INTERNATIONAL FINANCIAL MARKETS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
BNS451	INTERNATIONAL FINANCIAL MARKETS	7	3	3	7

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assoc.Prof. HAKAN ÖZCAN
Instructor(s) of the Course Unit	Assoc.Prof. AYŞEGÜL ERTUĞRUL
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	It aims to convey the underlying logic of global capital flows and to teach international financial decision-making processes. It seeks to provide a comprehensive understanding of the global financial structure through exchange rate systems, international debt instruments, and risk management techniques.
Contents of the Course Unit:	The course covers foreign exchange markets, the balance of payments, derivative products (futures, options, swaps), and international bond and stock markets. It also examines in detail international monetary systems and the dynamics of global financial crises.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

1. Understands the international financial system and its historical development, and analyzes the effects of globalization on financial markets. 2. Learns about foreign exchange market dynamics and theories, and applies the fundamental theories that determine exchange rates. 3. Evaluates the effects of foreign trade and capital flows on the national economy by examining balance of payments items; interprets the causes of balance of payments deficits and potential solutions using concrete examples. 4. Students learn about international financial instruments and derivatives and explain the structure of Eurobonds, global and foreign bonds, as well as derivatives such as forwards, futures, options, and swaps, and their use for hedging against financial risks. 5. Evaluates the causes of international financial crises, their transmission mechanisms, and the role of early warning systems in preventing crises using a holistic approach.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	-	Introduction to the International Financial System and Markets	Lecture
2	-	Globalization: Financial, Economic, and Technological	Lecture
3	-	International Monetary Systems: The Gold Standard	Lecture
4	-	International Monetary Systems: The Bretton Woods System	Lecture
5	-	Fixed and Floating Exchange Rate Regimes	Lecture
6	-	Foreign Exchange Markets, Characteristics, and Participants	Lecture
7	-	Introduction to Theories Explaining International Exchange Rates	Lecture
8	-	Purchasing Power Parities and Interest Rate Parity	Lecture
9	-	Balance of Payments Items	Lecture
10	-	MID-TERM EXAM	-
11	-	Causes of Balance of Payments Deficits and Practical Examples	Lecture
12	-	International Financial Instruments: Eurobonds, Global Bonds, Foreign Bonds	Lecture
13	-	Derivatives: Forwards, Futures, Options, and Swaps	Lecture
14	-	International Financial Crises: Causes, Consequences, and Early Warning Systems	Lecture
15	-	General Repitation	Lecture
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Seyidoğlu, H. (2018). Uluslararası finans (5. baskı). Güzem Can Yayınları. Parasız, İ., & Magnis, A. (2020). Uluslararası finansal piyasalar ve kurumlar. Ezgi Kitabevi. Ceylan, A., & Korkmaz, T. (2021). Uluslararası finansal yönetim (7. baskı). Ekin Yayınevi. Madura, J. (2020). International financial management (14th ed.). Cengage Learning.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define basic concepts related with banking, insurance and finance					4
2	Relates the theoretical and practical knowledge in the field to economics, business, law, statistics, accounting and marketing		1

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate banking and insurance applications to financial theories, mathematical and statistical methods.						5
2	Relate the information and facts in the field with other social sciences such as law, sociology, philosophy and history.	0

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the planning and implementation process in banking and insurance transactions.					4
2	Provide solutions for the problems encountered in banking and insurance transactions.						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use theoretical and practical knowledge in the field of banking and insurance transactions.						5
2	By analyzing economic data accurately, manage savings and portfolio investments to minimize financial risks.						5

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	He/She works as a leader or a team member in a teamwork from the planning of the banking transactions to the implementation and performs the task assigned to them within the team.		1

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Gain the basic knowledge necessary for the planning process of banking and insurance activities and human resources performance management.			2
2	Use the computer programs related with field in banking and insurance transactions.		1

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Cooperate to bring innovative ideas to the stakeholders in the sector using banking insurance-related databases, information and communication technologies.				3
2	Research on scientific, sectoral developments and innovations related to the field with lifelong learning as a principle.	0

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze financial data related to his / her field.						5
2	Apply knowledge and skills related to his / her field by taking into account his legal, social and ethical responsibilities.		1

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	14	3	42
Land Surveying	0	0	0
Group Work	5	4	20
Laboratory	0	0	0
Reading	10	2	20
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	8	3	24
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	8	3	24
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	61	0	174