Economics and Finance(English)
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

ITRD401

Course Name:

Foreign Exchange Regimes

Course Semester:

Fall

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	6

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Department Elective

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Assoc. Prof. BÜLENT GÜNCELER

Course Lecturer(s):

Assoc. Prof. BÜLENT GÜNCELER

Course Assistants:

Course Objective and Content

Course Objectives:

The course aims to introduce students overview and general information about regulations which are governing the activities in financial sector. It provides information about regulatory restrictions of banking activities. In this respect the attendees will be informed about the regulatory framework of banking activities.

Course Content:

The main aim of this course is to provide students with an introductory level but comprehensive overview of banking regulations, restrictions, limits and ways of trnsaction processing in respect of regulating bodies’ directives.

At the end of the course students will be capable of understanding the regulatory frame-work of banking system.

On successful completion of this course, all students will have sound knowledge and understanding on:

- Basics of Foreign Trade Regulations
- The Law for Protection of Turkish Currency
- Decree Nr. 32 for Foreign Transactions
- Invisible Transactions
- Regulatory environment of banks and other related parties
- Free Trade Zones
- Transit Trade
- Boarder Trade

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) • To recognize and identify the meaning and basics of International Trade Financing tools.
2) • To underline the critical importance of choosing the best among the various financing alternatives
3) • To explain and discuss the opportunities, benefits and structure of many different financing methods for developing international business.
4) • To explain and discuss the various risks in terms of finance techniques in international business life
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	• Syllabus • Discuss Course Outline • Brief class about banking and bank regulations,	Homework: assigned reading for next class session Foreign Trade Basics
2)	• As specified in the document Nr. I	Homework: assigned reading for next class session
3)	• Continue to the document • Discuss “ Foreign Trade Basics	Discussion – reviewing examples
4)	• Discuss Each Chapter • Law for Protection of Turkish Currency	Discussion with live examples on-line
5)	• Continue to the chapters • Law for Protection of Turkish Currency	Discussion live examples on-line Review some documentation
6)	• Chapters of the Decree • Decree Nr. 32	Class Presentation – Live examples
7)	• Continue to chapters • Decree Nr. 32 ( continued )	Class Presentation – Live examples Discussion
8)	• Midterm Out of the topics of first 7 weeks	None
9)	• Discuss all chapters • Invisible Transactions	Class Presentation
10)	• Discuss all chapters • Invisible Transactions	Class Presentation with real examples
11)	• Chapters in the Document • Export Regime V	Class Presentation
12)	• Discuss all the chapters • Free Trade – Transit Trade – Boarder Trade – Foreign Direct Investments Nrs. VI – VII – VIII - IX	Class Presentation
13)	• First Half of Booklet • Deloitte; Customs & Foreign Trade Booklet ( for wrap-up )	Study next week’s topics from course material Deloitte – Customs & Foreign Trade Booklet ( Second Half )
14)	• Discuss remaining chapters Deloitte – Customs & Foreign Trade Booklet ( Second Half – for wrap-up )	• Discuss remaining chapters Deloitte – Customs & Foreign Trade Booklet ( Second Half – for wrap-up )
15)	Final Exam

Sources

Course Notes / Textbooks:

Doc. 1 Trade Finance Guide, A Quick Reference for U.S. Exporters,
by US Department of Commerce, Int’l Trade Administration

Günceler, Bülent , Basics of Financing Foreign Trade Transactions ( 2014 )

Supportive Materials ( will be provided through eders System )
Course Supp. Doc. 1 Madura, Financing Int’l Trade, Section – Int’l Financial Management
(2010 )
Course Supp. Doc. 2 Tools of Export Financing at Turk Eximbank. ( Aug 2015 )
Course Supp. Doc. 3 CGFS Papers – Trade Finance Developments & Issues – by BIS Jan 2014

References:

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3	4
Program Outcomes
1) Explain the advances in the area of economics and finance within the framework of 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) Explain the evolution of financial markets and institutions in a historical context and define how they operate.
4) Recognise the basic principles and regulations in the financial sector.
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures.
6) Recognise, interpret and discuss the current economic issues both at the national and global levels.
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication.
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
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.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Explain the advances in the area of economics and finance within the framework of 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)	Explain the evolution of financial markets and institutions in a historical context and define how they operate.
4)	Recognise the basic principles and regulations in the financial sector.
5)	Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures.
6)	Recognise, interpret and discuss the current economic issues both at the national and global levels.
7)	Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication.
8)	Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
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.

Learning Activity and Teaching Methods

Expression
Brainstorming/ Six tihnking hats
Individual study and homework
Lesson
Group study and homework
Reading
Homework
Problem Solving
Project preparation
Q&A / Discussion

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework
Individual Project
Group project
Presentation
Reporting
Case study presentation

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Attendance	1	% 20
Presentation	1	% 30
Final	1	% 50
total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	15	45
Study Hours Out of Class	15	90
Midterms	1	10
Final	1	20
Total Workload		165