Skip to main content

ISL 610 - International Finance

Graduate Education Institute · Business Administration · Doctorate

ECTS: 7.5 T+P+L: 3+0+0 Departmental Elective
Coordinator: Prof. Dr. Özgür KÖKALAN

Course Objective

The course discusses the theory on practices of international finance and financial management with the latest developments. The implications for the corporate, government and financial sectos will separately be analyzed in detail.

Course Content

The implications for the corporate, government and financial sectos will separately be analyzed in detail. We will focus on the theories of international finance and their reflections on current practices and policies.The aim of this course is to become familiar with international capital markets, to understand the economic forces at play, to become familiar with some important details of international capital markets, and to examine the current difficulties facing international capital markets. Also following topics will be examined: • Basic concepts in the global economy (exchange rates, balance of payments, etc.) • Financial instruments in open economies (forward exchange rates, futures markets for foreign exchange, foreign exchange options and other derivatives, etc.). The economic forces at work in international financial markets (exchange rate determination, interest rate parity, foreign exchange risk, real exchange rates, the global capital asset pricing model, etc.)

Required Resources

Prof. Dr. Halil Seyidoğlu, Uluslararası Finans, Güzem Can Publishing, 2016

Recommended Resources

Prof. Dr Hatice Doğukanlı, Ululararası Finans, Karahan Publishing, 2000

Course Learning Outcomes

  1. At the end of this course, the student will,1. Absorb the evolution of international finance.
  2. At the end of this course, the student will,2. Have knowledge about current international finance.
  3. At the end of this course, the student will,3. Be able to compare the theory and practices of internaitonal finance.
  4. rating agencies
  5. externality and importance of public intervention
  6. Firm types and firms-household behavior and market mechanism
  7. Evaluation of input factors
  8. game theory and prisoner's dilemma
  9. Monetary and financial makrets
  10. To obtain a knowledge in International Finance and adjunct subjects that enable to perform a scientific and practical assessments.
  11. Selection measurement between production factors
  12. poverty, income distribution and lorenz curve-theory

Core Area Distribution

(31) Social and Behavioural Science%20 (34) Business and Administration%80

Teaching Methods

ExpressionQuestion-AnswerDiscussionBrain StormingProblem Solving

Assessment & Evaluation

HomeworkTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)16348
Out of Class Study Period16464
Midterm133
Quiz000
Assignment16060
Practice10110
Final133

Course Schedule

WeekSubjectPreparation
1International finance, firms and marketsIntroduction
2International flows of fundsChapter 1
3International financial marketsChapter 2
4Exchange rate determinationChapter 3
5Currency derivativesChapter 4
6Exchange rate systems and policiesChapter 5
7Interest rates, purchasing power and other paritiesChapter 6
8MidtermMidterm
9Links between exchange rates, interest trates and inflationChapter 7
10Forecasting exchange ratesChapter 8
11Measuring exchange rate riskChapter 9
12Managing transaction exposureChapter 10
13Managing economic exposureChapter 11
14Foreign direct investmentChapter 12
15Country risk analysisChapter 13
16Final SınavıFinal Sınavı