MATHEMATICS (TURKISH, PHD) | |||||
PhD | TR-NQF-HE: Level 8 | QF-EHEA: Third Cycle | EQF-LLL: Level 8 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ECO3512 | Financial Economics | Fall | 3 | 0 | 3 | 6 |
The course opens with the approval of the Department at the beginning of each semester |
Language of instruction: | En |
Type of course: | Departmental Elective |
Course Level: | |
Mode of Delivery: | Hybrid |
Course Coordinator : | Dr. Öğr. Üyesi AYSE ERTUĞRUL BAYKAN |
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. |
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 |
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. |
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 |
Course Notes: | 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/) |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | % 0 | |
Laboratory | % 0 | |
Application | % 0 | |
Field Work | % 0 | |
Special Course Internship (Work Placement) | % 0 | |
Quizzes | % 0 | |
Homework Assignments | 1 | % 20 |
Presentation | % 0 | |
Project | % 0 | |
Seminar | % 0 | |
Midterms | 1 | % 40 |
Preliminary Jury | % 0 | |
Final | 1 | % 40 |
Paper Submission | % 0 | |
Jury | % 0 | |
Bütünleme | % 0 | |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 16 | 3 | 48 |
Laboratory | 0 | 0 | 0 |
Application | 0 | 0 | 0 |
Special Course Internship (Work Placement) | 0 | 0 | 0 |
Field Work | 0 | 0 | 0 |
Study Hours Out of Class | 12 | 5 | 60 |
Presentations / Seminar | 0 | 0 | 0 |
Project | 0 | 0 | 0 |
Homework Assignments | 0 | 0 | 0 |
Quizzes | 12 | 1 | 12 |
Preliminary Jury | 0 | ||
Midterms | 1 | 14 | 14 |
Paper Submission | 0 | ||
Jury | 0 | ||
Final | 1 | 18 | 18 |
Total Workload | 152 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution |