COURSE INFORMATION Course Title: INTERNATIONAL FINANCE

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BAF 413	B	1	3	0	0	3	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Nertil Mera , Thursday: 17:00 - 18:00 PM
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:	E-212: 18:00 - 20:45 PM
Course Description:	BAF 413- International Finance: Introduction to exchange rate, the market for foreign currency, exchange rate regimes, international monetary system, balance of payments, prices in the open economy, financial markets in the open economy, managing operating exposure, managing transaction exposure, forward, futures and options markets, international banking, souring debt internationally, souring equity internationally.
Course Objectives:	The primary objective of this course is to aid the students with the understanding of the global financial environment. To help them comprehend global markets with all the different currency regimes and provide them with a financial management dimension of working internationally.

COURSE OUTLINE

Week	Topics
1	Review of Syllabus: An Overview of the Course
2	International Flow of Funds
3	International Financial Markets
4	Exchange Rate Determination
5	Currency Derivatives and Government Influence on Exchange Rates
6	International Arbitrage and Interest Rate Parity
7	Relation among Inflation, Interest Rates and Exchange Rates
8	Midterm Exam
9	Forecasting Exchange Rates
10	Measuring Exposure to Exchange Rate Fluctuations
11	FDI and the Financing of International Trade
12	Presentation of Term Projects
13	Presentation of Term Projects
14	Review Before Final Exam

Prerequisite(s):	-
Textbook:	Madura, J. (2014) International Financial Management, 12th Edition
Other References:	Makin, A. J. (2017) International Money and Finance, 1st Edition, Routledge Publishing. Gandolfo, G. and Federici, D. (2016) International Finance and Open Economy Macroeconomics, 2nd Edition, Springer Publishing. Melvin, M. and Norrbin S. C. (2013) International Money and Finance, 8th Edition, Academic Press- Elsevier Bekaert, G. and Hodrick, R. (2011) International Financial Management, 2nd Edition, The Prentice Hall Series in Finance.
Laboratory Work:
Computer Usage:	Possible
Others:	No

COURSE LEARNING OUTCOMES

1	To understand the global financial environment
2	To understand effects of globalization process
3	To understand how the international monetary system works
4	To analyze different foreign exchange rate systems
5	To understand the way exchange rates are determined.
6	To understand the foreign currency derivatives
7	To understand the foreign exchange exposure
8	To understand the balance of payments and its role
9	To analyze the foreign direct investments
10	To understand the ways international trade is financed

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Banking and Finance Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the finance and banking.	5
3	They have knowledge about the money and banking.	5
4	They have knowledge about the international finance and banking.	5
5	They have ability to use mathematical and statistical methods in banking and finance.	4
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	3
7	They have necessary banking and finance skills that needed in private and public sector.	4
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	4
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	4
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	25
Project	1	20
Quiz	1	5
Final Exam	1	40
Attendance		10
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	2	32
Mid-terms	1	10	10
Assignments	1	30	30
Final examination	1	15	15
Other	1	15	15
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6