Globalization and Financial Crises(ECON458)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON458 | Globalization and Financial Crises | 6 | 3 | 0 | 0 | 3 | 6 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | French |
| Course Type | Elective |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Sevgi GENCAY İNECİ sineci@gsu.edu.tr (Email) |
| Assistant | |
| Objective | This course introduces students to the key theoretical approaches for understanding the relationship between globalization and financial crises. Student participation is necessary,(70%). |
| Content | Undergraduate programme |
| Course Learning Outcomes |
By the end of this course students wil be eable, • identify business cycles by using leading indicators, • establish a link between business cycles and financial crises, • understand the influence of financial liberalisation on weak banking system, • understand the reasons for recurrences of financial crises, • learn about the international banking regulations concerning weak banking system (Basel I: II,III). |
| Teaching and Learning Methods | Theoretical |
| References |
Course document and selected articles DEES, Stephane Macroéconomie financière Dunot,2019. BERR Eric (2019), Chapitre 10 : Crises financières et crise écologique. Macroéconomie ,pp.289-306, Dunod. BURDA Michael; Wyplosz Charles; Macroéconomie une perspective européenne, de Boeck, 2003. STIGLITZ Joseph; La grande désillusion, Le prix nobel d’économie, 2002 |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Introduction: Financial Globalization |
| 2 | Business cycles, identification of the cycles, deterministic and stochastic interpretation |
| 3 | Theory of the “ real conjectural cycles |
| 4 | Exchange rate Crises and Macroeconomic vulnerability: First generation crises, second generation crises and third generation crises |
| 5 | The Developing Country Debt Problems: Origin of debt crisis, structural characteristics of the indebted countries, capital flight. |
| 6 | Case Studies: financial globalization and crises: Banking and financial Crises, |
| 7 | The 1987 Crisis and Banking Panic: Contagion effect. |
| 8 | Financial Crises on Emerging Economies: |
| 9 | The 1997 Asian Crisis and 1998 Russian Crisis. |
| 10 | Latin American Crisis. |
| 11 | The Global Credit Crisis (2008-2009 |
| 12 | Reforms on International Financial Systems: Basel I, Basel II.., |
| 13 | Crisis Management and International Interventions. |
| 14 | Students Homework Presentations. |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 3 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Toplam | 4 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 10 |
| Presentation | 1 | 10 |
| Midterm Examinations (including preparation) | 1 | 30 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 5 | 10 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 1 | 1 |
| Other | 0 | 0 |
| Make-up | 0 | 0 |
| Toplam | 9 | 61 |
| 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. | |||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | |||||
| 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 | |||||
| 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 | |||||
| 13 | Identify appropriate economic models to analyse problems | X | ||||
| 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 | 1 | 4 | 4 |
| Presentation | 10 | 3 | 30 |
| Midterm Examinations (including preparation) | 1 | 4 | 4 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 2 | 2 | 4 |
| Final Examinations (including preparation) | 1 | 8 | 8 |
| Quiz | 4 | 1 | 4 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 3 | 4 | 12 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 1 | 1 | 1 |
| Other | 0 | 0 | 0 |
| Make-up | 0 | 0 | 0 |
| Total Workload | 151 | ||
| Total Workload / 25 | 6.04 | ||
| Credits ECTS | 6 | ||