International Financial Macroeconomics(ECON315)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON315 | International Financial Macroeconomics | 5 | 3 | 0 | 0 | 3 | 5 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | |
| Course Type | Compulsory |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Sevgi GENCAY İNECİ sineci@gsu.edu.tr (Email) |
| Assistant | |
| Objective | This course aims to familiarize students with the main elements of the international monetary and financial environment from an international macroeconomic perspective. It is an interactive course and requires 70% class participation by the student. |
| Content | The program is organized over 14 weeks and 42 hours. The training exercises (tutorials)allow students to test their ability to solve case studies in international finance. |
| Course Learning Outcomes |
To understand general framework of international macroeconomics To understand theories about exchange rates and monetary relations To understand theories which explain exchange rate crises To understant foreign exchange markets and operations To understand essential concepts of risk and risk management. |
| Teaching and Learning Methods | Theoretical |
| References |
Bernard Guillochon et all (2016) Economie Internationale, Dunod Philippe d’Arvisenet (2008) Finance Internationale, Dunod. Complementary sources: D.K. Eiteman. , A.I Stonehill, M.H Moffett , Multinational Business Finance, 13.ed. Pearson Paul Krugman &M. Obstfeld, and M. Melitz, Economie Internationale. Ed.11, Pearson, 2018. Halil Seyidoğlu (2020) Uluslararası İktisat. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Balance of payments |
| 2 | International monetary system and its problems |
| 3 | Current account balance and problems: Capital movements, debt sustainability, balance of payments equilibrium |
| 4 | 4. Exchange rate regimes and competitiveness, Marshall-Lerner condition, |
| 5 | Functioning of the traditional foreign exchange market |
| 6 | External shocks and Mundell Fleming model |
| 7 | Purchasing power parity, covered interest parity, Balassa-Samulelson effect |
| 8 | Theoretical models of exchange rates |
| 9 | Models explaining exchange rate crises |
| 10 | Risks in financial markets: Exchange rate risk, interest risk, credit risk |
| 11 | Basic information about risk management |
| 12 | Risk management methods: foreign exchange swaps, interest rate swaps |
| 13 | Student presentations |
| 14 | Student presentations |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 1 | 50 |
| Contribution of final exam to overall grade | 0 | 50 |
| Toplam | 1 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 10 |
| Presentation | 1 | 10 |
| Midterm Examinations (including preparation) | 1 | 6 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 3 | 26 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches | X | ||||
| 2 | Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields | |||||
| 3 | Show a sound understanding of current economic discussions and problems | X | ||||
| 4 | Have an effective and clear communication in written and oral formats in different public and professional contexts. | X | ||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | X | ||||
| 7 | Demonstrate knowledge of standard quantitative techniques and empirical models used in economics | |||||
| 8 | Show ability to apply basic economic theory to an applied topic | X | ||||
| 9 | Show a basic understanding of analytical methods, both theory- and model-based | X | ||||
| 10 | Show ability to use economic concepts to discuss current economic issues | X | ||||
| 11 | Reason logically and work analytically | X | ||||
| 12 | Show awareness on social aspects of the economics in different applied and theoretical fields | X | ||||
| 13 | Identify appropriate economic models to analyse problems | |||||
| 16 | Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work | |||||
| 17 | Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 3 | 42 |
| Assignments | 3 | 1 | 3 |
| Presentation | 3 | 1 | 3 |
| Midterm Examinations (including preparation) | 1 | 4 | 4 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 3 | 1 | 3 |
| Final Examinations (including preparation) | 1 | 6 | 6 |
| Quiz | 0 | 0 | 0 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 0 | 0 | 0 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| Total Workload | 103 | ||
| Total Workload / 25 | 4.12 | ||
| Credits ECTS | 4 | ||