FACULTY OF BUSINESS

Department of International Trade and Finance

ITF 402 | Course Introduction and Application Information

Course Name
Trade and Finance in EU
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ITF 402
Fall/Spring
3
0
3
5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The objective of this course is to assess and evaluate developments and the contribution of EU to the growing and globalizing world economy, to contribute to the student’s understanding of the developments of the EU economy with special emphasis on trade and finance. The course will lay the foundations to the students to follow and analyze the current economic developments of the EU countries and their trade and financial relations to the other emerging and developed economies. The integration process and the current economic, social and political situations will be addressed.
Learning Outcomes The students who succeeded in this course;
  • will be able to use relevant information about trade and finance.
  • will be able to demonstrate knowledge and awareness of international issues.
  • will be able to recognize differences in multicultural settings
  • will be able to give information about trade and finance patterns in EU.
  • will be able to define the relevant fundamental principles and theories of economics and finance.
Course Description To lay the foundation, modes of regional economic integration, monetary integration, the history and reasons behind the economic and monetary integration of Europe will be discussed and EU’s economic relationship with other countries and Turkey will be analyzed.The financial structure of EU, especially EURO, and financial institutions such as Central Bank of Europe, and European Stability Mechanism will be covered.In the second half of the semester,the students will prepare and present a group project involving the economic situation of an EU country with special emphasis on trade and finance.

 



Course Category

Core Courses
X
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction: Debt Crisis in EU- 2011-2012 Revisited
2 Modes of Regional Economic Integration and the European Economic and Monetary Union David N. Balaam and Michael Veseth. “The European Union: The Economics and Politics of Integration” in Introduction to Political Economy, Second Edition, 2001. p. 231-251Hitiris, Chp. 1
3 Optimum Currency Areas DeGrauwe. Chp. 1 & 2 Baldwin and Wyplosz, Chp. 11
4 Costs and Benefits of a Common Currency DeGrauwe, Chp. 3 & 4
5 European Central Bank and the Turkish Central Bank European Financial Stability Fund DeGrauwe, Chp. 8 Caner Bakır, Merkezdeki Banka: Türkiye Cumhuriyet Merkez Bankası ve Uluslararası Bir Karşılaştırma. İstanbul Bilgi Üniversitesi Yayınları, 2007. EU Website and pertinent articles
6 Fiscal Policy and the Stability and Growth Pact Baldwin and Wyplosz. Chp. 18 DeGrauwe, Chp. 10
7 Midterm Exam
8 External Trade Policy in EU Hitiris, Chp. 8, Baldwin and Wyplosz, Chp. 15 Nello, Chp. 18-19,McDonald and Dearden, Chp12.
9 Trade within EU EUROSTAT Statistics Pertinent Articles
10 Trade with non EU Countries EU Trade with Turkey EUROSTAT Statistics T.C. Ekonomi Bakanligi Foreign Trade Statistics and Reports Pertinent Articles
11 Country Report Presentation
12 Country Report Presentation
13 Country Report Presentation
14 Country Report Presentation
15 Review of the Semester  
16 Review of the Semester  

 

Course Notes/Textbooks Powerpoint presentations, daily news
Suggested Readings/Materials Newspapers of National and international broadcast news, the economic and financial data bases

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
1
10
Portfolio
Homework / Assignments
Presentation / Jury
Project
1
25
Seminar / Workshop
Oral Exams
Midterm
1
30
Final Exam
1
25
Total

Weighting of Semester Activities on the Final Grade
70
Weighting of End-of-Semester Activities on the Final Grade
30
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
16
2
32
Field Work
0
Quizzes / Studio Critiques
1
5
5
Portfolio
0
Homework / Assignments
0
Presentation / Jury
0
Project
1
15
15
Seminar / Workshop
0
Oral Exam
0
Midterms
1
20
20
Final Exam
1
25
25
    Total
145

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to identify and analyze problems in the field of trade and finance, and to develop solutions.

2 To be able to use the theoretical and practical knowledge gained in the field of International Trade and Finance.
3 To be able to analyze the developments in global markets by using critical thinking skills. X
4 To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively.
5 To be able to acquire knowledge about the legal regulations and practices in the field.
6 To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks.
7 To be able to acquire and use verbal and numerical skills necessary for the nature of international trade and finance program.
8 To be able to obtain, synthesize and report the information related to the fields of trade and finance. X
9 To be able to contribute to the solution of problems as individual, team member or leader. X
10

To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity.

11 To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).
12 To be able to speak a second foreign at a medium level of fluency efficiently.
13 To be able to relate the knowledge accumulated throughout human history to their field of expertise.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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