Syllabus - Financial Economics (Without Thesis) | İzmir University of Economics

GRADUATE SCHOOL

Financial Economics (Without Thesis)

ECON 520 | Course Introduction and Application Information

Course Name
International Macroeconomics
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 520
Fall/Spring
3
0
3
7.5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
Second Cycle
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives This course provides an overview of issues in international macroeconomics, and develops the concepts and analytic tools necessary for understanding macroeconomic issues under open economy regime(s).
Learning Outcomes The students who succeeded in this course;
  • To describe and analyze core international open economy macro models
  • To describe and analyze key concepts and applications under open economy regime(s), based on the core models
  • To make policy analysis based on core models
  • To use core models to comment on actual (i.e. practical) open economy macroeconomic issues.
  • To compare and contrast the results of different core models
Course Description The course aims to give a rigorous introduction to international macroeconomics. To this end, the lectures present core models, including one-period, two period, and infinite horizon open economy models, and discuss dynamic and stochastic analysis of current account, exchange rate determination, terms of trade, and global financial markets. After this course, students will have a deeper understanding of core models of open economy models and major research issues in international macroeconomics. The students will also be equipped with skills needed to critically read and evaluate the mainstream literature.

 



Course Category

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 to General Equilibrium Course Notes (HY)
2 Introduction to General Equilibrium Course Notes (HY)
3 Introduction to General Equilibrium Course Notes (HY)
4 Introduction to Dynamic Macroeconomics Course Notes (HY)
5 Introduction to Dynamic Macroeconomics Course Notes (HY)
6 Intertemporal Trade and the Current Account Balance Chapter 1 in O&R
7 Intertemporal Trade and the Current Account Balance Chapter 1 in O&R
8 Intertemporal Trade and the Current Account Balance Chapter 1 in O&R
9 Midterm
10 Dynamics of Small Open Economies Chapter 2 in O&R
11 Dynamics of Small Open Economies Chapter 2 in O&R
12 The Real Exchange Rate and the Terms of Trade Chapter 4 in O&R
13 The Real Exchange Rate and the Terms of Trade Chapter 4 in O&R
14 Uncertainty and International Financial Markets Chapter 5 in O&R
15 Review of the Semester  
16 Review of the Semester  

 

Course Notes/Textbooks

Obstfeld, Maurice, and Kenneth Rogoff (O&R), Foundations of International Macroeconomics, (MIT Press, 1996)

Hakan Yetkiner (HY), Course Notes in Macroeconomic Theory.

Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
50
Final Exam
1
50
Total

Weighting of Semester Activities on the Final Grade
1
50
Weighting of End-of-Semester Activities on the Final Grade
1
50
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
6
96
Field Work
0
Quizzes / Studio Critiques
0
Homework / Assignments
0
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
20
20
Final Exam
1
20
20
    Total
184

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

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

To improve and deepen expertise in economics and finance.

X
2

To be able to comprehend the interaction between economics, finance and related fields.

X
3

To be able to apply the advanced level knowledge acquired in economics and finance.

X
4

To be able to create new knowledge by combining the knowledge of finance and economics with the knowledge coming from other disciplines and be able to solve problems which requires expert knowledge by applying scientific methods.

X
5

To be able to use computer programs needed in the fields of economics and finance as well as information and communication technologies in advanced levels.

6

To be able to think analytically to identify problems in finance and economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems.

X
7

To be able to develop new strategic approaches for unexpected, complicated situations in finance and economics and take responsibility in solving it.

X
8

To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to institute and observe these values.

X
9

To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently.

10

To be able to use a foreign language for both following scientific progress and for written and oral communication.

X

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

 


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