International Finance (ECON 345)

2022 Spring
Faculty of Arts and Social Sciences
İnci Gümüş,
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Basic concepts, tools and facts needed for the macroeconomic analysis of open economies: national income accounting and the balance of payments; the relationship between interest rates and exchange rates; the behavior of prices, interest rates, nominal and real exchange rates and output under fixed and flexible exchange rate regimes and different international capital flow systems; financial crises and international macroeconomic interdependence.


  • Analyze theoretical and practical issues regarding international macroeconomics.
  • Analyze the effects of monetary and fiscal policies at the international level.
  • Assess the costs and benefits of different exchange rate regimes.
  • Understand major issues in international finance.


1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 4

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 4

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 4

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 4

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 2

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 4

1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 5

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 5

3. Recognize how incentives shape the behavior of individuals and organizations. 5

4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 5

1. Analyze global affairs from international relations and economics perspectives. 5

2. Demonstrate theoretical and practical knowledge of the international affairs. 2

3. Compete for increasing opportunities in careers within the newly emerging global institutions. 4

4. Evaluate the international political events and present their views and positions on international affairs with advanced oral and written skills. 1


  Percentage (%)
Final 70
Midterm 30