ECO748 - RECENT DEVELOPMENTS IN INTERNATIONAL FINANCE
| Course Name | Code | Semester | Theory (hours/week) |
Application (hours/week) |
Credit | ECTS |
|---|---|---|---|---|---|---|
| RECENT DEVELOPMENTS IN INTERNATIONAL FINANCE | ECO748 | Spring | 3 | 0 | 3 | 9 |
| Prequisites | None | |||||
| Course language | English | |||||
| Course type | Elective | |||||
| Mode of Delivery | Face-to-Face | |||||
| Learning and teaching strategies | Lecture Discussion Preparing and/or Presenting Reports | |||||
| Instructor (s) | Academic Staff | |||||
| Course objective | To teach international finance at Ph.D. level and to inform about recent development in the field. | |||||
| Learning outcomes |
| |||||
| Course Content | Intertemporal approach to balance of payments, dynamics of foreign debt, new open economy macroeconomics, redux model, monetary approach to exchange rates, lon-run determinants of real exchange rates, stochastic Mundel-Fleming Model. | |||||
| References | Obstfeld, Maurice ve Kenneth Rogoff, Foundations of International Macroeconomics, The MIT Press, Cambridge, MA, 1996. Mark, Nelson C., International Macroeconomics and Finance: Theory and Empirical Methods, Blackwell Publishers, 2000. A reading list of recent articles | |||||
Course outline weekly
| Weeks | Topics |
|---|---|
| Week 1 | Introduction: Intertemporal trade and current account balance |
| Week 2 | Dynamics of small open economies |
| Week 3 | Budget deficit and the current account |
| Week 4 | The real exchange rate and the terms of trade |
| Week 5 | Consumption dynamics, the price level and the real interest rate |
| Week 6 | Midterm |
| Week 7 | Uncertainty and international financial markets |
| Week 8 | Asset pricing |
| Week 9 | Imperfections in international capital markets: sovereign risk |
| Week 10 | Globalisation and economic growth |
| Week 11 | Money and exchange rates under flexible prices |
| Week 12 | Nominal price rigidities |
| Week 13 | Stick-price models of output, the exchame rate and the current account |
| Week 14 | General discussion |
| Week 15 | Preparation for the Final Exam |
| Week 16 | Final exam |
Assesment methods
| Course activities | Number | Percentage |
|---|---|---|
| Attendance | 0 | 0 |
| Laboratory | 0 | 0 |
| Application | 0 | 0 |
| Field activities | 0 | 0 |
| Specific practical training | 0 | 0 |
| Assignments | 1 | 30 |
| Presentation | 1 | 10 |
| Project | 0 | 0 |
| Seminar | 0 | 0 |
| Midterms | 0 | 0 |
| Final exam | 1 | 60 |
| Total | 100 | |
| Percentage of semester activities contributing grade succes | 3 | 40 |
| Percentage of final exam contributing grade succes | 1 | 60 |
| Total | 100 | |
WORKLOAD AND ECTS CALCULATION
| Activities | Number | Duration (hour) | Total Work Load |
|---|---|---|---|
| Course Duration (x14) | 14 | 3 | 42 |
| Laboratory | 0 | 0 | 0 |
| Application | 0 | 0 | 0 |
| Specific practical training | 0 | 0 | 0 |
| Field activities | 0 | 0 | 0 |
| Study Hours Out of Class (Preliminary work, reinforcement, ect) | 12 | 10 | 120 |
| Presentation / Seminar Preparation | 0 | 0 | 0 |
| Project | 0 | 0 | 0 |
| Homework assignment | 1 | 30 | 30 |
| Midterms (Study duration) | 1 | 30 | 30 |
| Final Exam (Study duration) | 1 | 48 | 48 |
| Total Workload | 29 | 121 | 270 |
Matrix Of The Course Learning Outcomes Versus Program Outcomes
| D.9. Key Learning Outcomes | Contrubition level* | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1. Acquiring expertise in economic theories and practical applications comparable to that of a scientist, along with the ability to evaluate their significance. | X | ||||
| 2. Specialization in various fields of economics and possessing the knowledge and skills to conduct original research. | X | ||||
| 3. Developing critical perspectives on economic issues and sharing these perspectives with society. | X | ||||
| 4. Proficiency in quantitative methods and generating original ideas to bridge theory and practice. | X | ||||
| 5. Offering actionable recommendations for economic policies and conducting impact analyses. | X | ||||
| 6. Conducting original research adhering to high academic and ethical standards. | X | ||||
| 7. Maintaining openness to different economic ideologies and solving problems with a comprehensive and pluralistic approach. | X | ||||
| 8. Analyzing economic issues from an interdisciplinary perspective. | X | ||||
| 9. Utilizing knowledge for the welfare of society and embracing the responsibility to share it. | X | ||||
| 10. Understanding global economic dynamics and formulating policy recommendations for global challenges. | X | ||||
| 11. Being equipped for personal development and career planning. | X | ||||
| 12. Proficiency in English at a level conducive to professional development and preferably being able to communicate in a second foreign language. | X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest