Food Engineering (English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNS306 | ||||||||
Course Name: | Current Issues in Global Economy | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | TR | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Dr.Öğr.Üyesi TURGAY MÜNYAS | ||||||||
Course Lecturer(s): |
Dr.Öğr.Üyesi TURGAY MÜNYAS |
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Course Assistants: |
Course Objectives: | • Introduces important macroeconomic indicators and tools for the analysis of recent economic phenomena. • Introduces the concepts of globalization and liberalization in financial markets to analyze key economic issues in a global context. • Defines the concept of 'financial innovation/innovation' in relation to the key issues and problems of the global economic situation. • Analyzes various economic events that create global irregularities in financial markets. |
Course Content: | This course covers macroeconomic data analysis; sector analysis; global markets; international investment risks; interest parity and carry trade; mutual funds; pension funds; investment banking; financial crises; subprime mortgage market crisis; securitization; collateralized debt obligation; the spread of financial crises; cross-border capital movements; It includes issues of global financial imbalances. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | • Syllabus • GDP, GNP and national income concepts • Employment data, inflation, interest rates, budget balance • Supply and demand-side shocks • Monetary policy and fiscal policy | Review of the syllabus. Reading:, in Bodie-Kane-Marcus, chapter 17, p. 548-582. |
2) | • The concept of economic fluctuations • Circular businesses and defensive sectors • Main, random and delayed indications • Explaining the concept of sector/industry • Industry circularity and operating leverage • Sector rotation and industry life cycle: phases of inception, consolidation, maturity and relative decline | Repeat the lesson. Reading: Bekaert-Hodrick, chapter 1, p. 1-36. |
3) | • Globalization of financial markets • Corporate governance and cross-border capital movements within the framework of multinational companies • Role of international banks, investors and governments in global markets • Discussing about globalization and multinational companies | Repeat the lesson Reading: Bodie-Kane-Marcus, p. 863-902. |
4) | • Global markets: Developed and Developing countries • Exchange rate risk • Policy risk • International portfolio diversification | Repeat the lesson. Reading: Bekaert-Hodrick, chapter 14, p. 475-521. |
5) | • Country risk factors: Financial and economic risk • Political risk factors: expropriation, contract denial/termination, taxes and regulations, currency controls, corruption, political turmoil and terrorism • The debt crisis and the Brady Plan • Political risk and capital budgeting: restatement of expected cash flows and discount factor | Repeat the lesson. Reading: Bekaert-Hodrick, chapter 14, p. 475-521. |
6) | • Country risk ratings • Risk types and political risk analysis • Rating systems: World Bank Governance Indicators • Country credit risk widths (spreads) • Discussing the impact of country and political risk on growth and foreign investment | Repeat the lesson. Reading: Copeland, chapter 3, p. 84-115. |
7) | • Definition of Uncovered Interest Rate Value (UIRV) • Definition of Implicit Interest Rate Value (IRV) • Discussing the implications for UIRV • Discussing the implications for IRV • Cary trade dynamics: borrowing currency, target currency, importance of interest differences • Carry trade and empirical findings | Repeat the lesson. Reading: Mishkin and Eakins, chapter 20, p. 489-512 |
8) | Midterm Exam | None |
9) | • Advantages of mutual funds • Ownership concept in mutual funds • Open and closed-end mutual funds • Net asset value and calculation • Structure of hedge funds • Insurance management • Types of pension funds | Repeat the lesson. Reading: Mishkin and Eakins, chapters 20 and 21, p. 489-512 |
10) | • Definition of investment banks • Definition of the concepts of broker and distributor/dealer • Stock and bond underwriting in investment banking • Share supply; mergers and acquisitions • Brokerage activities and sale of shares • The difference between stock brokerage companies and commercial banking • The difference between venture capital and private equity | Repeat the lesson. Reading: Mishkin, chapter 12, p. 281-313 |
11) | • Financial Innovation • Shadow banking • Securitization • Deregulation and ethical standards in financial markets • Historical development of banking • International banking | Repeat the lesson. Read the various materials to be distributed. |
12) | • Global Financial Crisis • Too big to sink concept • Various simulation studies for financial spillover and measurement • Micro and macro prudential policies • Financial networks | Repeat the lesson. |
13) | • Repetition: Macroeconomic indicators and sector analysis • Repetition: Globalization and multinational corporations • Repetition: International investments and portfolio diversification • Repetition: Country risk • Repetition: Political risk | Repeat the lesson. |
14) | • Repetition: UIRV and IRV • Repetition: Carry trading strategy and implications • Repetition: Mutual funds and pension funds • Repetition: Investment banking • Repetition: Securitization and collateralized debt obligation • Repetition: The Global Financial Crisis and the Financial Contagion | None |
15) | Final Exam | None |
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 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 |
References: | Exchange Rates and International Finance Laurance S. Copeland, 6th ed., 2014 ISBN: 978-0-273-78604 |
Learning Outcomes | 1 |
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Program Outcomes | ||||||||||||||||||||||
1) Has sufficient background in mathematics, science and engineering related fields. | ||||||||||||||||||||||
2) Uses the theoretical and practical knowledge in mathematics, science and their fields together for engineering solutions. | ||||||||||||||||||||||
3) Identifies, formulates and solves engineering problems, selects and applies appropriate analytical methods and modeling techniques for this purpose. | ||||||||||||||||||||||
4) Analyze a system, system component or process and design it under realistic constraints to meet desired requirements; apply modern design methods accordingly. | ||||||||||||||||||||||
5) Selects and uses the modern techniques and tools necessary for engineering applications. | ||||||||||||||||||||||
6) Design experiments, conduct experiments, collect data, analyze and interpret results. | ||||||||||||||||||||||
7) Works individually and in multi-disciplinary teams. | ||||||||||||||||||||||
8) Accesses information and conducts resource research for this purpose, uses databases and other information sources. | ||||||||||||||||||||||
9) Accesses information and conducts resource research for this purpose, uses databases and other information sources. | ||||||||||||||||||||||
10) Accesses information and conducts resource research for this purpose, uses databases and other information sources. | ||||||||||||||||||||||
11) Uses the theoretical and practical knowledge in mathematics, science and their fields together for engineering solutions. | ||||||||||||||||||||||
12) Identifies, formulates and solves engineering problems, selects and applies appropriate analytical methods and modeling techniques for this purpose. | ||||||||||||||||||||||
13) Analyze a system, system component or process and design it under realistic constraints to meet desired requirements; apply modern design methods accordingly. | ||||||||||||||||||||||
14) Selects and uses the modern techniques and tools necessary for engineering applications. | ||||||||||||||||||||||
15) Works individually and in multi-disciplinary teams | ||||||||||||||||||||||
16) Uses information and communication technologies together with computer software required by the field at least Advanced Level of European Computer Skills License. | ||||||||||||||||||||||
17) Communicate effectively verbally and in writing; use a foreign language at least at level B1 of the European Language Portfolio. | ||||||||||||||||||||||
18) Communicates using technical drawing. | ||||||||||||||||||||||
19) Accesses information and conducts resource research for this purpose, uses databases and other information sources. | ||||||||||||||||||||||
20) Becomes aware of the universal and social effects of engineering solutions and applications; entrepreneurship and innovation and have knowledge about the problems of the age. | ||||||||||||||||||||||
21) Has professional and ethical responsibility. | ||||||||||||||||||||||
22) Have awareness of project management, workplace practices, employee health, environmental and occupational safety; the legal consequences of engineering applications. | ||||||||||||||||||||||
23) Demonstrates awareness of the universal and social impact of engineering solutions and applications; is aware of entrepreneurship and innovation and has knowledge about the problems of the age. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Has sufficient background in mathematics, science and engineering related fields. | |
2) | Uses the theoretical and practical knowledge in mathematics, science and their fields together for engineering solutions. | |
3) | Identifies, formulates and solves engineering problems, selects and applies appropriate analytical methods and modeling techniques for this purpose. | |
4) | Analyze a system, system component or process and design it under realistic constraints to meet desired requirements; apply modern design methods accordingly. | |
5) | Selects and uses the modern techniques and tools necessary for engineering applications. | |
6) | Design experiments, conduct experiments, collect data, analyze and interpret results. | |
7) | Works individually and in multi-disciplinary teams. | |
8) | Accesses information and conducts resource research for this purpose, uses databases and other information sources. | |
9) | Accesses information and conducts resource research for this purpose, uses databases and other information sources. | |
10) | Accesses information and conducts resource research for this purpose, uses databases and other information sources. | |
11) | Uses the theoretical and practical knowledge in mathematics, science and their fields together for engineering solutions. | |
12) | Identifies, formulates and solves engineering problems, selects and applies appropriate analytical methods and modeling techniques for this purpose. | |
13) | Analyze a system, system component or process and design it under realistic constraints to meet desired requirements; apply modern design methods accordingly. | |
14) | Selects and uses the modern techniques and tools necessary for engineering applications. | |
15) | Works individually and in multi-disciplinary teams | |
16) | Uses information and communication technologies together with computer software required by the field at least Advanced Level of European Computer Skills License. | |
17) | Communicate effectively verbally and in writing; use a foreign language at least at level B1 of the European Language Portfolio. | |
18) | Communicates using technical drawing. | |
19) | Accesses information and conducts resource research for this purpose, uses databases and other information sources. | |
20) | Becomes aware of the universal and social effects of engineering solutions and applications; entrepreneurship and innovation and have knowledge about the problems of the age. | |
21) | Has professional and ethical responsibility. | |
22) | Have awareness of project management, workplace practices, employee health, environmental and occupational safety; the legal consequences of engineering applications. | |
23) | Demonstrates awareness of the universal and social impact of engineering solutions and applications; is aware of entrepreneurship and innovation and has knowledge about the problems of the age. |
Expression | |
Brainstorming/ Six tihnking hats | |
Individual study and homework | |
Lesson | |
Reading | |
Homework | |
Q&A / Discussion |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 1 | % 20 |
Midterms | 1 | % 35 |
Final | 1 | % 45 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 55 | |
PERCENTAGE OF FINAL WORK | % 45 | |
total | % 100 |
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 |