BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| ECONOMICS | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
Course Introduction and Application Information
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ECO3512 | Financial Economics | Fall | 3 | 0 | 3 | 6 |
| 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: | Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Hybrid |
| Course Coordinator : | Dr. Öğr. Üyesi AYSE ERTUĞRUL BAYKAN |
| Recommended Optional Program Components: | None |
| Course Objectives: | This course aims to familiarize the students with the analysis of exchange rates, to provide theoretical background and to establish the understanding of how exchange rate determination is in relation with other key internationsl macroeconomic variables. |
Learning Outcomes
|
The students who have succeeded in this course; 1. Can interpret global macroeconomic changes 2. Have detailed information about exchange rates and foreign exchange market 3. Understand the role of exchange rate regimes in global macroeconomic dynamics 4. Recognize the interaction between financial markets and exchange rate regime 5. Know the differences between national accounts and balance of payments 6. Learn about the critical role of financial globalization |
Course Content
| Students taking this course learn the definitions and the different regimes of exchange rates, the dynamics that determine exchange rates in the short and long term, within the framework of theoretical models, and see the relationship of the balance of payments with national accounts. In addition to midterm and an oral exams, students prepare a final project in which they use related concepts. |
Weekly Detailed Course Contents
| Week | Subject | Related Preparation |
| 1) | Introductory Lecture The Global Macroeconomy (Ch1) Data Analysis | Ch 1 (Feenstra & Taylor) |
| 2) | Introduction to Exchange Rates and the Foreign Exchange Market: Arbitrage and Spot Market | Ch 2 (Feenstra & Taylor) |
| 3) | Introduction to Exchange Rates and the Foreign Exchange Market: Arbitrage and Spot Market | Ch 2 (Feenstra & Taylor) |
| 4) | Exchange Rates I: The Monetary Approach in the Long-Run | Ch 3 (Feenstra & Taylor) |
| 5) | Exchange Rates I: The Monetary Approach in the Long-Run | Ch 3 (Feenstra & Taylor) |
| 6) | Exchange Rates II: The Asset Approach in the Short-Run | Ch 4 (Feenstra & Taylor) |
| 7) | Exchange Rates II: The Asset Approach in the Short-Run | Ch 4 (Feenstra & Taylor) |
| 8) | National and International Accounts: Income, Wealth and the Balance of Payments | Ch 5 (Feenstra & Taylor) |
| 9) | Midterm | |
| 10) | National and International Accounts: Income, Wealth and the Balance of Payments | Ch 5 (Feenstra & Taylor) |
| 11) | Presentations | |
| 12) | Presentations | |
| 13) | Presentations | |
| 14) | Presentations |
Sources
| Course Notes / Textbooks: | Feenstra, R.C., and A.M. Taylor (2021), International Macroeconomics, Macmillan, Fifth Edition. |
| References: | 1) NPR Planet Money: popular Economics Podcast on wide ranging topics. Very useful as a starting point on specific topics. The latest episodes are online available at http://itunes.apple.com/us/podcast/npr-planet-moneypodcast/id290783428 2) The Economist: popular weekly economics magazine with in-depth reporting on current events. 3) The Hutchins Center on Fiscal and Monetary Policy (https://www.brookings.edu/center/the-hutchins-center-on-fiscaland-monetary-policy) 4) VoxEU: Research based policy analysis platform by leading economists (www.voxeu.com) 5) Project Syndicate (https://www.project-syndicate.org/) |
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 | Duration (Hours) | Workload |
| Course Hours | 16 | 3 | 48 |
| Study Hours Out of Class | 12 | 5 | 60 |
| Quizzes | 12 | 1 | 12 |
| Midterms | 1 | 14 | 14 |
| Final | 1 | 18 | 18 |
| Total Workload | 152 | ||
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) | As a world citizen, she is aware of global economic, political, social and ecological developments and trends. | 4 |
| 2) | He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. | 4 |
| 3) | Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. | 5 |
| 4) | Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. | 3 |
| 5) | Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. | 4 |
| 6) | Comprehends new ways of doing business using digital technologies. and new market structures. | 2 |
| 7) | Takes critical approach to economic and social problems and develops analytical solutions. | 1 |
| 8) | Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. | 2 |
| 9) | In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. | 1 |
| 10) | Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. | 1 |
| 11) | Generates original and innovative ideas in the works she/he contributes as part of a team. | 1 |