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:
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| Knowledge
(Described as Theoritical and/or Factual Knowledge.)
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1) Explains the basic mechanisms of international capital flows. Distinguishes between short-term and long-term capital flows.
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2) Explains the relation between the current and financial components of international economics.
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3) Knows the mechanisms of the market for foreign exchange in an economy. Explains the relation between the supply of and demand for foreign exchange and how the exchange rate forms through this relation.
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4) Understands and explains the role of Central Bank in foreign exchange market.
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5) Knows the financial history of world economy and the international conditions that brought about that history.
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6) Knows the history and function of the three major international economic institutions: IMF, World Bank and World Trade Organization. Knows in detail the role of IMF in world financial system.
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7) Knows the mechanism through which the world-wide financial crisis of 2008 happened. Knows the connection between financial and real sector that brought about the crisis. Knows and discusses the repercussions and future implications of the crisis.
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| Skills
(Describe as Cognitive and/or Practical Skills.)
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1) Knows the components and sub-components of external Balance of Payments sheet. Displays basic calculation skills amonf the components. Can fill out o Balance of Payments sheet when only some of the components are given.
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| 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.)
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| Week |
Subject |
Materials Sharing * |
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Related Preparation |
Further Study |
| 1) |
Introduction of the basic concepts and terminology. |
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| 2) |
History of world financial system I: From colonization to the end of the 2nd World War. |
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| 3) |
History of world financial system II: From Bretton-Woods to IMF-led neoliberalism. |
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| 4) |
International economic institutions and their functions: IMF, World Bank and World Trade Organisation. |
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| 5) |
The relation between international current flows and international financial flows |
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| 6) |
Formation of foreign exchange market. The supply and demand of foreign exchange. |
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| 7) |
The role of Central Bank in foreign exchange market: Making of the exchange rate policy. |
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| 8) |
Midterm |
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| 9) |
The components and sub-components of Balance of Payments sheet |
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| 10) |
Calculations of Balance of Payments sheet |
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| 11) |
A historical and critical analysis of the financialization of Turkish economy. Addressing of the problems that became evident in the Balance of Payments sheet. |
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| 12) |
International debt stock and the situation of Turkey in this regard. |
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| 13) |
The difference between short-term and long-term capital flows. Distinguishing these in the Balance of Payments sheet. The relation between short-term flows and exchange and interest rates. Calculation of the Arbitrage rate. |
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| 14) |
A critical analysis of the world financial crisis of 2008 (I): Build-up and bust |
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| 15) |
A critical analysis of the world financial crisis of 2008 (II): Aftermath, repercussions and implications for developing countries, especially Turkey. |
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(KPLOs and SPLOs are the abbreviations for Key & Sub- Programme Learning Outcomes, respectively. )
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Programme Learning Outcomes |
Contribution Level (from 1 to 5) |
1) |
Explain the basic, theoretical and practical information about foreign trade operations. |
4 |
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1.1 Explains the theoretical and practical knowledge of international trade and international economics. |
4 |
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1.2 List the basic functions and principles of foreign trade in import and export dimension and describe business processes. |
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1.3 List the delivery and payment methods used in foreign trade. |
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1.4 Explain free zones and foreign trade incentives and practices with examples. |
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2) |
Analyze the necessary information to follow international economic, political, cultural, social, legal and financial conjuncture. |
4 |
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2.1 Recall foreign trade legislation, customs legislation and other relevant legislation that form the legal framework of foreign trade. |
4 |
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2.2 Interprets knowledge and skills about basic knowledge and computer applications in finance and accounting. |
5 |
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2.3 Explain the basic principles and elements of commercial law. |
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2.4 Adapts international finance and accounting operations to operational activities. |
5 |
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2.5 Interprets Turkey's economy and information about the world economy. |
3 |
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3) |
Uses the administrative information required by international trade, logistics and customs procedures |
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3.1 Explain logistics and procurement processes. |
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3.2 Describe the application principles of customs clearance procedures and list the document preparation business processes. |
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3.3 Explains the basic, theoretical, practical and current knowledge in the field of business management. |
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3.4 Remember e-commerce, marketing and direct sales processes. |
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3.5 Explain the functions and processes of international marketing. |
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3.6 Relate basic business functions and business processes. |
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4) |
Applies the theoretical knowledge learned in business life for a semester. |
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4.1 Experiences all processes in business life. |
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4.2 Takes part in activities related to the field of education in a business operating in the field. |
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4.3 Questions the application with theoretical knowledge. |
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4.4 Compiles the knowledge and experience gained in the field.
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5) |
Acquires the competencies defined as the institutional outcomes of Beykoz University on the basic level, inline with the expectations of business world and the society |
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5.1 Acquires competency of analyzing and solving the problems. |
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5.2 Has awareness for ethical and social responsibility. |
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5.3 Takes responsibility as a team member in works and operations of his/her field. |
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5.4 Is aware of written, verbal communication and interaction. |
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5.5 Follows the developments of advanced technology and digital transformation. |
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5.6 Acquires the awareness for lifelong learning |
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5.7 Has awareness about citizenship competency. |
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5.8 Evaluates the developments of his/her field with the understanding of an entrepreneur. |
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5.9 Acquires communication in a Foreign Language (English) competence defined on the level of at least A2 in European Language Portfolio. (In programs whose medium of instruction is English, on the level of B1). |
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| WORKLOAD OF TEACHING & LEARNING ACTIVITIES |
| Teaching & Learning Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
| Course |
14 |
2 |
28 |
| 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 |
14 |
1 |
14 |
| Presentations / Seminar |
0 |
0 |
0 |
| Project |
0 |
0 |
0 |
| Homework Assignments |
1 |
8 |
8 |
| Total Workload of Teaching & Learning Activities |
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50 |
| WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES |
| Assesment & Evaluation Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
| Quizzes |
2 |
8 |
16 |
| Midterms |
1 |
1 |
1 |
| Semester Final Exam |
1 |
1 |
1 |
| Total Workload of Assesment & Evaluation Activities |
- |
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18 |
| TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) |
68 |
| ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) |
4 |
ECTS Information Package / Course Catalogue