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Academic Units

Course Syllabi

International Trade and Finance

COURSE SYLLABI


EC 121 INTRODUCTION TO ECONOMICS I
Year: 1
Term: Fall
Credit: 3
Description&Objectives:
This course emphasizes the microeconomics approach concerning households, firms, and market structures with a focus on price determination.  The course also discusses issues related to international trade and labor markets.
The objectives are:

  • To recognize the basic elements and terminology of economics,
  • To identify the basic economic problems households, companies and countries face,
  • To evaluate potential solutions to these problems by applying the key economic principles


MA 121 MATHEMATICS I
Year: 1
Semester: Fall
Credits: 3
Description&Objectives:
In economics and administrative sciences, mathematics constitutes one of the main instruments to prepare and use quantitative models useful for description, analysis and solution of problematic situations. The course is designed to provide a mathematical foundation, including multivariable calculus, integration, methods and applications of integration, matrix algebra, determinants and some economics and business applications, for those students who are enrolled in economics and administrative sciences.
The objectives are:

  • To become familiar with sets, the classification of numbers, to review exponents and radicals, to develop and to model situations described by linear or quadratic equations.
  • To understand functions and to graph equations
  • To develop the notion of lines, demand and supply curves, to sketch parabolas, to solve systems describing equilibrium and break-even points.
  • To study exponential functions and their applications to such as compound interest, to introduce logarithmic functions and their graphs.
  • To compute simple interest using the simple interest formula, to compute compound and continuous compound interest, to compute the future value of an annuity, develop a strategy for solving mathematics of finance problems.
  • To develop and apply probability and statistics
  • To study limits and continuity
  • To define a derivative and to develop differentiation rules and the concept of marginal revenue.
  • To give a mathematical analysis of the economic concept of elasticity.
  • To sketch the curves, to model situations involving maximizing and minimizing a quantity.

 

BA 101 INTRODUCTION TO BUSINESS ADMINISTRATION
Year: 1
Semester: Fall
Credits: 3
Description&Objectives:
Course will examine major activities of a business such as business organization, marketing, management, finance, and accounting. Different forms of business ownership will be discussed, emphasizing free enterprise.
The objectives are:

  • Introduce  the student to modern concepts of business administration.
  • Focus on managing resources, stakeholder management, motivational skills and mentoring skills.
  • Define modern methods of management accounting, effective management report writing, use of computers, problem solving and decision making.
  • Focus on methods of enquiry, scoping of assignments, report writing, problem solving and decision making, management of risks, understanding the concept of value-added delivery.
  • Effective Presentation skills - Using Microsoft PowerPoint, illustrate tips for putting together visual presentations, public speaking, how to address people, how to gain audience participation and getting the best from people.
  • Examine the concepts of strategic planning assignments.

 

EL 101 ENGLISH I
Year: 1
Semester: Fall
Credits: 3
Description&Objectives:
Students to acquire and develop skills in the following areas: Writing, reading, communication and study skills.
The objectives are:

  • To increase students’s efficiency in their academic work by teaching the necessary skills required for successful academic study.
  • To develop students proficiency in spoken English and equipping them with the specific terminology of their chosen field of study.

 

IT 103 INTRODUCTION TO COMPUTING AND INFORMATION TECHNOLOGY
Year: 1
Semester: Fall
Credits: 3

Description&Objectives:
For personal or corporate use, computer applications are about communication, data management and calculation are taught.
The objectives are:

  • To explain the basic knowledge of computers and operating systems.
  • To teach the Office applications and using methods for different purposes.
  • To provide the information about modeling and structure of programs.

 

AT 211 PRINCIPLES OF ATATURK AND HISTORY OF TURKISH REPUBLIC I
Year: 1
Semester: Fall
Credits: 2
Description&Objectives:
Informing the students about our recent history. Important events and developments between Tanzimat and the establishment of Turkish Republic is also a fundamental part of the course. Principles of Ataturk is another topic, which will be discussed in detail.

EC 122 INTRODUCTION TO ECONOMICS II
Year: 1
Term: Spring
Credit: 3
Description&Objectives:
This course will provide an overview of macroeconomic issues: the determination of output, inflation, unemployment, monetary and fiscal policies, exchange rates and international economic issues.
The objectives are:

  • To recognize the basic elements and terminology of macroeconomics,
  • To identify the basic macroeconomic problems countries face,
  • To evaluate potential solutions to these problems by applying the key economic principles.

 

MA 122 MATHEMATICS II
Year: 1
Semester: Spring
Credits: 3


Description&Objectives:
In economics and administrative sicences, mathematics constitute one of the main instruments to prepare and use quantitative models useful for description , analysis and solution of problematic situations. The course is designed to provide a mathematical foundation, including multivariable calculus, integration, methods and applications of integration, matrix algebra, determinants and some economics and business applications, for those students who are enrolled in economics and administrative sciences.
The objectives are:

  • To identify and evaluate functions of two or more independent variables and to solve problems involving Lagrange multipliers
  • To define the antiderivatives and the indefinite integral and to apply basic integration formulas
  • To apply the properties of the definite integral and be able to evaluate definite integrals
  • To determine the area, and solve an application involving income distribution
  • To evaluate consumers’ and producers’ surplus
  • To develop and apply the formula for integration by parts
  • To introduce the concept of matrix and determinants
  • To solve applications using matrix equations
  • To formulate and solve the two-and three-industry model of Leontief input-output analysis

 

BA 106 INTRODUCTION TO LAW
Year: 1
Semester: Spring
Credits: 3
Description&Objectives:
The broad objective of this course is to enable students to respond sensibly to the impact of law on daily life. In addition, this course aims to enhance knowledge and understanding of law and society, learn the meanings of common legal terms, locate and cite legal information, and develop an understanding of the fundamentals of Turkish Law. What is law; the Development of law; the Categories of law; how laws are made; the Court system, Criminal Law; Family Law; Environmental Law; International Law.

EL 102 ENGLISH II
Year: 1
Semester: Spring
Credits: 3
Description&Objectives:
Students to acquire and develop skills in the following areas: writing, reading, communication and study skills.
The objectives are:

  • To increase student’s efficiency in their academic work by teaching the necessary skills required for successful academic study.
  • To develop students proficiency in spoken English and equipping them with the specific terminology of their chosen field of study.

 

PS 112 INTRODUCTION TO SOCIOLOGY
Year: 1
Semester: Spring
Credits: 3
Description&Objectives:
The aim of this course is to introduce the basic theories, approaches, and tools that sociologists use to understand society. Throughout the course, we will learn important concepts such as ‘society’, ‘social structure’, ‘socialization’, ‘class’, ‘culture’, ‘values and norms’, and ‘identity’. One of the important goals of the course is to encourage students to step out of their private lives and identities and view social issues around them from a sociological perspective. We will also get familiar with some of the important issues that sociologists discuss and research.  

AT 212 PRINCIPLES OF ATATURK AND HISTORY OF TURKISH REPUBLIC II
Year: 1
Semester: Spring
Credits: 2
Description&Objectives:
Informing students about our recent history is one of the leading objectives of this course. Istiklal Savasi and various reforms realized after the establishment of Turkish Republic will also be discussed.

EC 223 INTERMEDIATE MICROECONOMICS
Year: 2
Term: Fall
Credit: 3
Description&Objectives:
The purpose of this course is to provide students with a sound understanding of microeconomic theory and issues. As it implies, microeconomics deals with the individual: the individual consumer, the individual firm, and the individual industry as they make decisions that affect the allocation of resources in the economy. Therefore, this course discusses the method of economics, scarcity of resources, the interaction of consumers and businesses in the marketplace, and how the market system places a value on factors of production.  
The objectives are:

  • To provide students with a sound understanding of microeconomic theory and issues,
  • Develop analytical and critical thinking and also problem-solving skills within the framework of economic thinking,
  • To provide students with the knowledge and practical methods to apply the general principles of microeconomics to business problems

 

SC 201 INTRODUCTION TO STATISTICS
Year: 2
Term: Fall
Credit: 3
Description&Objectives:
An introduction to descriptive and inferential statistical concepts and methods for the purpose of decision making in business and social sciences.  Topics include grouping of data, measures of central tendency and dispersion, probability concepts, sampling, statistical estimation, and statistical hypothesis testing.
The objectives are:

  • An understanding of fundamental concepts of statistics.
  • Apply proficiently various statistical methods to data.
  • Understand probability theory and be able to use it for solving problems encountered in business.
  • A basic understanding of Computer Applications Excel and skill in use of this application to solve statistical problems.
  • Becoming familiar with statistical methods used for collecting, analyzing, and    interpreting data and interpret statistical results.

 

BA 213 INTRODUCTION TO ACCOUNTING
Year: 1
Semester: Spring
Credits: 3
Description&Objectives:
The art, science and practice concerned with a systematic identifying, collecting, recording, classifying and summarizing in a significant manner and in terms of money, exchange transactions or equivalent economic events of a financial character and interpreting and reporting the results.
The objectives are:

  • To analyze economic events affecting a business and describe their impact on financial statements.
  • To define and explain the basic assumptions, principles, and generally accepted accounting principles (GAAP).
  • To show the proper entries to record the transactions of organizations in double entry system.
  • To explain the accrual basis of accounting and its implications for reporting revenues and expenses in the income statement.
  • To explain and describe the two basic financial statements and  reports for internal and external use.

 

EL 201 ENGLISH III
Year: 2
Semester: Fall
Credits: 3
Description&Objectives:
Students to acquire and develop skills in the following areas: writing, reading, communication and study skills.  
The objectives are:

  • To increase student’s efficiency in their academic work by teaching the necessary skills required for successful academic study.
  • To develop students proficiency in spoken English and equipping them with the specific terminology of their chosen field of study.

 

TD 101 TURKISH LANGUAGE I
Year: 2
Semester: Fall
Credits: 2
Description&Objectives:
Content of the course depends on argumentative essays and analysis of them. Reading material also includes articles about the history of Turkish Language, short paragraphs and argumentative essays as well as an essay-type book written by a Turkish writer.
The objectives are:

  • To provide students an historical perspective about Turkish Language,
  • Improving critical reading and writing in Turkish,
  • Analysing argumentative essays,
  • Joining a process of production of knowledge through communication, writing a book review, gaining knowledge about academic ethics.

 

EC 224 INTERMEDIATE MACROECONOMICS
Year: 2
Term: Spring
Credit: 3
Description&Objectives:
EC 224 is an extension of the basic topics on macroeconomics treated in the Introduction to Economics. This course introduces students to the basics of macroeconomic theories, models and issues. Therefore, the course will present macroeconomic theories and models and show how they are used with real world applications. The emphasis of the course will be on this analytic thinking.
The objectives are:

  • To introduce the students the concepts, principles and applications of macroeconomics,
  • To provide students with a sound understanding of macroeconomic theory, models, and issues,
  • To provide students with the knowledge and practical methods to apply macroeconomic models to various economic problems and issues,
  • Develop analytical and critical thinking and also problem-solving skills within the framework of economic thinking.

 

BA 212  INTERMEDIATE ACCOUNTING
Year: 2
Semester: Fall
Credits: 3
Description&Objectives:
On successful completion of this course students will:

  • Define function and role of accounting in business.
  • Define basic assumption and generally accepted accounting principles.
  • Explain the accrual basis of accounting and its implications for reporting revenues and expenses in the income statement.
  • Analyze the economic events that affect a business and describe their impact on financial statements
  • Prepare the basic financial statements of a company and their internal and external use.

 

IF 202 INTRODUCTION TO FINANCE
Year: 2
Term: Spring
Credit: 3
Description&Objectives:

This course is designed to be an introduction to corporate finance and financial management. The course is designed to familiarize students with the theoretical and practical issues relating to financial management as well as giving some lessons of financial markets. The main themes of the course are the conflicts of interest, the time value of money, bond valuation, stock valuation, dividends, Net Present Value (NPV) calculation, Discounted Cash Flow (DCF) analysis, project analysis, corporate investment and financial planning, options, and international finance.

Student who passes the course will be able to understand the basic principles and concepts of finance, understand the roles and functions of different financial instruments, use the basic techniques and analysis methods to solve finance problems, has a sound background in finance to undertake more specialized studies in finance.

EL 202 ENGLISH IV
Year: 2
Semester: Spring
Credits: 3
Description&Objectives:
Students to acquire and develop skills in the following areas: writing, reading, communication and study skills.
The objectives are:

  • To increase student’s efficiency in their academic work by teaching the necessary skills required for successful academic study.
  • To develop students proficiency in spoken English and equipping them with the specific terminology of their chosen field of study.

 

TD 201 TURKISH LANGUAGE II
Year: 2
Semester: Spring
Credits: 2
Description&Objectives:
This course covers the following subjects: The rise of the Turkish novel, the relation of Turkish novel with traditional genres, some key terms in narratology such as narrator, narrative modes and characterization etc., close reading techniques, Turkish novel from 50’s to 2000’s, short story and poem in Turkish.
The objectives are:
To give an idea about different literary genres such as novel, short story and poem and to concentrate on some Turkish examples. The course aims to provide knowledge about literary terms as well as historical perspective concerning these genres.

IF 321 FINANCIAL ECONOMICS
Year: 3
Term: Fall
Credit: 3
Description&Objectives:
Topics to be covered can be grouped under 3 headings:

  • Finance under Certainty with a Perfect Capital Market.  In such a world trust prevails, no cheating occurs, expectations are realized and therefore bankrupcy is out of question etc. This admittedly unrealistic and simplified world – once grasped- makes focusing on and understanding the basic financial issues easier.   These are: consumer financial decisions, wealth creation by investing in productive opportunities, valuing firms, firm financing and investment decisions.
  • Some conceptual tools to cope with uncertainty: examples would involve

Asymmetric information, contingent claims…

  • Finance under Uncertainty where Capital Markets are risky or How to proceed in the real world. We will see some examples of how capital market imperfections change the simple decision rules valid for “the certain – i.e. UNREAL- world”. Examples include credit decisions under adverse selection, bankrupcy and bankrupcy costs…


The purpose of this course is to provide a firm foundation for the discipline known as Financial Economics. This involves the application of the basic neoclassical microeconomics framework to situations where financial claims-rather than goods and services- are traded. Every effort will be made to link the theory to the real world, however the subject matter dictates a certain amount of rigor.

IF 303 FINANCIAL MANAGEMENT
Year: 3
Term: Fall
Credit: 3
Description&Objectives:
The course is intended to allow students to understand the financial decision making process and its role in maximizing firm value. It discusses investment in long-term assets, long-term financial decisions and short-term financial decisions.
The course builds upon IF 202 Introduction to Finance, and hence the students are expected to have a basic understanding of the fundamental finance concepts and principles: financial markets and interest rates, time value of money and risk-return trade-off.
Accordingly the emphasis will be placed upon the following: valuation of financial assets, investment in long-term assets, long-term financial decisions and short-term financial decisions.
The course objectives are as follows:

  • To understand the role of the finance function in corporations and how financial managers can help maximize firms’ value.
  • To understand the basic principles of financial management that will allow them to undertake more specialised studies in finance.
  • To develop a working knowledge of quantitative tools and techniques for solving financial problems.

 

 

EC 327 INTERNATIONAL ECONOMICS
Year: 3
Term: Fall
Credit: 3
Description&Objectives:
This course seeks to examine and discuss contemporary features of international economic relations. It aims to place these within a broader historical as well as theoretical context. It adopts a mixture of ‘political economy’ framework and a standard ‘mainstream’ often also called ‘neo-classical’ approach to the study of international economics. The course aims to develop an analysis and a deeper understanding of the the causes and consequences of international trade, motives and gains from trade, instruments of trade policy and to asses the effects of international trade. The course locates these analysis and trade policy on the welfare of an open economy. Gains from Trade, Adam Smith and Free Trade, Absolute Advantage, Ricardian Comparative Advantage, Specific Factors Model, Hecscher-Ohlin Model, Standard Trade Model, External and Internal Economies of Scale in International Trade, instruments of trade policy, balance of payments.

IF 307 FINANCIAL INSTITUTIONS AND MARKETS
Year: 3
Term: Fall
Credit: 3
Description&Objectives:
The course is intended to provide students with an introduction to the financial markets and institutions and their role in increasing economic efficiency.

The objective is: To understand the fundamentals of the workings of financial markets and institutions.  


IF 308 TURKISH BANKING AND FINANCIAL SYSTEM
Year: 3
Term: Spring
Credit: 3
Description&Objectives:
The course is intended to provide students a broad understanding of the roles of banks and the structure of the banking industry in Turkey and in some other countries. It builds upon IF 307 Financial Institutions and Markets. Accordingly, after reviewing the basics of the financial markets and institutions, the focus will be on the banking and banking industry.

The objectives are:

  • To understand the fundamentals of the workings of financial markets and institutions with a focus on banking.
  • To have a knowledge and understanding of the roles and functions of different types of banks
  • To have knowledge of the structure of the banking industries in the EU, US and in emerging markets
  • To understand the banking industry in Turkey, its historical development and current status



IF310 INTERNATIONAL TRADE AND INVESTMENT
Year: 3
Semester: Spring
Credits: 3
Description&Objectives:

IF 316 CORPORATE FINANCE
Year: 3
Term: Spring
Credit: 3
Description&Objectives:
The course builds upon IF 303 Financial Analysis and requires that the students have a basic understanding of the fundamental finance concepts and principles. The course discusses in detail the following topics in corporate finance: common stock and the investment banking process, long-term debt, hybrid and derivative securities, corporate restructuring and international managerial finance, options and risk management and corporate governance.
The objectives are:

  • To provide an in-depth knowledge of the central topics in corporate finance.
  • To give a working knowledge of the theories, and the tools and techniques necessary for understanding and solving real life financial management problems. To undertand the framework on theory of CAPM and to understand risk and return. To provide an overview on alternative choices of capital structure and methods of capital budgeting.
  • To teach how to conduct research on a course related subject of interest, and prepare and present reports in groups, and in written and orally. To introduce the topics of mergers and acqisitions and corporate governance.


BA 216 BUSINESS LAW
Year: 3
Semester: Spring
Credits: 3  


Description&Objectives:
What is law; the Development of law; the Categories of law; How laws are made; the Court system, Criminal Law; Family Law; Environmental Law; International Law.
The broad objective of this course is to enable students to respond sensibly to the impact of law on daily life. In addition, this course aims to enhance knowledge and understanding of law and society, learn the meanings of common legal terms, locate and cite legal information, and develop an understanding of the fundamentals of Turkish Law.

IF 411 FINANCIAL DERIVATIVES
Year: 4
Term: Fall
Credit: 3
Description&Objectives:
The course is designed to familiarize the student with the pricing, trading and hedging methods of four classes of financial derivatives; forwards, futures, options and swaps. Emphasis will be given to specific derivatives in the foreign currency, money, fixed income and equity markets. EXCEL software will be used extensively throughout the semester.
Students will learn the four types of financial derivatives; forwards, futures, swaps, and options. To introduce specific instruments like FX forwards, FRAs, FX and interest rate and bond futures, money and interest rate swaps, caps, collars, dual currency deposits, currency, equity and commodity options. To teach students how to price and trade each instrument for hedging, arbitrage and speculation purposes.To teach students how to model these instruments/products by using EXCEL software.

IF 413 PORTFOLIO MANAGEMENT AND ANALYSIS
Year: 4
Term: Fall
Credit: 3
Description&Objectives:
The course is designed to present students the knowledge of the wealth management, modern portfolio theory, fixed-income portfolio management strategies and use of Monte Carlo Simulation in portfolio management. To introduce the students to behavioral finance concepts and investor irrationality issues and applications in the global asset allocation and asset management industry will also be covered. Quantitative models will be taught by Excel software.  
To teach students how to identify the risk/return profile of the investors. To teach students the wealth management process and behavioral finance concepts. To introduce modern portfolio theory i.e. Markowitz and Sharpe models. To teach students the use of linear programming and formula plans in portfolio management. To cover duration, immunization and yield-spread trading concepts of fixed-income portfolio management. To teach students how to model these techniques by using EXCEL software.

IF 409 INTERNATIONAL TRADE FINANCING
Year: 4
Term: Fall
Credit: 3
Description&Objectives:
The purpose of this course is to provide students with a sound understanding of international trade issues. The course discusses the methods of financing international trade. This course also applies the theory to the real world through the use of a case study. This course is specifically designed for international trade and finance majors.
This course is designed to give students an understanding of the theories and models of international trade and the methods of financing international trade, and be able to apply them to the real world. By the completion of this course, students should be able to gain an understanding of and interpret the international trade issues.

IF 418 MULTINATIONAL FINANCIAL MANAGEMENT
Year: 4
Term: Spring
Credit: 3
Description&Objectives:
The course is intended to inform students about management policies, international financial relations of multinational firms and international risk types.
The objectives are:

  • To provide an in-depth knowledge of management policies and international financial relations of multinational firms,
  • To examine the factors that determine foreign  investments,
  • To examine international risk types and their effects on multinational firms,
  • To provide information about foreign trade practices and international tax environment.