Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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ITR425 | FINANCIAL GLOBALIZATION | 7 | 3 | 3 | 8 |
GENERAL INFORMATION |
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Language of Instruction : | English |
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. ONUR ÖZDEMİR |
Instructor(s) of the Course Unit | Assist.Prof. IRYNA SKAVRONSKA |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | This course aims to introduce how neoliberal policies effected the process of financial articulation generated after the second half of the 20th century, how basic economic indicators and income distributions changed following this financialization. |
Contents of the Course Unit: | Contents of the course include international banking analysis, the articulation process of financial systems with one another, foreign securities markets, international stock exchange transactions, Forex market, world finance market, international portfolio investments international capital resources, international risk management, direct capital investments, international taxation, comparison between the balance of example payments in Turkey and selected countries, international financial crises. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Summarize basic concepts regarding globalization. |
Explain historical development of globalization |
Anlayze the relation between financial globalization and financial crisis on the basis of basic economical concepts |
Discuss the effects of direct capital investments on the balance of payments over sheets |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Reading | International Banking Analysis | Lecture & Question and Answer & Discussion |
2 | Reading | The Articulation Process of Financial Systems With One Another | Lecture & Question and Answer & Discussion |
3 | Reading | Foreign Securities Markets | Lecture & Question and Answer & Discussion |
4 | Reading | International Stock Exchange Transaction | Lecture & Question and Answer & Discussion |
5 | Reading | Forex Market | Lecture & Question and Answer & Discussion |
6 | Reading | World Finance Market | Lecture & Question and Answer & Discussion |
7 | Reading | International Portfolio Investments | Lecture & Question and Answer & Discussion |
8 | - | MID-TERM EXAM | - |
9 | Reading | International Capital Resources | Lecture & Question and Answer & Discussion |
10 | Reading | International Risk Management | Lecture & Question and Answer & Discussion |
11 | Reading | Direct Capital Investments | Lecture & Question and Answer & Discussion |
12 | Reading | International Taxation | Lecture & Question and Answer & Discussion |
13 | Reading | Comparison between the Balance of Example Payments in Turkey and Selected Countries | Lecture & Question and Answer & Discussion |
14 | Reading | International Financial Crises | Lecture & Question and Answer & Discussion |
15 | Reading | General Revision | Lecture & Question and Answer & Discussion |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Das, D. K. (2004). Financial Globalization and the Emerging Market Economy.London, United Kingdom: Taylor and Francis. |
Valdez, S. And Molyneux, P. (2015). An Introduction to Global Financial Markets. Basingstoke, United Kingdom: Palgrave MacMillan. |
Cline, W. (2011). Financial Globalization, Economic Growth, and the Crisis of 2007-09. Washington, United States: The Peterson Institute for International Economics. |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.
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5 | |||||
2 |
Recognize the entries in the book and financial balance sheet of the business organization.
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5 | |||||
3 |
Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.
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3 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Summarize historical development of the international trade theories by adhering to the chronological order.
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3 | |||||
2 |
Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.
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4 | |||||
3 |
Solve financial and legal problems confronted in international trade practices.
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5 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.
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4 | |||||
2 |
Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.
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4 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.
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4 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate knowledge about economic globalization and internationalization with current knowledge in the field.
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5 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.
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5 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explain demands in written or verbally by using the foreign language skill in business and social life effectively.
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3 | |||||
2 |
Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.
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3 | |||||
3 |
Design a healthy communication network for themselves in the business world by using social life skills.
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3 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.
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4 | |||||
2 |
Develop suggestions for international trade policies by determining economic problems in the macro level.
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3 | |||||
3 |
Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market
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3 | |||||
4 |
Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.
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4 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 13 | 2 | 26 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
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 | 7 | 10 | 70 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 5 | 12 | 60 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 41 | 0 | 200 |
Total Workload of the Course Unit | 200 | ||
Workload (h) / 25.5 | 7,8 | ||
ECTS Credits allocated for the Course Unit | 8,0 |