Banking and Insurance
Associate	TR-NQF-HE: Level 5	QF-EHEA: Short Cycle	EQF-LLL: Level 5

General course introduction information

Course Code:

MBAS216

Course Name:

International Finance

Course Semester:

Spring

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	5

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Compulsory

Course Level:

Associate

TR-NQF-HE:5. Master`s Degree

QF-EHEA:Short Cycle

EQF-LLL:5. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Prof. Dr. GÖKÇE TUNÇ

Course Lecturer(s):

Assoc. Prof. AYNUR PALA
Öğr.Gör. MÜRÜVVET AKAR

Course Assistants:

Course Objective and Content

Course Objectives:

The main objective of this course is to introduce the topics of globalization of the World economy; evolution of the international monetary system; European monetary system; fixed versus flexible exchange rate regimes; Balance-of-payments accounting; balance-of-payments accounts; the foreign exchange market; the spot market and forward market; international parity relationships and forecasting foreign exchange rates; interest rate parity, purchasing power parity, the Fisher effects; international bond market; international equity market.

Course Content:

Globalization of the World economy; evolution of the international monetary system; European monetary system; fixed versus flexible exchange rate regimes; Balance-of-payments accounting; balance-of-payments accounts; the foreign exchange market; the spot market and forward market; international parity relationships and forecasting foreign exchange rates; interest rate parity, purchasing power parity, the Fisher effects; international bond market; international equity market.

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) • Introduce the various types of international monetary systems under which the world economy can function and has functioned at various times
2) • Describe the importance of balance of trade and balance of payments to the development of macroeconomic policy.
3) • Identify opportunities for arbitrage and discuss methods to exploit these opportunities in the foreign exchange market.
4) • Describe the organization of the foreign exchange market and distinguish between the spot and forward markets.
5) • Define several key international parity relationships, such as interest rate parity and purchasing power parity and judge whether international parity conditions are met.
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)	• Define the course • Describe what multinational corporation (MNC) is • Explain why it is important to study international finance • Distinguish international finance from domestic finance • Understand the nature and benefits of globalization • Explain why MNCs are the key players in international economic competition today • Syllabus. • Discuss Library Orientation Course, Instructor to verify completion • What’s Special about “International” Finance? • Goals for International Financial Management in accordance with the ethical considerations throughout the world. • Globalization of the World Economy • Evaluation of Multinational Corporations	NONE
1)	• Identify the stages of corporate expansion overseas by which companies gradually become MNCs • Identify the advantages of being multinational, including the benefits of international diversification • Describe the general importance of financial economics to multinational financial management • Explain the theory of comparative advantage • Discuss why do firms become multinational • Theory of Comparative Advantage • What is Different about Global Financial Management? • Market Imperfections • Globalization Process • The Process of Overseas Expansion by Multinationals	Review the Syllabus. Complete the Library Orientation Course. Instructor to verify completion. Read in Eitemen et. al. (2013) chapter 1 on pages 21-47
3)	• Introduce the various types of international monetary systems under which the world economy can function and has functioned at various times • Discuss historical development of the world’s international monetary systems from the early 1800s to the present • Discuss European Monetary Union • Evolution of the International Monetary System • Current Exchange Rate Arrangements • European Monetary System • Euro and the European Monetary Union	Read in Eun and Resnick (2014) chapter 2 on pages 27-61 and be prepared to discuss in class.

Sources

Course Notes / Textbooks:	International Finance Cheol S. Eun, Bruce G. Resnick McGrawHill, 7th edition, 2014 ISBN-13: 978-0-07-716161-3
References:	Uluslararası Finans Prof. Dr. Halil Seyidoğlu Güzem Can Yayınları, 5. Baskı, 2013. ISBN: 9757516112

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3	4	5
Program Outcomes
1) Banking and define concepts related to the insurance profession. Banking and express numerical methods on insurance.
2) Banking and insurance companies is to apply numerical methods for using the necessary computer programs.
3) They can use a foreign language in oral and written communication and technology.
4) Banking and insurance companies is to use theoretical and practical knowledge about learning. Continuously monitors technological developments related to the field.
5) Data on the banking and insurance sectors can analyze and interpret. Followed by banking and insurance also related disciplines. They can offer suggestions to the sector's problems.
6) Banking prepare and execute the insurance-related projects.

Course - Learning Outcome Relationship

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

	Program Outcomes	Level of Contribution
1)	Banking and define concepts related to the insurance profession. Banking and express numerical methods on insurance.
2)	Banking and insurance companies is to apply numerical methods for using the necessary computer programs.
3)	They can use a foreign language in oral and written communication and technology.
4)	Banking and insurance companies is to use theoretical and practical knowledge about learning. Continuously monitors technological developments related to the field.
5)	Data on the banking and insurance sectors can analyze and interpret. Followed by banking and insurance also related disciplines. They can offer suggestions to the sector's problems.
6)	Banking prepare and execute the insurance-related projects.

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)
Homework
Individual Project

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	64
Project	3	15
Homework Assignments	4	8
Quizzes	2	1
Midterms	1	15
Final	1	22
Total Workload		173