | International Monetary Systems: An Historical Overview |
Textbook,
Online resources |
6 | Optimum Currency Areas and the Euro | Textbook |
7 | Macroeconomic policies and the current account |
Textbook,
Online resources |
8 | Stabilization policies under a fixed exchange rate regime | Textbook |
9 | Capital account liberalization and economic crises | Textbook |
10 | The Global financial crisis of 2007-2010 | Textbook |
11 | Critiques of globalization |
Textbook,
Online resources, Lecture Notes |
12 | Income, wealth, and growth in the world economy |
Textbook,
Online resources |
13 | Developing countries borrowing and debt |
Textbook,
Online resources, Lecture Notes |
14 | General Discussion | |
Recommended Sources
RECOMMENDED SOURCES | |
Textbook |
|
Additional Resources |
|
Material Sharing
MATERIAL SHARING | |
Documents | Homework assignments, Guidelines for term project, Several articles |
Assignments |
Homework assignments
|
Exams | Midterm Exam and Final Exam |
Assessment
ASSESSMENT | ||
IN-TERM STUDIES | NUMBER | PERCENTAGE |
Mid-terms | 1 | 60 |
Assignments | 6 | 20 |
Term project | 1 | 20 |
Total | 100 | |
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE | 60 | |
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE | 40 | |
Total | 100 |
Course’s Contribution to Program
COURSE'S CONTRIBUTION TO PROGRAM | |||||||
No | Program Learning Outcomes | Contribution | |||||
1 | 2 | 3 | 4 | 5 | |||
1 |
By the use of genuine thinking and research, being able to develop and investigate the details of up to date and advanced knowledge and literature on the fields of finance and economics; to reach innovative and new definitions in specified fields
|
X | |||||
2 |
To have the skills of analysing and evaluating the information in multiple fields together; starting from these information, being competent in independently planning and carrying out scientific research studies
|
X | |||||
3 | To have the skill of passing the knowledge to people, with theoretical and practical basis. | X | |||||
4 |
To produce scientific papers with individual or group work in various subjects including finance, economics, statistics and computer science; to publish in national and international refereed journals; to present in national and international meetings.
|
X | |||||
5 |
To be informed about the recent information and developments on international basis.
|
X | |||||
6 | To be able to use and benefit from the software programs, data processing and information technologies required in the relevant fields. | X |
ECTS
ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION | |||
Activities | Quantity |
Duration (Hour) |
Total Workload (Hour) |
Course Duration (Including the exam week: 15x Total course hours) | 15 | 3 | 45 |
Hours for off-the-classroom study (Pre-study, practice) | 15 | 10 | 150 |
Mid-terms | 1 | 15 | 15 |
Homework | 6+1(Project) | (6+14) | 20 |
Final examination | 1 | 20 | 20 |
Total Work Load | 250 | ||
Total Work Load / 25 (h) | 10 | ||
ECTS Credit of the Course | 10 |