FACULTY OF BUSINESS
Department of International Trade and Finance
SOCIAL MEDIA
ITF 430 | Course Introduction and Application Information
| Course Name |
Financial Macroeconomics
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ITF 430
|
Fall/Spring
|
3
|
0
|
3
|
6
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Elective
|
|||||
| Course Level |
First Cycle
|
|||||
| Mode of Delivery | Online | |||||
| Teaching Methods and Techniques of the Course | DiscussionCase StudyQ&ACritical feedbackLecture / Presentation | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | The primary objective of the course is to examine the role that the financial markets and financial institutions play in modern macroeconomics, particularly focusing on the causes of recessions and depressions. The course discusses both the empirical and theoretical links between financial system and economic performance as well as case studies of the role of finance in specific business cycles episodes. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | The content of the course is to examine the role that the financial markets and financial institutions play in modern macroeconomics, particularly focusing on the causes of recessions and depressions. |
|
|
Core Courses | |
| Major Area Courses |
X
|
|
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Introduction | |
| 2 | The Basics of Financial Markets and Financial Institutions | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter1 |
| 3 | A Brief History of Financial Development | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter2 |
| 4 | Business cycles and Early Macroeconomic Theories of Finance | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter3 |
| 5 | Business cycles and Early Macroeconomic Theories of Finance | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter3 |
| 6 | Keynesian, Monetarist, and Neoclassical Theories | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter4 |
| 7 | New Institutional Theories of Finance: Models of Risk and the Costs of Credit Intermediation | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter5 |
| 8 | New Institutional Theories of Finance: Models of Credit Rationing | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter6 |
| 9 | Midterm Exam | |
| 10 | The Role of Financial Systems in Monetary and Stabilization | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter7 |
| 11 | Banking Crises and Asset Bubbles | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter8 |
| 12 | Banking Crises and Asset Bubbles | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter8 |
| 13 | Capital Flight and the Causes of International Financial Crises | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter9 |
| 14 | International Financial Crises: Policies and Prevention | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008, Chapter10 |
| 15 | Semester Review | |
| 16 | Final Exam |
| Course Notes/Textbooks | Modern Financial Macroeconomics: Panics, Crashes, and Crises, by Todd A. Knoop Blackwell, 2008 ISBN:1405161817 Book Chapters and Powerpoint slides |
| Suggested Readings/Materials | Books 1) Principles of Macroeconomics: Global Financial Crisis Edition (with Global Economic Crisis GEC Resource Center Printed Access Card) by John B. Taylor and Akila Weerapana , SouthWestern College/West; 6th edition, 2009. ISBN-13: 978-1439078204 2) Macroeconomic Theory and Its Failings: Alternative Perspectives on the Global Financial Crisis, by Steven Kates (Editor), Edward Elgar Publications, 2010 ISBN: 9781848448193 Journals 1)Review of financial economics - https://onlinelibrary.wiley.com/journal/18735924 2)Journal of financial economics - https://www.journals.elsevier.com/journal-of-financial-economics 3)Applied financial economics - https://www.tandfonline.com/loi/rafe20 4)Applied financial economics letters - https://www.tandfonline.com/loi/rafl20 5)Current issues in economics and finance - https://www.springer.com/la/book/9789811058097 6)Journal of Business Cycle Measurement and Analysis - https://www.oecd-ilibrary.org/economics/journal-of-business-cycle-measurement-and-analysis_17293626 Other 1)OECD www.oecd.org 2) Financial Times www.ft.com 3) Wall Street Journal www.wsj.com 4) Federal Reservehttps://www.federalreserve.gov/aboutthefed/educational-tools/chairmans-lecture-series-about.htm 5) IMF www.imf.org 6) BIS www.bis.org 7) https://www.bis.org/cbanks.htm?m=2%7C9 8) TCMB www.tcmb.org |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
1
|
20
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury |
1
|
20
|
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
20
|
| Final Exam |
1
|
40
|
| Total |
| Weighting of Semester Activities on the Final Grade |
3
|
60
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
| 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
|
3
|
48
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
0
|
||
| Presentation / Jury |
1
|
16
|
16
|
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
26
|
26
|
| Final Exam |
1
|
30
|
30
|
| Total |
168
|
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. |
X | ||||
| 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. | |||||
| 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. | X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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