Master of Arts in International Relations non-thesis
Master	TR-NQF-HE: Level 7	QF-EHEA: Second Cycle	EQF-LLL: Level 7

General course introduction information

Course Code:

Uİ505

Course Name:

International Political Economy

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:

Master

TR-NQF-HE:7. Master`s Degree

QF-EHEA:Second Cycle

EQF-LLL:7. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Prof. Dr. GÖKÇE TUNÇ

Course Lecturer(s):

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	NONE
2)	• Describe what multinational corporation (MNC) is • Explain why it is important to study international finance	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)	• Distinguish international finance from domestic finance • Understand the nature and benefits of globalization	none
4)	• Discuss Library Orientation Course, Instructor to verify completion • What’s Special about “International” Finance?	none
5)	• Globalization of the World Economy • Evaluation of Multinational Corporations	none
6)	• 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	none
7)	• Describe the general importance of financial economics to multinational financial management • Explain the theory of comparative advantage	none
8)	• Discuss why do firms become multinational • Theory of Comparative Advantage	none
9)	• What is Different about Global Financial Management? • Market Imperfections • Globalization Process • The Process of Overseas Expansion by Multinationals	none
10)	• 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	none
11)	• Discuss European Monetary Union • Evolution of the International Monetary System	none
12)	• Current Exchange Rate Arrangements	none
13)	• European Monetary System	none
14)	• Euro and the European Monetary Union	none
15)	Final exam	none

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

Course - Learning Outcome Relationship

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

Program Outcomes

Level of Contribution

Learning Activity and Teaching Methods

Individual study and homework
Lesson
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

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