Course Details

INTERNATIONAL FINANCE

ECON354

Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
6ECON354INTERNATIONAL FINANCE3+0+035

Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program ECONOMICS
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course Introducing international financial transactions as well as operational aspects of foreign exchange markets.
Providing basic knowledge to comprehend the foundations of international financial markets.
Introducing concepts of forex market participants, exchange rates determination, international arbitrage, foreign exchange risk and its management, and international capital markets.
Course Content Course is designed as a typical course on international finance which introduces the basic subjects of the area at undergraduate level. Main aim is to introduce international finance as a subdiscipline of economics and to examine related applications in the broader area of economics. The consideration of three significant and connected macroeconomic issues in open economies -exchange rates, capital flows, and financial crises- is given emphasis in the course. The main topics also include: forex markets, international parity conditions, forex risks, currency derivatives and hedging issues, and issues with currency investment strategies.
Course Methods and Techniques -
Prerequisites and co-requisities None
Course Coordinator Asist Prof.Dr. Burak Kağan DEMİRTAŞ https://avesis.agu.edu.tr/burakkagan.demirtas burakkagan.demirtas@agu.edu.tr
Name of Lecturers None
Assistants Research Assist. Gülcan Doğanay https://avesis.agu.edu.tr/gulcan.doganay gulcan.doganay@agu.edu.tr
Work Placement(s) No

Recommended or Required Reading
Resources Madura, J. (2021). International Financial Management.
Obstfeld, M., & Rogoff, K. (2001). The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?.
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Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Quiz/Küçük Sınav 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Araştırma Ödevi 1 10 10
Grup Projesi 1 10 10
Sınıf İçi Aktivitesi 4 2 8
Okuma 10 2 20
Araştırma 10 2 20
Kişisel Çalışma 10 3 30
Yüz Yüze Ders 14 3 42
Final Sınavı 1 3 3
Total Work Load   Number of ECTS Credits 5 143

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Identify how international capital markets work.
2 Explain the distinctions between foreign exchange spot and forward markets.
3 Discuss concepts such as interest rate parity, purchasing power parity, and the international fisher equation in relation to international parity relations.
4 Use models to estimate foreign exchange rates.
5 Examine currency derivatives to hedge currency risk.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to International Financial Markets
2 Foreign Exchange Markets: Spot and Forward Markets
3 Exchange Rate Determination Models
4 Interest Rate Parity and Purchasing Power Parity
5 The International Fisher Equation and Parity Relations
6 Midterm Exam
7 Managing Currency Risk: Hedging Techniques
8 Currency Derivatives: Options, Futures, and Swaps
9 International Capital Markets and Global Investments
10 International Financial Crises and Their Impact on Foreign Exchange Markets
11 Multinational Corporations and Foreign Exchange Management
12 International Arbitrage and Foreign Exchange Opportunities
13 Currency Risks in Emerging Markets
14 The Future of International Finance: Digital Currencies and Blockchain


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10
C1 1 4 2 2
C2 1 5 3 3
C3 4 2 2
C4 1 5 3 5
C5 5 3

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant


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