FNCE306 Current Issues in Global EconomyIstanbul Okan UniversityDegree Programs Industrial Engineering (English)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Industrial Engineering (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
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: EN
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: University / Foreign Language
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 : Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN
Course Lecturer(s): Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN
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;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) • Recognize key macroeconomic indicators and tools to analyze recent global economic phenomena.
2) • Introduce the concepts of globalization and liberalization in financial markets to analyze key economic issues in global framework.
3) • Identify the concept of ‘financial innovation’ regarding key issues and problems in global economic condition.
4) • Analyze several economic cases creating global anomalies in financial markets.
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) 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

Program Outcomes
1) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
2) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
3) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.)
4) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
5) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
8) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
9) Awareness of professional and ethical responsibility.
10) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
11) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
2) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
3) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.)
4) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
5) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
8) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
9) Awareness of professional and ethical responsibility.
10) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
11) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.

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