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İzmir Ekonomi Üniversitesi

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    GRADUATE SCHOOL

    Financial Economics (Without Thesis)

    ECON 532 | Course Introduction and Application Information

    Course Name
    Macroeconomics for Investment
    Code
    Semester
    Theory
    (hour/week)
    Application/Lab
    (hour/week)
    Local Credits
    ECTS
    ECON 532
    Fall/Spring
    3
    0
    3
    7.5

    Prerequisites
    None
    Course Language
    English
    Course Type
    Elective
    Course Level
    Second Cycle
    Mode of Delivery -
    Teaching Methods and Techniques of the Course -
    National Occupation Classification -
    Course Coordinator -
    Course Lecturer(s)
    Assistant(s) -
    Course Objectives To teach the students basic linkages between the macro economy and financial markets.
    Learning Outcomes

    The students who succeeded in this course;

    • will be able to analyze macro data during different phases of economic cycle.
    • will be able to explain economic, business and market cycles.
    • will be able to order the main players in the international financial markets.
    • will be able to explain the place of asset class and drivers of each of these over cycles.
    • will be able to interpret the country risk and its impact on asset market returns.
    • will be able to analyze the financial market returns under low growth environment that the world is entering.
    • will be able to explain the basic new developments in financial markets.
    Course Description The course aims to provide a macroeconomic framework to aid understanding of the movement of financial markets. It aims to do so both by using traditional macroeconomic equations, but also by developing macroeconomic proxies and signals developed from ideas familiar to corporate analysts and investors. It aims to provide not just a theoretical framework for analysing growth, elements of the business cycle, and the cashflows associated with them, but also practical demonstrations and tools. Throughout, the ideas will be accompanied by casestudies derived from current or nearcurrent economic and financial situations, principally from the US and Asia.Each class will kick off with a discussion of current events in the markets and how these relates to the course material.
    Related Sustainable Development Goals

     



    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 Intoduction: Macroeconomics and the Real Economic Activity
    2 The National Accounts and the Structure of the Economy
    3 Macroeconomic Concepts and Definitions
    4 Measuring Prices and Inflation
    5 Analysis of Trends and Cycles
    6 Short-Run Macroeconomics and Long-Run Growth
    7 Monetary System and Monetary Policy
    8 The Financial System: Interest Rates and Expectations
    9 The International Financial System and the Balance of Payments
    10 Exchange Rate Regimes and Equilibrium Exchange Rates
    11 Production Function, the Labor Market, and Aggregate Supply
    12 Aggregate Demand and Goods-Market Equilibrium
    13 Public Finance and Macroeconomic Performance: Fiscal Policy
    14 The Financial Sector and Macroeconomic Performance
    15 The Dynamics of Output, Unemployment, and Inflation
    16 Investment Theory and Capital Asset Pricing Model

     

    Course Notes/Textbooks
    Suggested Readings/Materials
    1. Lipschitz and Chadler - Macroeconomics for Professionals_ A Guide for Analysts and Those Who Need to Understand Them-Cambridge University Press (2019)
    2. Kevin D. Hoover - Applied Intermediate Macroeconomics-Cambridge University Press (2011)
    3. Peter Montiel - Macroeconomics in Emerging Markets-Cambridge University Press (2011)

     

    EVALUATION SYSTEM

    Semester Activities Number Weigthing
    Participation
    16
    10
    Laboratory / Application
    Field Work
    Quizzes / Studio Critiques
    Portfolio
    Homework / Assignments
    1
    30
    Presentation / Jury
    Project
    Seminar / Workshop
    Oral Exams
    Midterm
    1
    20
    Final Exam
    1
    40
    Total

    Weighting of Semester Activities on the Final Grade
    18
    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
    4
    64
    Field Work
    0
    Quizzes / Studio Critiques
    0
    Portfolio
    0
    Homework / Assignments
    1
    33
    33
    Presentation / Jury
    0
    Project
    0
    Seminar / Workshop
    0
    Oral Exam
    0
    Midterms
    1
    25
    25
    Final Exam
    1
    40
    40
        Total
    210

     

    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.
    -
    -
    -
    -
    -
    3

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

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

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