International Finance (ECON318) | GSÜ

Content

Objective

This course aims to cover the theoretical and practical basis of international finance.

Course Content

Undergraduate programme

Course Learning Outcomes

By the end of this course students should be able,
to understand the basic principles guiding global financial environment and global financial management,
to developpe an analytical approach by using necessary tools,
to solve various case studies exercises.

Teaching and Learning Methods

Theoretical

References

Dupuy.,M & all:; (2006) Finance internationale, Travaux Dirigés, Dunod.
Saunders A., (2007) Financial Institutions Management, McGraw-Hill.

Weekly Contents

Theory Topics
Week	Weekly Contents
1	Introduction: basic financial calculation
2	International Transactions and Fundamentals of Balances of Payments Accounting
3	Exchange Rates: Prices and Volume Effects
4	Foreign Exchange Market: Traditional Products
5	Foreign Exchange Market: Foreign Currency Derivatives
6	Foreign Exchange Theory: Exchange Rate Determination; International Parity Condition
7	Defining Risk and Exposure: Exchange Rate Risk, Interest Rate Risk, Credit Risk, Risk Management in Practice.
8	Futures Contracts: Interest Rate and Exchange Rate Risk Management
9	Options and Exchange Rate Risk Management
10	Financial Approach to the Exchange Rates;
11	Swaps and Risk Management: Exchange Rate Swaps, Interest Rate Swaps.
12	International Trade Finance: Trade Dilemma, Arrangement and International Trade Risks
13	Foreign Investment Decisions: Finance of the Direct Investment
14	The Role of Banks in Global Finance

Assessment System

Contribution to Overall Grade
Activities	Number	Contribution
Contribution of in-term studies to overall grade	1	60
Contribution of final exam to overall grade	1	40
Total	2	100

In-Term Studies
Activities	Number	Contribution
Assignments	10	5
Presentation	5	5
Midterm Examinations (including preparation)	1	40
Project	0	0
Laboratory	0	0
Other Applications	1	5
Quiz	2	5
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
Total	19	60

Relation of Proficiency

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	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
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
12	Show awareness on social aspects of the economics in different applied and theoretical fields
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

ECTS

Activities	Number	Period	Total Workload
Class Hours	14	3	42
Working Hours out of Class	14	2	28
Assignments	10	2	20
Presentation	5	1	5
Midterm Examinations (including preparation)	1	8	8
Other Applications	2	1	2
Final Examinations (including preparation)	1	8	8
Quiz	2	1	2
Other	1	5	5
Total Workload			120
Total Workload / 25			4.80
Credits ECTS			5