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| IKT3020 | International Financial Economics | 3+0+0 | ECTS:4 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Elective | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Ayça SARIALİOĞLU HAYALİ | | Co-Lecturer | NONE | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | It is to tell students studying economics the financial issues of the international economics course in a more financial weighted, detailed and quantitative way compared to the international economics-II class and to help students studying economics to understand the background or theory of the issues participating at the written and/or visual media including the terminology that is used in the field of international finance. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | Learn the financial issues of the international economics course in a more financial weighted, detailed and quantitative way compared to the international economics-II class. | 2,6,8 | 1, | | LO - 2 : | Understand the background or theory of the issues participating at the written and/or visual media in the field of international finance. | 2,6,8 | 1, | | LO - 3 : | Learn the terminology of the issues participating at the written and/or visual media in the field of international finance. | 2,6,8 | 1, | | LO - 4 : | Gain a perspective on the contemporary issues such as the developments experienced on the way going to the global financial crisis and on the facts how the financial instruments and which of them could be used. | 2,6,8 | 1, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Tackling the issues such as the International Monetary System, International Monetary Fund (IMF) and the International Liquidity, Balance of Payments, Foreign Exchange Market, Basic Parity Conditions in International Finance, the Theories explaining the changes in exchange rates and exchange rate forecasts, Currency Futures, Currency Options, Swaps on different Currencies and Interest Rates by giving also the numerical examples. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Introduction to the Course | | | Week 2 | The Foreign Exchange Systems, Their Types and Evaluations | | | Week 3 | The International Monetary Systems from Past to Present | | | Week 4 | The International Monetary Fund (IMF) and the International Liquidity | | | Week 5 | The Analysis of the Balance of Payments | | | Week 6 | The Adjustment of the Balance of Payments and Introduction to the Foreign Exchange Market Analyses | | | Week 7 | Foreign Exchange Rate, Foreign Exchange Arbitrage and Speculation | | | Week 8 | Midterm Exam | | | Week 9 | Main Parity Conditions in International Finance-I (The Law of One Price and Arbitrage, Absolute and Relative Purchasing Power Parity, Their Emprical Tests, Nominal and Real Exchange Rates) | | | Week 10 | Basic Parity Conditions in International Finance-II (Interest Rate Parity Theory, Fisher Effect, Forward Rates as an unbiased Predictor of the Future Spot Rates) | | | Week 11 | The Theories Explaining the Changes in Exchange Rates-I (Traditional Approaches) | | | Week 12 | The Theories Explaining the Changes in Exchange Rates-II (Contemporary Approaches) and Exchange Rate Forecasts, Their Kinds (Methods) and Effects | | | Week 13 | Currency Forwards and Currency Futures | | | Week 14 | A Numerical Example to the Application of Currency Futures and Currency Options | | | Week 15 | Swaps on Different Currencies and Interest Rates | | | Week 16 | Final Exam | | | |
| 1 | Seyidoğlu, H. 2013; Uluslararası Finans, Güzem Can Yayınları, No 27, İstanbul | | | 2 | Seyidoğlu, H. 2013; Uluslararası Finans, Güzem Can Yayınları, No 27, İstanbul | | | |
| 1 | Doğukanlı, H. 2012; Uluslararası Finans, Karahan Yayınları, No 66, Adana | | | 2 | Doğukanlı, H. 2012; Uluslararası Finans, Karahan Yayınları, No 66, Adana | | | 3 | Seyidoğlu, H. 2013; Uluslararası İktisat, Güzem Yayınları, İstanbul | | | 4 | Seyidoğlu, H. 2013; Uluslararası İktisat, Güzem Yayınları, İstanbul | | | 5 | Karluk, R. 1998; Uluslararası Ekonomi, Beta Yayınları, No 618, İstanbul | | | 6 | Karluk, R. 1998; Uluslararası Ekonomi, Beta Yayınları, No 618, İstanbul | | | 7 | Pilbeam, K. 2005; International Finance, Palgrave, UK | | | 8 | Pilbeam, K. 2005; International Finance, Palgrave, UK | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 8 | 04/2023 | 1 | 50 | | End-of-term exam | 17 | 06/2023 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 3 | 14 | 42 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 6 | 2 | 12 | | Arasınav | 1 | 1 | 1 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 0 | 0 | 0 | | Proje | 0 | 0 | 0 | | Kısa sınav | 0 | 0 | 0 | | Dönem sonu sınavı için hazırlık | 11 | 2 | 22 | | Dönem sonu sınavı | 1 | 1 | 1 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 120 |
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