Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTERNATIONAL FINANCE | - | Spring Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Ayşe Saime DÖNER |
| Name of Lecturer(s) | Prof.Dr. Mehmet BABACAN |
| Assistant(s) | |
| Aim | Developing ability to use the tools of economic theory for the analysis of international economics phenomena, specifically finance, in aggregate terms. |
| Course Content | This course contains; Financialization of the World Economy: An Overview,A Brief Introduction to The Balance-Of-Payments,Foreign Exchange: Basic Market Dynamics and Key Concepts,Exchange Rate Determination and Forecasting,Balance of Payments Adjustment Mechanisms under Fixed Exchange Rate Regimes,Exchange Rate Adjustments and Effects on Balance of Payments,Fixed or Pegged Exchange Rate Regimes and Country Experiences of Stabilization Programs,Floating or Flexible Exchange Rate Regimes and Country Experiences,Currency Politics and Crises: A Crash Course,International Economic Policy: Changes in the Level and Direction of Demand,The Relevance of International Policy Coordination,International Banking: Reserves, Debt and Risk Management,International Debt Issues, Role of International Banks and Institutions (IMF),“Why Nations Fail” and “How Nations Succeed”: A Focus on Financial Development. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain the fundamentals of international financial markets and institutions. | 10, 16, 6, 9 | A |
| 1.1. Gains insights into the structure and functioning of global financial markets, including the foreign exchange market and international capital markets. | ||
| 1.2. Comprehends the role of international financial institutions such as the International Monetary Fund (IMF), World Bank, and regional development banks in fostering global economic stability and development. | ||
| 2. Will be able to analyze the impact of exchange rate fluctuations on international business and financial management. | 10, 16, 6, 9 | A |
| 2.1. Evaluates the effects of exchange rate volatility on multinational corporations' financial performance and strategies. | ||
| 2.2. Examines the implications of currency fluctuations on international trade, investment, and capital flows, considering both the risks and opportunities involved. | ||
| 3. Will be able to evaluate the risks and challenges associated with international investments and financial decision-making. | 10, 16, 6, 9 | A |
| 3.1. Assesses the various types of risks, including political, economic, and financial risks, that companies face when operating in foreign markets. | ||
| 3.2. Understands the challenges of assessing and managing risks in international investment projects, considering factors such as country risk, sovereign risk, and market risk. | ||
| 4. Will be able to identify the necessary skills in managing financial operations in a multinational context. | 10, 16, 6, 9 | A |
| 4.1. Applies financial management principles in the context of diverse international environments and regulatory frameworks. | ||
| 4.2. Understands the intricacies of managing cash flows, capital structure, and financial resources in a multinational corporation, taking into account cross-border legal and tax implications. | ||
| 5. Will be able to define the regulatory and ethical considerations in international finance. | 10, 16, 6, 9 | A |
| 5.1. Analyzes the impact of international financial regulations and compliance standards on global financial transactions and operations. | ||
| 5.2. Understands the ethical dilemmas and challenges faced by financial professionals operating in a global context, including issues related to corporate governance and responsible financial decision-making. |
| Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Financialization of the World Economy: An Overview | |
| 2 | A Brief Introduction to The Balance-Of-Payments | |
| 3 | Foreign Exchange: Basic Market Dynamics and Key Concepts | |
| 4 | Exchange Rate Determination and Forecasting | |
| 5 | Balance of Payments Adjustment Mechanisms under Fixed Exchange Rate Regimes | |
| 6 | Exchange Rate Adjustments and Effects on Balance of Payments | |
| 7 | Fixed or Pegged Exchange Rate Regimes and Country Experiences of Stabilization Programs | |
| 8 | Floating or Flexible Exchange Rate Regimes and Country Experiences | |
| 9 | Currency Politics and Crises: A Crash Course | |
| 10 | International Economic Policy: Changes in the Level and Direction of Demand | |
| 11 | The Relevance of International Policy Coordination | |
| 12 | International Banking: Reserves, Debt and Risk Management | |
| 13 | International Debt Issues, Role of International Banks and Institutions (IMF) | |
| 14 | “Why Nations Fail” and “How Nations Succeed”: A Focus on Financial Development |
| Resources |
| Robert Carbaugh, International Economics, 16th Edition, Cengage, 2018. Krugman et al, International Economics, Pearson 11th Global Edition, 2018. (Supp.) |
| Jeffry A. Frieden, Currency Politics, Princeton University Press, 2015. Daron Acemoglu, Why Nations Fail, Profile Books, 2012. Murat A. Yülek, How Nations Succeed, Springer, 2018. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | (S)he describes theoretical knowledge in economics and finance. | X | |||||
| 2 | (S)he explains mathematical and statistical methods needed for economics and finance. | X | |||||
| 3 | (S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB). | ||||||
| 4 | (S)he has the foreign language proficiency necessary for economics and finance. | X | |||||
| 5 | (S)he develops projects in the field and handles team work. | X | |||||
| 6 | (S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach. | X | |||||
| 7 | (S)he uses theoretical and practical knowledge on economics and finance. | X | |||||
| 8 | (S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1. | X | |||||
| 9 | (S)he adopts and uses organizational, corporate and social ethical values. | X | |||||
| 10 | (S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity. | ||||||
| 11 | (S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies. | ||||||
| 12 | (S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 20 | |
| Rate of Final Exam to Success | 80 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 14 | 2 | 28 | |||
| Resolution of Homework Problems and Submission as a Report | 14 | 2 | 28 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 1 | 30 | 30 | |||
| Midterm Exam | 1 | 45 | 45 | |||
| General Exam | 1 | 50 | 50 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 223 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(223/30) | 7 | |||||
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. | ||||||
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTERNATIONAL FINANCE | - | Spring Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Ayşe Saime DÖNER |
| Name of Lecturer(s) | Prof.Dr. Mehmet BABACAN |
| Assistant(s) | |
| Aim | Developing ability to use the tools of economic theory for the analysis of international economics phenomena, specifically finance, in aggregate terms. |
| Course Content | This course contains; Financialization of the World Economy: An Overview,A Brief Introduction to The Balance-Of-Payments,Foreign Exchange: Basic Market Dynamics and Key Concepts,Exchange Rate Determination and Forecasting,Balance of Payments Adjustment Mechanisms under Fixed Exchange Rate Regimes,Exchange Rate Adjustments and Effects on Balance of Payments,Fixed or Pegged Exchange Rate Regimes and Country Experiences of Stabilization Programs,Floating or Flexible Exchange Rate Regimes and Country Experiences,Currency Politics and Crises: A Crash Course,International Economic Policy: Changes in the Level and Direction of Demand,The Relevance of International Policy Coordination,International Banking: Reserves, Debt and Risk Management,International Debt Issues, Role of International Banks and Institutions (IMF),“Why Nations Fail” and “How Nations Succeed”: A Focus on Financial Development. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain the fundamentals of international financial markets and institutions. | 10, 16, 6, 9 | A |
| 1.1. Gains insights into the structure and functioning of global financial markets, including the foreign exchange market and international capital markets. | ||
| 1.2. Comprehends the role of international financial institutions such as the International Monetary Fund (IMF), World Bank, and regional development banks in fostering global economic stability and development. | ||
| 2. Will be able to analyze the impact of exchange rate fluctuations on international business and financial management. | 10, 16, 6, 9 | A |
| 2.1. Evaluates the effects of exchange rate volatility on multinational corporations' financial performance and strategies. | ||
| 2.2. Examines the implications of currency fluctuations on international trade, investment, and capital flows, considering both the risks and opportunities involved. | ||
| 3. Will be able to evaluate the risks and challenges associated with international investments and financial decision-making. | 10, 16, 6, 9 | A |
| 3.1. Assesses the various types of risks, including political, economic, and financial risks, that companies face when operating in foreign markets. | ||
| 3.2. Understands the challenges of assessing and managing risks in international investment projects, considering factors such as country risk, sovereign risk, and market risk. | ||
| 4. Will be able to identify the necessary skills in managing financial operations in a multinational context. | 10, 16, 6, 9 | A |
| 4.1. Applies financial management principles in the context of diverse international environments and regulatory frameworks. | ||
| 4.2. Understands the intricacies of managing cash flows, capital structure, and financial resources in a multinational corporation, taking into account cross-border legal and tax implications. | ||
| 5. Will be able to define the regulatory and ethical considerations in international finance. | 10, 16, 6, 9 | A |
| 5.1. Analyzes the impact of international financial regulations and compliance standards on global financial transactions and operations. | ||
| 5.2. Understands the ethical dilemmas and challenges faced by financial professionals operating in a global context, including issues related to corporate governance and responsible financial decision-making. |
| Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Financialization of the World Economy: An Overview | |
| 2 | A Brief Introduction to The Balance-Of-Payments | |
| 3 | Foreign Exchange: Basic Market Dynamics and Key Concepts | |
| 4 | Exchange Rate Determination and Forecasting | |
| 5 | Balance of Payments Adjustment Mechanisms under Fixed Exchange Rate Regimes | |
| 6 | Exchange Rate Adjustments and Effects on Balance of Payments | |
| 7 | Fixed or Pegged Exchange Rate Regimes and Country Experiences of Stabilization Programs | |
| 8 | Floating or Flexible Exchange Rate Regimes and Country Experiences | |
| 9 | Currency Politics and Crises: A Crash Course | |
| 10 | International Economic Policy: Changes in the Level and Direction of Demand | |
| 11 | The Relevance of International Policy Coordination | |
| 12 | International Banking: Reserves, Debt and Risk Management | |
| 13 | International Debt Issues, Role of International Banks and Institutions (IMF) | |
| 14 | “Why Nations Fail” and “How Nations Succeed”: A Focus on Financial Development |
| Resources |
| Robert Carbaugh, International Economics, 16th Edition, Cengage, 2018. Krugman et al, International Economics, Pearson 11th Global Edition, 2018. (Supp.) |
| Jeffry A. Frieden, Currency Politics, Princeton University Press, 2015. Daron Acemoglu, Why Nations Fail, Profile Books, 2012. Murat A. Yülek, How Nations Succeed, Springer, 2018. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | (S)he describes theoretical knowledge in economics and finance. | X | |||||
| 2 | (S)he explains mathematical and statistical methods needed for economics and finance. | X | |||||
| 3 | (S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB). | ||||||
| 4 | (S)he has the foreign language proficiency necessary for economics and finance. | X | |||||
| 5 | (S)he develops projects in the field and handles team work. | X | |||||
| 6 | (S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach. | X | |||||
| 7 | (S)he uses theoretical and practical knowledge on economics and finance. | X | |||||
| 8 | (S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1. | X | |||||
| 9 | (S)he adopts and uses organizational, corporate and social ethical values. | X | |||||
| 10 | (S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity. | ||||||
| 11 | (S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies. | ||||||
| 12 | (S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 20 | |
| Rate of Final Exam to Success | 80 | |
| Total | 100 | |