ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
| Business Administration (English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
General course introduction information
| Course Code: | FNCE306 | ||||||||
| Course Name: | Current Issues in Global Economy | ||||||||
| Course Semester: |
Spring |
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| Course Credits: |
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| Language of instruction: | EN | ||||||||
| Course Requisites: | |||||||||
| Does the Course Require Work Experience?: | No | ||||||||
| Type of course: | Department Elective | ||||||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||||||
| Course Coordinator : | Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN | ||||||||
| Course Lecturer(s): |
Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN |
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| Course Assistants: |
Course Objective and Content
| Course Objectives: | The main objective of this course is to introduce the topics of specifics of macroeconomic indicators and macroeconomic analysis; interpreting macroeconomic indicators; industry analysis; goods market; global markets; risk in international investments; interest parity condition and carry trade; the mutual fund industry; pension funds; investment banks and underwriting; dynamics of financial crisis; subprime mortgage crisis; securitization and collateralized debt obligations; financial contagion; dynamics of cross-border capital flows; global financial imbalances. |
| Course Content: | Specifics of macroeconomic indicators and macroeconomic analysis; interpreting macroeconomic indicators; industry analysis; goods market; global markets; risk in international investments; interest parity condition and carry trade; the mutual fund industry; pension funds; investment banks and underwriting; dynamics of financial crisis; subprime mortgage crisis; securitization and collateralized debt obligations; financial contagion; dynamics of cross-border capital flows; global financial imbalances. |
Learning Outcomes
The students who have succeeded in this course;
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Lesson Plan
| Week | Subject | Related Preparation |
| 1) | Derse genel bakış | NONE |
| 2) | The Mortgage Markets: specifics of mortgages, characteristics of the residential mortgage, types of mortgage loans, secondary mortgage market, securitization of mortgages | Reading:, chapter 14 |
| 3) | The Mortgage Markets: specifics of mortgages, characteristics of the residential mortgage, types of mortgage loans, secondary mortgage market, securitization of mortgages | Reading:chapter 14 |
| 5) | Financial Crisis: Dynamics of financial crisis in advanced and emerging economies. | Reading chapter 8 |
| 6) | Banking Crisis: defining sytemic banking crisis, effect of banking crisis on domestic and global economy through time. | Reading: Luc Laeven and Fabian Valencia, Resolution of Banking Crisis: The Good, the Bad, and the Ugly, IMF Working Papers, WP/10/146, 2010. Luc Laeven and Fabian Valencia, Systemic Banking Crisis Database: An Update, IMF Working Paper, WP/10/146, 2012 |
| 7) | Financial Regulation and innovation: government safety net, types of financial regulation, financial innovation | Reading: chapter 10 |
| 8) | midterm | none |
| 9) | The Mutual Fund Industry: specifics of mutual funds, investment objective classes, fee structure of investment funds, reglation of mutual funds, hedge funds | Reading: chapter 20 |
| 10) | Investment Banks, Security Brokers and Dealers, and Venture Capital Firms: investment banks, underwriting, equity sales, mergers and acquisitions, private equity investments, venture capital firms. | Reading: chapter 21 |
| 11) | Review | none |
Sources
| Course Notes / Textbooks: | Financial Markets and Institutions Frederick S. Mishkin and Stanley G. Eakins, 7th ed., 2012 ISBN-13: 978-0-13-213683-9 The Economics of Money, Banking and Financial Markets Frederick Mishkin, 10th ed., 2013 ISBN-10: 0-273-76673-8 • ISBN-13: 978-0-273-76573-8 |
| References: | INVESTMENTS Zvi Bodie-Alex Kane-Alan J. Marcus, 9th ed., 2011 ISBN 978-0-07-353070-0 International Financial Management Geert Bekaert and Robert Hodrick, 2nd ed., 2012 ISBN-13: 978-0-13-216276-0 ISBN-10: 0-13—216276-8 Exchange Rates and International Finance Laurance S. Copeland, 6th ed., 2014 ISBN: 978-0-273-78604- |
Course-Program Learning Outcome Relationship
| Learning Outcomes | 1 |
2 |
3 |
4 |
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| Program Outcomes | |||||||||
| 1) Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models | |||||||||
| 2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions | |||||||||
| 3) Recognize the importance of technological development, especially in information technologies, and utilize them in business administration | |||||||||
| 4) Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking | |||||||||
| 5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures | |||||||||
| 6) Fulfill their responsibility in teamwork and projects in businesses, and act as a leader | |||||||||
| 7) Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of business administration | |||||||||
| 8) Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings | |||||||||
| 9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society | |||||||||
| 10) Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration | |||||||||
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models | |
| 2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions | |
| 3) | Recognize the importance of technological development, especially in information technologies, and utilize them in business administration | |
| 4) | Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking | |
| 5) | Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures | |
| 6) | Fulfill their responsibility in teamwork and projects in businesses, and act as a leader | |
| 7) | Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of business administration | |
| 8) | Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings | |
| 9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society | |
| 10) | Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration |
Learning Activity and Teaching Methods
| Lesson | |
| Group study and homework | |
| Homework | |
| Project preparation |
Assessment & Grading Methods and Criteria
| Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
| Oral Examination | |
| Homework | |
| Individual Project | |
| Group project | |
| Staj/ Yerinde Uygulama Değerlendirmesi |
Assessment & Grading
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Final | 1 | % 60 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| total | % 100 | |
Workload and ECTS Credit Grading
| Activities | Number of Activities | Workload |
| Course Hours | 16 | 48 |
| Study Hours Out of Class | 16 | 80 |
| Homework Assignments | 4 | 12 |
| Quizzes | 4 | 2 |
| Midterms | 1 | 15 |
| Final | 1 | 22 |
| Total Workload | 179 | |