ITF 407 | Course Introduction and Application Information - Department of International Trade and Finance

Course Name

Emerging Markets

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ITF 407	Fall/Spring	3	0	3	5

Prerequisites	None
Course Language	English
Course Type	Elective
Course Level	First Cycle
Mode of Delivery	face to face
Teaching Methods and Techniques of the Course	Discussion Lecture / Presentation
National Occupation Classification	-
Course Coordinator	Prof. Dr. C Coşkun KÜÇÜKÖZMEN
Course Lecturer(s)	Prof. Dr. C Coşkun KÜÇÜKÖZMEN
Assistant(s)	Arş.Gör. MERT SAĞSÖZ

Course Objectives	The objective of this course is to assess and evaluate the contribution of emerging economies to the rapidly growing and globalizing world economy. This course also aims to contribute to students understanding of the developments in the world economy, and lay the foundations necessary to comprehend the contemporary global economy, and analyze the current developments in emerging and developed economies.
Learning Outcomes	The students who succeeded in this course; Describe the key factors shaping the global and emerging market economies. Identify and discuss the economic and financial characteristics of leading emerging markets. Analyze the interdependence between emerging and developed economies. Evaluate current global economic trends and their impact on emerging markets. Demonstrate a basic understanding of banking operations and their effects on economic performance.
Course Description	To determine the fundamental characteristics of emerging and developed economies, portray the current challenges to achieving sustainable growth in the economy, to have a basic understanding of how banks work, including how banks make money and the prudent ways of lending and its impact on the local and global economies. In the second half of the semester, the students will prepare and present a group project.
Related Sustainable Development Goals

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

Week	Subjects	Related Preparation
1	Introduction
2	What is an “Emerging Market” (EM) today?	Lecture Notes
3	Growth accounting & cycles in EM	Lecture Notes
4	Inflation, FX regimes & monetary policy in EM	Lecture Notes
5	Capital flows, sudden stops & macroprudential policy	Lecture Notes
6	EM debt, sovereign risk & term structure	Lecture Notes
7	EM equities & factor narratives	Lecture Notes
8	China, commodities & EM trade webs	Lecture Notes
9	Midterm Exam
10	Geopolitics, sanctions, & fragmentation	Lecture Notes
11	Energy transition, climate finance & EM	Lecture Notes
12	FX markets, offshore liquidity & policy trilemma	Lecture Notes
13	Institutions, investor behavior & narrative traps	Lecture Notes
14	Putting it together: Portfolio construction for EM	Lecture Notes
15	Review of semester
16	Final Exam

Course Notes/Textbooks

Based on Lecturer’s Notes and regular positing via BlackBoard.

Suggested Readings/Materials

National and international newspaper articles and news, economic and financial websites of emerging countries and international institutions.

The Return of Depression Economics and the Crisis of 2008 by Paul Krugman

All announcements, results and materials will be available on the Blackboard site of the course.

Semester Activities	Number	Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury	1	30
Project	1	30
Seminar / Workshop
Oral Exams
Midterm	1	40
Final Exam
Total

Weighting of Semester Activities on the Final Grade	3	100
Weighting of End-of-Semester Activities on the Final Grade
Total

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			0
Portfolio			0
Homework / Assignments			0
Presentation / Jury	1	22	22
Project	1	20	20
Seminar / Workshop			0
Oral Exam			0
Midterms	1	23	23
Final Exam			0
		Total	145

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	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.	-	-	-	-	X
2	To be able to apply theoretical and practical knowledge of international trade and finance to real-world professional contexts.	-	-	-	-	-
3	To be able to critically analyze global market developments and evaluate their implications for business and policy.	-	-	-	-	X
4	To be able to collect, analyze, and interpret financial and economic data by using digital and information technologies effectively.	-	-	-	-	-
5	To be able to understand and interpret legal frameworks, regulations and practices relevant to international trade and finance.	-	-	-	-	-
6	To be able to anticipate, define, and manage financial and trade-related risks through informed decision-making.	-	-	-	-	-
7	To be able to acquire and use verbal, written, and numerical skills effectively for the nature of international trade and finance program.	-	-	-	-	-
8	To be able to obtain, synthesize, and report trade- and finance-related information clearly and effectively.	-	-	-	-	-
9	To be able to contribute effectively as individuals, team members, and leaders in multidisciplinary environments.	-	-	-	-	-
10	To be able to evaluate trade and finance issues from ethical, social, and sustainability perspectives.	-	-	-	-	-
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.	-	-	-	-	-