Dokuz Eylül University Information Package / Courses Catalog

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type Of Course	D	U	L	ECTS
ERA 4602	INTERNATIONAL FINANCE	ELECTIVE	3	0	0	3

Offered By

Public Finance

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR HAYAL AYÇA ŞIMŞEK

Offered to

Public Finance (Evening)
Public Finance

Course Objective

This course introduces students to International Finance and equips them with tools and methods to study and analyze international economic issues and problems.

Learning Outcomes of the Course Unit

1	Identifying role and nature of advanced concepts and theoretical models in banking and international finance
2	Expressing competing perspectives and associated empirical evidence relating to banking and international finance issues
3	Assimilating and synthesising theories and concepts from a variety of relevant frameworks
4	Analysing and evaluating banking and international finance information.
5	Formulating logical and coherent arguments

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

HAZIRLIK - FOREIGN LANGUAGE PREPARATION CLASS

Recomended Optional Programme Components

None

Course Contents

Week	Subject	Description
1	Small open economy models
2	Two-Country Models
3	Puzzles in International Macroeconomics
4	Nominal Exchange Rates
5	Money, Exchange Rates, and Currency Substitution (and dollarization)
6	Exchange rates and capital mobility
7	Global capital flow
8	Mid term exam
9	Mid term exam
10	Financial Crisis- First-generation models of currency and banking crises
11	Financial Crisis- Second generation and other models of currency and banking crises
12	Banking and currency crises: The evidence
13	Inflation Stabilization and Credibility Issues
14	International Adjustment: Theory and Evidence

Recomended or Required Reading

Maurice Obstfeld and Kenneth Rogoff, Foundations of International Economics (MIT Press, 1996) is highly recommended, as is the Workbook. http://post.economics.harvard.edu/faculty/rogoff/rogoff.html
Other recommended texts or collected essays, which include some of the readings are:
Pierre Agénor and Peter Montiel, Development Macroeconomics (Princeton University Press, 1999, third edition).
Guillermo Calvo, Money Exchange Rates and Output (MIT Press, 1996).
Guillermo Calvo Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy , (Cambridge, MA: MIT Press 2005),
Rudi Dornbusch, Exchange Rates and Inflation (MIT Press, 1988).
Sebastian Edwards, Real Exchange Rates, Devaluation, and Adjustment (MIT Press, 1989).
The Handbooks in International Economics Vols. I-III (North Holland) are also excellent sources.
In addition to the readings, you are expected to follow current events in the financial press, such as The Economist and the Financial Times.

Planned Learning Activities and Teaching Methods

Lectures

Assessment Methods

SORTING NUMBER	SHORT CODE	LONG CODE	FORMULA
1	MTE	MIDTERM EXAM
2	MTEG	MIDTERM GRADE	MTEG * 1
3	FIN	FINAL EXAM
4	FCGR	FINAL COURSE GRADE	MTEG * 0.40 + FIN * 0.60
5	RST	RESIT
6	FCGR	FINAL COURSE GRADE (RESIT)	MTEG * 0.40 + RST * 0.60

Further Notes About Assessment Methods

Giving lecture, active participation of students and presentations prepared by the students.

Assessment Criteria

To be announced.

Language of Instruction

English

Course Policies and Rules