Graduate Education Institute · International Finance and Participation Banking · Master
Course Objective
The course aims at equipping the students with the latest developments of theory and parctices of international finance
Course Content
This course covers a variety of topics in international finance and open-economy macroeconomics, including: the foreign exchange market, exchange rate determination, Purchasing Power Parity, output and exchange rate determination under fixed and flexible exchange rates, speculative attacks and the causes and consequences of international financial crises. The course will also discuss various recent policy debates. We will discuss the role of global imbalances in the recent financial crisis, and several recent proposals to reform the international financial system.
Course Learning Outcomes
- At the end of this course, the student will,1. Absorb the evolution of international finance.
- At the end of this course, the student will,2. Have knowledge about current international finance.
- At the end of this course, the student will,3. Be able to compare the theory and practices of internaitonal finance.
- To achive the talents to make theoretical and practical assessments in international finance
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 5 | 80 |
| Midterm | 1 | 2 | 2 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 15 | 15 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction | Chapter 1 |
| 2 | World Trade: An Overview | Chapter 2 |
| 3 | National Income Accounting & the Balance of Payments | Chapter 13 “Birth Pains”, “China, New Financial Superpower”, “The Trilemma of International Finance” |
| 4 | Exchange Rates and the Foreign Exchange Market: An Asset Approach | Chapter 14 |
| 5 | Para, Faiz Oranları ve Döviz Kurları | Chapter 15 |
| 6 | Price Levels and the Exchange Rate in the Long Run | Chapter 16 “Burger-Thy-Neighbor Policies”, “Understanding Trends in Foreign Exchange Rates” |
| 7 | Output and the Exchange Rate in the Short Run | Chapter 17 |
| 8 | Midterm Exam | Chapters 1, 2, 13-17 |
| 9 | Fixed Exchange Rates and Foreign Exchange Intervention | Chapter 18 |
| 10 | International Monetary Systems: An Historical Overview | Chapter 19 |
| 11 | Chapter 20: Financial Globalization: Opportunity and Crisis | Chapter 20 Mundell, “A Reconsideration of the Twentieth Century” |
| 12 | Optimum Currency Areas and the Euro | Chapter 21 “A Theory of Optimum Currency Areas” “Crash of the Bumblebee” “The Global Fallout of a Eurozone Collapse” |
| 13 | Developing Countries: Growth, Crisis, and Reform | Chapter 22 |
| 14 | Term Project Presentations | Reports |
| 15 | Term Project Presentations | Reports |
| 16 | Final Exam | Chapters 1, 2, 13-22 |