BANKING AND INSURANCE MANAGEMENT (TURKISH)
Associate	TR-NQF-HE: Level 5	QF-EHEA: Short Cycle	EQF-LLL: Level 5

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
BA4005	Global Economics	Fall	3	0	3	4

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Non-Departmental Elective
Course Level:	Associate (Short Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Prof. Dr. ÜMİT EROL
Recommended Optional Program Components:	None
Course Objectives:	This course aims to understand macro economic imbalances at the global level, discuss their consequences on the global economy and main national economies.

Learning Outcomes

The students who have succeeded in this course;
The students who succeeded in this course will acquire a solid understanding of following concepts:
1) Understand macro economic imbalances at the global level, discuss their consequences on the global economy and main national economies (USA, China…)
2) Analyze the emergence of the debt crises in UE and discuss proposed solutions
3) Understand the theoretical premises of a monetary union and discuss these premises within the context of EMU
4) Understand the climate debate, analyzing contradictory positions among nations and evaluate the argumentations from a economic rationality
5) Analyze long run dynamics of energy supply and demand and discuss their economic and political consequences

Course Content

Macroeconomic Imbalances in the World Economy(High Savings versus Low Savings)
Deficiencies of the International Monetary System
Debt Crisis in the European Union
Sustainability of European Monetary Union and its Future
Inflation and Its Consequences
Energy Prices in the Long Run and its Consequences on World Economy and Politics

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Introduction
2)	Era of World Wars and Closing in: First half of the 20th Century
3)	Industrial Revolution and Free Trade: 19th Century
4)	Late Industrializations and the Emergence of the New Word Economy
5)	An unbalanced world trade growth and Macroeconomic Imbalances
6)	An unbalanced world trade growth and Macroeconomic Imbalances
7)	Need of a Stable International Monetary System
8)	Midterm
9)	Construction of Europe: Hopes and Disappointments
10)	Pressures on Resources, particularly on fossil energy
11)	Growing population and food scarcity
12)	Growing population and food scarcity
13)	Aging Populations and Populations in Transition
14)	Aging Populations and Populations in Transition

Sources

Course Notes / Textbooks:	Economics and the Global Environment; Charles S. Pearson / Cambridge University Press.
References:	Various handouts

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Homework Assignments	1	% 20
Midterms	1	% 40
Final	1	% 40
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Workload
Course Hours	14	42
Study Hours Out of Class	14	42
Homework Assignments	12	37
Midterms	1	7
Final	1	10
Total Workload		138

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To have the ability to understand the basic concepts of Banking and Insurance and to be able to use them effectively in business.
2)	To have the ability to work individually or in a team when needed on matters related to his/her profession and to follow and apply the developments in his/her sector.
3)	To be equipped with the necessary knowledge to carry out the legal responsibilities and to follow the related regulations in their sector.
4)	To understand the importance of banking and insurance from the point of the state’s economy and enterprises and to express this importance properly.
5)	To be able to use the computer as well as the profession requires and to be able to do work, accumulate knowledge and to use this knowledge relevantly and effectively.
6)	To make them gain the ability to find practical solutions for the problems of daily commercial activities and to take correct decisions.
7)	To be able to take responsibilities in banking and insurance sector and more generally in the finance sector and to be qualified to start his/her own business after the legal requirements have been met.
8)	To have the competency to carry out the accountancy related to banking and insurance.
9)	To have the competency to build effective customer relations and to have effective communication and persuasion skills.
10)	To be able to determine the accumulated knowledge druring the education in line with the cause and effect relations and to be able to have the necessary professional qualifications to know where, when and how to use his/her knowledge.