Faculty of Business and Management Sciences · Business Administration (English 30%) · Undergraduate
Course Objective
The course discusses international financial markets and instruments including currency markets, international diversification; optimal asset allocation, the globalization and its effects on markets, asset allocation, and the real economy.
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
- GATT and WTO struckture
- IMF and World Bank
- International political economy
- Mercantilism, liberal and socialist economic policies
- Free Trade Zone and Customs Union
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 1 | 3 | 3 |
| Out of Class Study Period | 1 | 5 | 5 |
| Midterm | 1 | 2 | 2 |
| Quiz | 1 | 1 | 1 |
| Assignment | 1 | 20 | 20 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Chapter 1: Introduction | Chapter 1 |
| 2 | Chapter 13: National Income Accounting & the Balance of Payments | Chapter 13 |
| 3 | Chapter 14: Exchange Rates and the Foreign Exchange Market: An Asset Approach | Chapter 14 |
| 4 | Chapter 15: Money, Interest Rates, and Exchange Rates | Chapter 15 |
| 5 | Chapter 16: Price Levels and the Exchange Rate in the Long Run | Chapter 16 |
| 6 | Chapter 17: Output and the Exchange Rate in the Short Run | Chapter 17 |
| 7 | Chapter 18: Fixed Exchange Rates and Foreign Exchange Intervention | Chapter 18 |
| 8 | MIDTERM EXAM | |
| 9 | Chapter 19: International Monetary Systems: An Historical Overview-Part1 | Chapter 19 |
| 10 | Chapter 19: International Monetary Systems: An Historical Overview-Part2 | Chapter 19 |
| 11 | Chapter 20: Financial Globalization: Opportunity and Crisis | Chapter 20 |
| 12 | Chapter 21: Optimum Currency Areas and the Euro | Chapter 21 |
| 13 | 23 Nisan Tatil | |
| 14 | Chapter 22: Developing Countries: Growth, Crisis, and Reform | Chapter 22 |
| 15 | Term Project presentations | Proje Araştırması |
| 16 | Final Exam |