Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| EMERGING MARKETS | ITF3271430 | 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 | Elective |
| Course Coordinator | Assist.Prof. Orhan ÖZAYDIN |
| Name of Lecturer(s) | Prof.Dr. Mehmet BABACAN |
| Assistant(s) | |
| Aim | The aim of this course is to equip students with a comprehensive understanding of the unique characteristics, challenges, and opportunities presented by economies that are in the process of development, with a particular focus on the dynamics of emerging market economies. |
| Course Content | This course contains; A Brief Discussion of the Course Outline,Short History of Modern Macro-Measurement; Growth and Development: A Myth or Fact-Based Story ,Concepts and Definitions: The Macroeconomic Accounts; Basic Notion of Development; Scope of Development Macroeconomics ,Structural Issues and the Role of Institutions,Industrial Policy and Emerging Markets; Trade and Emerging Markets ,Doing Business in the EMs and Global Supply-Value Chains,EM Country Focus: China, India and East Asia (Korea and Indonesia),EM Country Focus: Russia, Turkey and MENA (Egypt and GCC),EM Country Focus: Brazil, Mexico and Latin America (Argentina and Chile),Sovereign Debt Problem,An Overview of Stabilization Programs,Lessons from the Emerging-Market Crises of the 1990s and 2000s,Emerging Markets: Current State and Outlook,“Why Nations Fail” and “How Nations Succeed”: A Discussion. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain the role of capital markets in emerging markets on debt and currency crises. | 9 | A |
| 1.1. Express the interaction between public debt and capital markets in emerging economies. | 9 | A |
| 1.2. Express the role of capital markets in currency crises in emerging economies. | 9 | A |
| 2. Will be able to develop a basic understanding regarding the history and possible future of emerging market economies. | 9 | A |
| 2.1. Express the phases emerging economies passed through in the post World War II period. | 9 | A |
| 2.2. Express what may lie ahead for emerging countries in the future. | 9 | A |
| 3. Will be able to explain key characteristics and main drivers of emerging markets. | 9 | A |
| 3.1. Explain the defining characteristics of emerging market economies. | 9 | A |
| 3.2. Explain the effect of globalization on emerging markets. | 9 | A |
| 4. Will be able to explain the risks and opportunities associated with investing in emerging markets. | 9 | A |
| 4.1. Identify and analyze investment risks in emerging markets. | 9 | A |
| 4.2. Evaluate the potential returns and growth opportunities in emerging market investments. | 9 | A |
| 5. Will be able to explain the impact of emerging markets on the global economy and their role in shaping international trade and finance. | 9 | A |
| 5.1. Explain the interconnectedness of emerging markets with the global economic system. | 9 | A |
| 5.2. Evaluate the influence of emerging markets on international trade dynamics. | 9 | A |
| Teaching Methods: | 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | A Brief Discussion of the Course Outline | |
| 2 | Short History of Modern Macro-Measurement; Growth and Development: A Myth or Fact-Based Story | |
| 3 | Concepts and Definitions: The Macroeconomic Accounts; Basic Notion of Development; Scope of Development Macroeconomics | |
| 4 | Structural Issues and the Role of Institutions | |
| 5 | Industrial Policy and Emerging Markets; Trade and Emerging Markets | |
| 6 | Doing Business in the EMs and Global Supply-Value Chains | |
| 7 | EM Country Focus: China, India and East Asia (Korea and Indonesia) | |
| 8 | EM Country Focus: Russia, Turkey and MENA (Egypt and GCC) | |
| 9 | EM Country Focus: Brazil, Mexico and Latin America (Argentina and Chile) | |
| 10 | Sovereign Debt Problem | |
| 11 | An Overview of Stabilization Programs | |
| 12 | Lessons from the Emerging-Market Crises of the 1990s and 2000s | |
| 13 | Emerging Markets: Current State and Outlook | |
| 14 | “Why Nations Fail” and “How Nations Succeed”: A Discussion |
| Resources |
| - Charles van Marrewijk, Steven Brakman, Julia Swart, The Economics of Developing and Emerging Markets, Cambridge University Press, 2022. |
| - Peter J. Montiel, Macroeconomics in Emerging Markets, Cambridge University Press, 2nd Edition, 2011. - Angus Maddison, Contours of the World Economy I-2030 AD, Oxford University Press, 2007. - Pierre-Richard Agenor and Peter J. Montiel, Development Macroeconomics, Princeton University Press, 3rd Edition, 2008. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Uluslararası ticaret ve finansman alanında teorik bilgileri tanımlar. | X | |||||
| 2 | Uluslararası ticaret ve finansman alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | ||||||
| 3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | ||||||
| 4 | Uluslararası ticaret ve finansman alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | ||||||
| 5 | Uluslararası ticaret ve finansman alanında projeler hazırlar ve takım çalışmalarını yönetir. | ||||||
| 6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | |||||
| 7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | ||||||
| 8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar. | X | |||||
| 9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | ||||||
| 10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | ||||||
| 11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde (ekonomi, finans, sosyoloji, hukuk, işletme) temel bilgileri ve verileri analiz ederek alanında kullanır. | ||||||
| 12 | Öğrenciler, küresel ticaret, ihracat-ithalat işlemleri, gümrük işlemleri ve dış ticaretin finansmanı alanlarında uzmanlık elde eder. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 0 | 0 | 0 | |||
| Guided Problem Solving | 0 | 0 | 0 | |||
| Resolution of Homework Problems and Submission as a Report | 0 | 0 | 0 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 0 | 0 | 0 | |||
| Midterm Exam | 0 | 0 | 0 | |||
| General Exam | 0 | 0 | 0 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 0 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(0/30) | 0 | |||||
| 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 |
|---|---|---|---|---|---|
| EMERGING MARKETS | ITF3271430 | 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 | Elective |
| Course Coordinator | Assist.Prof. Orhan ÖZAYDIN |
| Name of Lecturer(s) | Prof.Dr. Mehmet BABACAN |
| Assistant(s) | |
| Aim | The aim of this course is to equip students with a comprehensive understanding of the unique characteristics, challenges, and opportunities presented by economies that are in the process of development, with a particular focus on the dynamics of emerging market economies. |
| Course Content | This course contains; A Brief Discussion of the Course Outline,Short History of Modern Macro-Measurement; Growth and Development: A Myth or Fact-Based Story ,Concepts and Definitions: The Macroeconomic Accounts; Basic Notion of Development; Scope of Development Macroeconomics ,Structural Issues and the Role of Institutions,Industrial Policy and Emerging Markets; Trade and Emerging Markets ,Doing Business in the EMs and Global Supply-Value Chains,EM Country Focus: China, India and East Asia (Korea and Indonesia),EM Country Focus: Russia, Turkey and MENA (Egypt and GCC),EM Country Focus: Brazil, Mexico and Latin America (Argentina and Chile),Sovereign Debt Problem,An Overview of Stabilization Programs,Lessons from the Emerging-Market Crises of the 1990s and 2000s,Emerging Markets: Current State and Outlook,“Why Nations Fail” and “How Nations Succeed”: A Discussion. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain the role of capital markets in emerging markets on debt and currency crises. | 9 | A |
| 1.1. Express the interaction between public debt and capital markets in emerging economies. | 9 | A |
| 1.2. Express the role of capital markets in currency crises in emerging economies. | 9 | A |
| 2. Will be able to develop a basic understanding regarding the history and possible future of emerging market economies. | 9 | A |
| 2.1. Express the phases emerging economies passed through in the post World War II period. | 9 | A |
| 2.2. Express what may lie ahead for emerging countries in the future. | 9 | A |
| 3. Will be able to explain key characteristics and main drivers of emerging markets. | 9 | A |
| 3.1. Explain the defining characteristics of emerging market economies. | 9 | A |
| 3.2. Explain the effect of globalization on emerging markets. | 9 | A |
| 4. Will be able to explain the risks and opportunities associated with investing in emerging markets. | 9 | A |
| 4.1. Identify and analyze investment risks in emerging markets. | 9 | A |
| 4.2. Evaluate the potential returns and growth opportunities in emerging market investments. | 9 | A |
| 5. Will be able to explain the impact of emerging markets on the global economy and their role in shaping international trade and finance. | 9 | A |
| 5.1. Explain the interconnectedness of emerging markets with the global economic system. | 9 | A |
| 5.2. Evaluate the influence of emerging markets on international trade dynamics. | 9 | A |
| Teaching Methods: | 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | A Brief Discussion of the Course Outline | |
| 2 | Short History of Modern Macro-Measurement; Growth and Development: A Myth or Fact-Based Story | |
| 3 | Concepts and Definitions: The Macroeconomic Accounts; Basic Notion of Development; Scope of Development Macroeconomics | |
| 4 | Structural Issues and the Role of Institutions | |
| 5 | Industrial Policy and Emerging Markets; Trade and Emerging Markets | |
| 6 | Doing Business in the EMs and Global Supply-Value Chains | |
| 7 | EM Country Focus: China, India and East Asia (Korea and Indonesia) | |
| 8 | EM Country Focus: Russia, Turkey and MENA (Egypt and GCC) | |
| 9 | EM Country Focus: Brazil, Mexico and Latin America (Argentina and Chile) | |
| 10 | Sovereign Debt Problem | |
| 11 | An Overview of Stabilization Programs | |
| 12 | Lessons from the Emerging-Market Crises of the 1990s and 2000s | |
| 13 | Emerging Markets: Current State and Outlook | |
| 14 | “Why Nations Fail” and “How Nations Succeed”: A Discussion |
| Resources |
| - Charles van Marrewijk, Steven Brakman, Julia Swart, The Economics of Developing and Emerging Markets, Cambridge University Press, 2022. |
| - Peter J. Montiel, Macroeconomics in Emerging Markets, Cambridge University Press, 2nd Edition, 2011. - Angus Maddison, Contours of the World Economy I-2030 AD, Oxford University Press, 2007. - Pierre-Richard Agenor and Peter J. Montiel, Development Macroeconomics, Princeton University Press, 3rd Edition, 2008. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Uluslararası ticaret ve finansman alanında teorik bilgileri tanımlar. | X | |||||
| 2 | Uluslararası ticaret ve finansman alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | ||||||
| 3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | ||||||
| 4 | Uluslararası ticaret ve finansman alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | ||||||
| 5 | Uluslararası ticaret ve finansman alanında projeler hazırlar ve takım çalışmalarını yönetir. | ||||||
| 6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | |||||
| 7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | ||||||
| 8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar. | X | |||||
| 9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | ||||||
| 10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | ||||||
| 11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde (ekonomi, finans, sosyoloji, hukuk, işletme) temel bilgileri ve verileri analiz ederek alanında kullanır. | ||||||
| 12 | Öğrenciler, küresel ticaret, ihracat-ithalat işlemleri, gümrük işlemleri ve dış ticaretin finansmanı alanlarında uzmanlık elde eder. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |