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Syllabus ( ITF 509 )


   Basic information
Course title: Financial Economics
Course code: ITF 509
Lecturer: Assoc. Prof. Dr. Abdullah ALTUN
ECTS credits: 7.5
GTU credits: 0 (3+0+0)
Year, Semester: 1/1, Fall and Spring
Level of course: Second Cycle (Master's)
Type of course: Area Elective
Language of instruction: Turkish
Mode of delivery: Face to face
Pre- and co-requisites: None
Professional practice: No
Purpose of the course: The primary objective of the course is to examine the role of the financial markets and financial institutions in modern macroeconomics. Participants of this course will be led to read, understand and interpret economics reports of institutions such as central bank. Thereby, the understanding of economics and financial data and the usage of this data in decision making processes in corporations of participants is aimed.
   Learning outcomes Up

Upon successful completion of this course, students will be able to:

  1. Explain business cycles and early macroeconomic theories of finance.

    Contribution to Program Outcomes

    1. Develop and deepen his/her knowledge in fields of international trade, finance and management
    2. Define basic economics, finance and management terminology, theories and concepts
    3. Review, interpret and apply the literature on international trade and finance

    Method of assessment

    1. Written exam
  2. Interpret financial and economics research reports of institutions such as central bank.

    Contribution to Program Outcomes

    1. Define basic economics, finance and management terminology, theories and concepts
    2. Discover, classify and analyze economic data
    3. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors
    4. Acquire scientific knowledge and work independently
    5. Develop an awareness of continuous learning in relation with modern technology

    Method of assessment

    1. Written exam
  3. Grasp the effects of economics and financial data and use in decision making processes.

    Contribution to Program Outcomes

    1. Define basic economics, finance and management terminology, theories and concepts
    2. Discover, classify and analyze economic data
    3. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors
    4. Acquire scientific knowledge and work independently
    5. Develop an awareness of continuous learning in relation with modern technology

    Method of assessment

    1. Written exam
  4. Give information about banking crises, asset bubbles, capital flight and the causes of international financial crises.

    Contribution to Program Outcomes

    1. Develop and deepen his/her knowledge in fields of international trade, finance and management
    2. Define basic economics, finance and management terminology, theories and concepts
    3. Discover, classify and analyze economic data
    4. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors
    5. Find out new methods to improve his/her knowledge.

    Method of assessment

    1. Written exam
   Contents Up
Week 1: Introduction to Financial Markets and Financial Institutions I
Week 2: Introduction to Financial Markets and Financial Institutions II
Week 3: Macroeconomic Theories of Finance: Economics and Financial Variables
Week 4: Macroeconomic Theories of Finance: Policy Tools
Week 5: Macroeconomic Theories of Finance: Supply and Demand
Week 6: Macroeconomic Theories of Finance: Business Cycles I
Week 7: Macroeconomic Theories of Finance: Business Cycles II and Midterm Exam
Week 8: Money and Banking: Introduction
Week 9: Money and Banking: Monetary Transmission Mechanism
Week 10: Money and Banking: Interest and Inflation
Week 11: The Role of Financial Systems in Monetary and Stabilization Policies
Week 12: Banking Crises and Asset Bubbles
Week 13: Capital Flight and the Causes of International Financial Crises
Week 14: International Financial Crises: Policies and Prevention
Week 15*: Review
Week 16*: Final exam
Textbooks and materials:
Recommended readings: Frederic S. Mishkin, Economics of Money, Banking and Financial Markets, 11th Edition. ISBN: 0133836797
  * Between 15th and 16th weeks is there a free week for students to prepare for final exam.
Assessment Up
Method of assessment Week number Weight (%)
Mid-terms: 7 40
Other in-term studies: 0
Project: 0
Homework: 0
Quiz: 0
Final exam: 16 60
  Total weight:
(%)
   Workload Up
Activity Duration (Hours per week) Total number of weeks Total hours in term
Courses (Face-to-face teaching): 3 14
Own studies outside class: 7 14
Practice, Recitation: 0 0
Homework: 0 0
Term project: 0 0
Term project presentation: 0 0
Quiz: 0 0
Own study for mid-term exam: 15 1
Mid-term: 3 1
Personal studies for final exam: 24 1
Final exam: 3 1
    Total workload:
    Total ECTS credits:
*
  * ECTS credit is calculated by dividing total workload by 25.
(1 ECTS = 25 work hours)
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