Faculty of Business and Management Sciences · International Trade and Finance (English) · 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.
Required Resources
- International Economics: Theory and Policy, by Paul Krugman and Maurice Obstfeld (12th Edition, 2022) published by Pearson.
Recommended Resources
- Acemoglu, D., & Robinson, J. A. (2013). Why nations fail: The origins of power, prosperity, and poverty. Broadway Business.
- James Gerber, International Economics. (2018). 7th Global edition. Pearson Education.
- Ferguson, N. (2008). The ascent of money: A financial history of the world. Penguin.
- Uluslararası İktisat, Teori Politika ve Uygulama, Prof. Dr. Halil Seyidoğlu, 2016. 20. Baskı. Güzem Can Yayınları.
- Uluslararası İktisat: Teori ve Politika, Paul Krugman and Maurice Obstfeld, Çeviri Editörü: Prof. Dr. Onur Özsoy. Onuncu baskıdan çeviri, 2014, Palme Yayıncılık.
- Economist Magazine, Financial Times, Wall Street Journal, Ekonomi Gazetesi
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) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 11 | 11 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 10 | 10 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 10 | 10 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | 6 İşletme ve Yönetim Bilimleri Fakültesi İktisat (%30 İngilizce) Normal Şube Normal Eğitim / Regular Education IKT 312E Uluslararası İktisat-II | Ch 13 |
| 2 | Chapter 14: Exchange Rates and the Foreign Exchange Market: An Asset Approach | Ch 14 |
| 3 | Chapter 15: Money, Interest Rates, and Exchange Rates | Ch 15 |
| 4 | Chapter 16: Price Levels and the Exchange Rate in the Long Run | Ch 16 |
| 5 | Output and the Exchange Rate in the Short Run | Ch 17 |
| 6 | Chapter 18: Fixed Exchange Rates and Foreign Exchange Intervention | Ch 18 |
| 7 | Chapter 19: International Monetary Systems: An Historical Overview-Part1 | Ch 19 |
| 8 | Ara Sınav | Ara Sınav |
| 9 | Chapter 19: International Monetary Systems: An Historical Overview-Part2 | Ch 19 |
| 10 | Chapter 20: Financial Globalization: Opportunity and Crisis | Ch 20 |
| 11 | Chapter 21: Optimum Currency Areas and the Euro | Ch 21 |
| 12 | Chapter 22: Developing Countries: Growth, Crisis, and Reform | Ch 22 |
| 13 | Term Project Presentations | Project Research |
| 14 | Term Project Presentations | Project Research |
| 15 | Term Project Presentations | Project Research |
| 16 | Final Sınavı | Final Sınavı |