| FINANCIAL TECHNOLOGY (ENGLISH, NONTHESIS) | |||||
| Master | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF-LLL: Level 7 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| GLA5501 | International Economics | Fall | 3 | 0 | 3 | 8 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
| Language of instruction: | English |
| Type of course: | Departmental Elective |
| Course Level: | |
| Mode of Delivery: | Face to face |
| Course Coordinator : | |
| Course Lecturer(s): |
Prof. Dr. SADULLAH ÇELİK |
| Recommended Optional Program Components: | None |
| Course Objectives: | The goal of the course is to give students a better understanding of the world economy, the nature of international economic issues, the roles of international economic institutions and multinational enterprises, and the policy challenges of economic interdependence. |
|
The students who have succeeded in this course; I. Help students understand the business research process and why it takes time and money to do it right. II. Develop ability to think conceptually and develop abstract ideas or concepts to more concrete solutions or results. III. Improve teaming and group effectiveness skills IV. Develop skills in obtaining and interpreting secondary data using internet and library sources. |
| This course provides an introduction to international political economy - the interaction of economics and politics, of markets and government, in the international arena. The course has three fundamental premises: first, economic factors play an important role in international relations; second, the world economy is becoming increasingly integrated and interdependent; third, political institutions and policies have a significant impact on the world economy. |
| Week | Subject | Related Preparation |
| 1) | Introduction | |
| 2) | Labor Productivity and Comparative Advantage: The Ricardian Model | Reading |
| 3) | Specific Factors and Income Distribution | Reading |
| 4) | Resources and Trade: The Heckscher-Ohlin Model | Reading |
| 5) | The Effects of Trade | Reading |
| 6) | The Standard Trade Model | Reading |
| 7) | Review | |
| 8) | Tariff, Subsidy and Terms of Trade | Reading |
| 9) | National Accounts and BOP | Reading |
| 10) | Exchange Rate and Foreign Exchange Market | Reading |
| 11) | Money, Interest Rates and Exchange Rates | Reading |
| 12) | Long-run Price Level and Exchange Rate, Short-run Exchange Rate | Reading |
| 13) | Foreign Exchange Intervention | Reading |
| 14) | Review |
| Course Notes / Textbooks: | International Economics: Theory and Policy by Paul R. Krugman and Maurice Obstfeld, Addison Wesley, 2003, 6th edition. |
| References: | Dornbusch, Fischer and Samuelson, “Comparative Advantage, Trade and Payments in a Ricardian Model with a Continuum of Goods,” AER, 1977 Baier, Scott and Bergstrand, Jeffrey H. (2001), "The Growth of World Trade: Tariffs, Transport Costs, and Income Similarity." Journal of International Economics 53, 1-27. Brander and Spencer, “Export Subsidies and International Market Share Rivalry,” JIE 18, 1985. P. Isard, Exchange Rate Economics, Cambridge University Press, 1995. |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | 14 | % 10 |
| Project | 1 | % 20 |
| Midterms | 1 | % 30 |
| Final | 1 | % 40 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| Total | % 100 | |
| Activities | Number of Activities | Workload |
| Course Hours | 14 | 42 |
| Application | 14 | 96 |
| Study Hours Out of Class | 13 | 54 |
| Midterms | 1 | 6 |
| Final | 1 | 2 |
| Total Workload | 200 | |
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Graduates of the Financial Technology master's program gain the ability to understand, analyze, and shape how the traditional world of finance is being transformed by emerging technologies such as Blockchain and Artificial Intelligence. | 2 |
| 2) | Being able to develop and deepen their knowledge at the level of expertise in the same or a different field, based on undergraduate level qualifications. | 3 |
| 3) | To be able to interpret and create new knowledge by integrating the knowledge gained in the field with the knowledge from different disciplines. | 3 |
| 4) | To be able to systematically transfer current developments in the field and their own studies to groups in and outside the field, in written, verbal and visual forms, by supporting them with quantitative and qualitative data. | 3 |
| 5) | To be able to develop strategy, policy and implementation plans in the fields related to the field and to evaluate the obtained results within the framework of quality processes. | 3 |
| 6) | To be able to develop new strategic approaches for the solution of complex and unpredictable problems encountered in applications related to the field and to produce solutions by taking responsibility. | 3 |
| 7) | To be able to use the theoretical and applied knowledge at the level of expertise acquired in the field. | 3 |