International Trade and Finance (English)

USEFUL INFORMATION, RESOURCES & SERVICES FOR STUDENTSUSEFUL LINKS AND DOCUMENTS ADITIONAL & SUPPORTING INFORMATION

SECTION I: GENERAL INFORMATION ABOUT THE COURSE

Course Code	Course Name	Year	Semester	Theoretical	Practical	Credit	ECTS
60414MEEOZ-INT0045	International Finance	0	Spring	3	0	3	5

Course Type :
Cycle:	Bachelor TQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Language of Instruction:	English
Prerequisities and Co-requisities:	N/A
Mode of Delivery:	Face to face
Name of Coordinator:	Doçent Dr. MEHMET YEŞİLYAPRAK
Dersin Öğretim Eleman(lar)ı:	Doçent Dr. CANER ÖZDURAK
Dersin Kategorisi:

SECTION II: INTRODUCTION TO THE COURSE

Course Objectives & Content

Course Objectives:

The course aims at providing a solid understanding of international finance within a complex capital markets context. It emphasizes the managerial perspective of finance for a multinational corporation (MNC). Based on macroeconomic and institutional foundations, advanced techniques and instruments for managing the foreign exchange exposure and risk of MNCs are developed. The course further addresses international banking and money
markets. Students will be prepared to, and provided with the skills required for, international investment management, cross-border acquisitions, international capital budgeting, and multinational cash management and trade financing.

Course Content:

The economies of the world are increasingly interconnected. While 50 years ago, the primary economic links between countries were in the exchanges of goods, today financial flows are far consequential than trade. Trade finance, investment, loans, and foreign exchange transactions constitute a multi-trillion euro business annually. While these flows have helped fuel economic growth around the world, they also leave countries much more exposed to contagion from economic difficulties elsewhere. This course aims at providing a solid understanding of international economics and finance. We will explore balance of payments analysis, exchange rates and their determination, and financial globalization. We will look at the challenges and opportunities presented by single currency areas like the Euro area. We will discuss the downsides of financial globalization and examine how financial crises are transmitted internationally. Finally, we will explore how multinational firms use financial instruments to finance their operations and reduce risks.

Course Specific Rules

Course Learning Outcomes (CLOs)

Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:



Knowledge *(Described as Theoritical and/or Factual Knowledge.)*
1) Gains knowledge about the development of the international monetary system.
2) Gains knowledge and interprets the Balance of Payments Statement.
3) Knows foreign exchange markets and international parity conditions.
4) Knowledgeable about foreign exchange derivatives (Futures, Options) as well as interest rate risk and swaps.
5) Knows the risks of foreign exchange exposure (Transaction, Translation and Operating) and can make suggestions about what can be done to manage these risks.
6) Compares the cost of capital for multinational firms to domestic firms.
7) He/she is knowledgeable about the key documents in international trade finance, programs of government institutions related to export financing, alternatives of trade finance and forfaiting.
8) Discusses the structural choices for foreign market entry, political risks and its financial impacts.
Skills *(Describe as Cognitive and/or Practical Skills.)*
Competences *(Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)*

Weekly Course Schedule

Week	Subject	Materials Sharing *
		Related Preparation	Further Study
1)	Multinational Financial Management: Opportunities and Challenges	Textbook Materyal	- -
2)	The International Monetary System	Textbook Materyal	- -
3)	The Balance of Payments	Textbook Materyal	- -
4)	Financial Goals and Corporate Governance	Textbook Materyal	- -
5)	Foreign Exchange Market and International Parity Conditions	Textbook Materyal	- -
6)	Foreign Currency Derivatives: Futures & Options	Textbook Materyal	- -
7)	Interest Rate Risk and Swaps	Textbook Materyal	- -
8)	Midterm	- Materyal	- -
9)	Transaction Exposure	Textbook Materyal	- -
10)	Translation Exposure	Textbook Materyal	- -
11)	Operating Exposure (Competitive or Strategic Exposure)	Textbook Materyal	- -
12)	Global Cost and Availability of Capital, and Funding the Multinational Firm	Textbook Materyal	- -
13)	International Trade Finance	Textbook Materyal	- -
14)	Foreign Direct Investment and Political Risk	Textbook Materyal	- -
15)	Multinational Capital Budgeting and Cross-Border Acqusitions	Textbook Materyal	- -

*These fields provides students with course materials for their pre- and further study before and after the course delivered.

DERS ÖĞRENME ÇIKTILARI - PROGRAM ÖĞRENME ÇIKTILARI İLİŞKİSİ

Contribution of The Course Unit To The Programme Learning Outcomes

Ders Öğrenme Çıktıları (DÖÇ)	1	2	3	4	5	6	7	8
Program Öğrenme Çıktıları (PÖÇ)
1) To improve analytical thinking, problem solving in organizational issues, time management, self-discipline and communication skills
2) To learn and use the basic information, concepts and theories required in the field of international trade and finance
3) Except the core subjects of the business, to have knowledge about leadership, behavioral sciences, communication and entrepreneurship; in the field of service, mathematics, statistics, law, operations research, information processing and management information systems
4) To have awareness for ethical and social responsivity
5) Ability by supporting the learnt courses with quantitative and qualitative data; and by using verbal and visual communication means, to transfer them to the groups within and outside the group in a systematical and effective way
6) To be able to evaluate the norms and standards present in the works in which responsibility in a critical point of view are taken
7) Ability to develop strategical, innovative and entrepreneurial ideas
8) Ability to acquire competence of managing the change
9) To show development personally and socially with and awareness for lifelong learning
10) To follow advanced technologies and developments about digital transformation
11) To have cultural awareness and to be able to transfer this to the groups within and outside the field
12) To have awareness about citizenship competency
13) To acquire communication in a Foreign Language (English) competence defined on the level of at least B1 in European Language Portfolio. (In programs whose medium of instruction is English, on the level of B2/B2+)

SECTION III: RELATIONSHIP BETWEEN COURSE UNIT AND COURSE LEARNING OUTCOMES (CLOs)

Level of Contribution of the Course to PLOs

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Programme Learning Outcomes	Contribution Level (from 1 to 5)
1)	To improve analytical thinking, problem solving in organizational issues, time management, self-discipline and communication skills	3
2)	To learn and use the basic information, concepts and theories required in the field of international trade and finance
3)	Except the core subjects of the business, to have knowledge about leadership, behavioral sciences, communication and entrepreneurship; in the field of service, mathematics, statistics, law, operations research, information processing and management information systems	4
4)	To have awareness for ethical and social responsivity	3
5)	Ability by supporting the learnt courses with quantitative and qualitative data; and by using verbal and visual communication means, to transfer them to the groups within and outside the group in a systematical and effective way
6)	To be able to evaluate the norms and standards present in the works in which responsibility in a critical point of view are taken	3
7)	Ability to develop strategical, innovative and entrepreneurial ideas	3
8)	Ability to acquire competence of managing the change	2
9)	To show development personally and socially with and awareness for lifelong learning	3
10)	To follow advanced technologies and developments about digital transformation	3
11)	To have cultural awareness and to be able to transfer this to the groups within and outside the field	3
12)	To have awareness about citizenship competency	2
13)	To acquire communication in a Foreign Language (English) competence defined on the level of at least B1 in European Language Portfolio. (In programs whose medium of instruction is English, on the level of B2/B2+)	4

SECTION IV: TEACHING-LEARNING & ASSESMENT-EVALUATION METHODS OF THE COURSE

Teaching & Learning Methods of the Course

(All teaching and learning methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Teaching and Learning Methods defined at the Programme Level	Teaching and Learning Methods Defined for the Course

Assessment & Evaluation Methods of the Course

(All assessment and evaluation methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Aassessment and evaluation Methods defined at the Programme Level	Assessment and Evaluation Methods defined for the Course
Midterm
Final Exam
Quiz

Contribution of Assesment & Evalution Activities to Final Grade of the Course

Measurement and Evaluation Methods	# of practice per semester	Level of Contribution
Quizzes	1	% 10.00
Midterms	1	% 30.00
Semester Final Exam	1	% 50.00
Active Participation in Class	1	% 10.00
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

SECTION V: WORKLOAD & ECTS CREDITS ALLOCATED FOR THE COURSE

WORKLOAD OF TEACHING & LEARNING ACTIVITIES
Teaching & Learning Activities	# of Activities per semester	Duration (hour)	Total Workload
Course	14	3	42
Laboratory	0	0	0
Application	0	0	0
Special Course Internship (Work Placement)	0	0	0
Field Work	0	0	0
Study Hours Out of Class	0	0	0
Presentations / Seminar	0	0	0
Project	0	0	0
Homework Assignments	0	0	0
Total Workload of Teaching & Learning Activities	-	-	42
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES
Assesment & Evaluation Activities	# of Activities per semester	Duration (hour)	Total Workload
Quizzes	2	16	32
Midterms	1	15	15
Semester Final Exam	1	30	30
Total Workload of Assesment & Evaluation Activities	-	-	77
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities)			119
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h)			5

Course Notes / Textbooks:	Fundamentals of Multinational Finance (15th Edition, Global Edition), Authors: MICHAEL H. MOFFETT, ARTHUR I. STONEHILL, DAVID K. EITEMAN, Pearson Materyal
References:	Fundamentals of Multinational Finance (15th Edition, Global Edition), Authors: MICHAEL H. MOFFETT, ARTHUR I. STONEHILL, DAVID K. EITEMAN, pearson Materyal