Course Syllabi
EC 121 INTRODUCTION TO ECONOMICS I
Type of Course: Theoretical
Year: 1
Term: Fall
Credit: 3
Objective:
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
Contents:
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.
References:
Mankiw N. Gregory, Principles of Economics, 5th Edition, Cengage learning, 2008.
Hamermesh, Daniel S., Economics is Everywhere, McGraw-Hill/Irwin, 2003.
Teaching Methods: In class lectures
Assessment Tools: Midterm exam, quizzes, and final exam
Instruction Language: English
MA 121 MATHEMATICS I
Type of Course: Lecture + Associated Classes
Year: 1
Semester: Fall
Credits: 3
Objective:
This course provide the mathematical basis for students of management, economics and international finance by introducing them with the most important mathematical tools and methods that are needed in business, economics and international finance context.
Contents:
An overview of Radicals, Exponents and Basic Mathematical Formulas; Polinomy; Logarithms; Set theory: Intervals, Absolute value, Boole algebra, Morgan rule; Probability; Functions; Series; Mathematics of finance: Compound interest, Present Value, Future value; Slope and Equations of lines; Rules for differentiation; Elasticity; Limit; Graphs of functions
Recommended Reading:
Ernest F. Haeussler, Jr. and Richard S. Paul (1999). Introductory Mathematical Analysis, 9th ed., Prentice-Hall, London
Teaching Methods:
Projects/Teamwork: Students form a team (3-4 students per team). Teams of students will prove the mathematical formulas that are given by the instructor. The performance of the students is measured by their researches and presentations.
Assessment tools: Homework, Attendance, One midterm exam, Final exam
Instruction Language: English
BA 101 INTRODUCTION TO BUSINESS ADMINISTRATION
Type of Course: Lecture
Year: 1
Semester: Fall
Credits: 3
Objective:
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
Contents:
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.
Prerequisite(s) by topic:
Business Management with the Managerial and Organizational Functions
Recommended Reading:
The textbook: Understanding Business, W.G.Nickels et al., 7th edition, McGraw Hill, 2005
Other references:
Also a list of articles for each topic is given to students in each class.
Teaching methods:
Computer usage: The students will be able to study and solve the problems given in textbook’s CD as well as website of the author. Also in the visa project process, students will use internet for research because of not being able to find a lot of published reference on the brand new topic.
Projects /Teamwork: A Mid-term project for each student as visa will be given by instructor on a topic which will be chosen as a brand new issue. The topic will be defended at visa exam hour orally, also submitting a written copy of totally ten pages, at least including three pages of theoretical study and seven pages of practical study for a real company which the student will study on it physically or virtually through internet. A references page and related figures, graphs and images should also be included besides those ten pages.
Assessment Tools: one term project; one final exa
Instruction Language: English
EL 101 ENGLISH I
Type of Course: Lecture and Workshop
Year: 1
Semester: Fall
Credits: 3
Objective:
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.
Contents:
Students to acquire and develop skills in the following areas.
Writing
Reading
Communication
Study Skills
Recommended Reading :
A wide range of daily newspapers;
Periodicals, eg: The Economist;
Newsweek; Time.
Student’s own course book.
Weekly prepared materials on current issues.
A Thesaurus.
Teaching Methods:
Lecture, Workshops, Seminairs, Interactive Student activities, Debates/Discussions on current issues
Presentation/Oral Practice Student projects and research.
Assessment tools:
Two mid term examinations, one final examination end of term Oral Assessment Continuous Assessment for coursework and participation.
Instruction Language:
English
BA 131 COMPUTER APPLICATIONS
Type of Course: Laboratory
Year: 1
Semester: Fall
Credits: 3
Objective
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
Contents:
For personal or corporate use, computer applications are about communication, data management and calculation are taught.
Recommended Reading:
Microsoft Office XP Standard for Students and Teachers
Redmond, Wash; Microsoft Office 97 Professional step by step, Microsoft Press, 1997.
Teaching Methods:
Computer usage, the student will use Microsoft Office Package.
Assessment Tools: Midterm exam, Final exam
Instruction Language: English
AT 211 PRINCIPLES OF ATATURK AND HISTORY OF TURKISH REPUBLIC I
Type of Course: Lecture
Year: 1
Semester: Fall
Credits: 2
Objective and Contents:
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.
Textbook/Recommended Reading:
Türk Devrim Tarihi, Toktamış Ateş, Der Yayınları, 1993
Teaching Methods: Lecture, class discussions
Assessment tools: Midterm exams, final exam
Instruction Language: Turkish
EC 122 INTRODUCTION TO ECONOMICS II
Type of Course: Theoretical
Year: 1
Term: Spring
Credit: 3
Objectives:
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.
Contents:
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.
Recommended Readings:
Gregory N. Mankiw, Principles of Economics, 5th Edition, Cengage Learning, 2008. Gregory N. Mankiw, Macroeconomics. 5th Edition, New York: Worth Publishers, 2003.
Teaching Methods: In class lectures
Assessment Tools: Midterm exam, quizzes, and final exam
Instruction Language: English
MA 122 MATHEMATICS II
Type of Course: Lecture + Associated Classes
Year: 1
Semester: Spring
Credits: 3
Objective:
The purpose of this course is giving the mathematical techniques, formulas and methods to students in order to support in solving economic, business and financial problems.
Contents:
An overview of Mathematics 1 topics; Multivariable Functions: Partial Derivatives, Maxima and Minima for functions of multivariables, Lagrange Multipliers, optimization of multivariable functions; Taylor and Maclauren Series; Character analysis of series, divergent and convergent series, Matrix Algebra: Matrices, Matrix Multiplication, Inverses, Determinants, Cramer’s rule
Prerequisite by Topic: Derivatives; Limits; Absolute value
Recomended Reading:
Ernest F. Haeussler, Jr. and Richard S. Paul (1999). Introductory Mathematical Analysis, 9th ed., Prentice-Hall, London
Teaching Methods:
Projects/Teamwork: Students form a team (3-4 students per team). Teams of students will prove the mathematical formulas that are given by the instructor. The performance of the students is measured by their researches and presentations.
Assessment tools: Homework’s, Attendance, One midterm exam, Final exam
Instruction Language: English
BA 106 INTRODUCTION TO LAW
Type of Course: Lecture
Year: 1
Semester: Spring
Credits: 3
Objective And Contents:
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.
Recommended Reading:
Seref Gözübüyük (1997). Introduction to Fundamental Concepts of Law. Turan, Ankara.
Teaching Methods: Classroom Discussion
Assessment Tools: One Midterm and Final exam.
Instruction Language: English and Turkish
EL 102 ENGLISH 2
Type of Course: Lecture and Workshop
Year: 1
Semester: Spring
Credits: 3
Objective:
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.
Contents:
Students to acquire and develop skills in the following areas.
Writing
Reading
Communication
Study Skills
Recommended Reading:
A wide range of daily newspapers;
Periodicals, eg: The Economist;
Newsweek; Time.
Student’s own course book.
Weekly prepared materials on current issues.
A Thesaurus.
Teaching Methods:
Lecture, Workshops, Seminars, Interactive Student activities, Debates/Discussions on current issues
Presentation/Oral Practice Student projects and research.
Assessment tools:
Two midterm examinations, one final examination end of term Oral Assessment Continuous Assessment for coursework and participation.
Instruction Language:
English
BA 104 INTRODUCTION TO ACCOUNTING
Type of Course: Lecture
Year: 1
Semester: Spring
Credits: 3
Objective:
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.
Contents:
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
Recommended Reading:
Charles T.Horngren, W.T.Harrison, L.S.Bamber, Accounting, Prentice-Hall International, Inc. USA
Kizil, Ahmet, Accounting and Tax Applications, Der Yayınları, Istanbul
Teaching Methods: Classroom Discussion
Assesment tools: Homeworks, two midterm exams, final exam.
Instruction Language: English
AT 212 PRINCIPLES OF ATATURK AND HISTORY OF TURKISH REPUBLIC II
Type of Course: Lecture
Year: 1
Semester: Spring
Credits: 2
Objective and Contents:
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.
Textbook/Recommended Reading:
Türk Devrim Tarihi, Toktamış Ateş, Der Yayınları, 1993.
Teaching Methods: Lecture, class discussions
Assessment tools: Midterm exams, final exam
Instruction Language: Turkish
EC 223 INTERMEDIATE MICROECONOMICS
Type of Course: Theoretical
Year: 2
Term: Fall
Credit: 3
Objective:
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
Content:
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
Recommended Reading:
Campbell R. McConnell and Stanley L. Brue, Economics: Principles, Problems, and Policies, 14th Edition, International Edition, The McGraw-Hill: 1999
Robert H. Frank and Ben S. Bernanke, Principles of Microeconomics, 4th Edition, McGraw-Hill International Edition: 2009
Michael Parkin, Microeconomics, 8th Edition, Addison-Wesley: 2007
Teaching Methods: In class lectures
Assessment Tools: Midterm exam, homework, project and final exam
Instruction Language: English
SC 201 STATISTICS
Type of Course: Theoretical
Year: 2
Term: Fall
Credit: 3
Objective:
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.
Content:
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.
Recommended Reading:
Lind, D. A., Marchal, W.& Wathen, S.A., Statistical Techniques in Business and Economics, McGraw-Hill, Fourth Edition, 2009.
Groebner, Shannon, Fry & Smith; Pearson-Prentice Hall, Business Statistics: A Decision-Making Approach, 6th Edition, 2005 (or Seventh Edition), OR any other basic Business Statistics textbook.
Teaching Methods: In class lectures and laboratory works
Assessment Tools: Midterm exam, homework, project, quizzes, laboratory works and final exam
Instruction Language: English
BA 211 INTERMEDIATE ACCOUNTING
Type of Course: Lecture
Year: 2
Semester: Fall
Credits: 3
Objective:
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.
Contents:
Valuation Methods, Valuation of Assets and Liabilities, Adjusting process, adjusting the accounts, Recording the adjusting entries, Uniform Turkish Accounting System, Financial Statements.
Prerequisite by Topic: None
Recommended Reading:
Charles T.Horngren, W.T.Harrison and L.S.Bamber (2001). Accounting, Prentice-Hall International, Inc. USA
Ahmet Kızıl (2006), Accounting and Tax Applications, Bahar Yayınevi, Istanbul
Teaching Methods: Lecture/classroom discussion
Assessment tools: Homework, two midterm exams, final exam.
Instruction Language: English
EL 201 ENGLISH 3
Type of Course: Lecture and Workshop
Year: 2
Semester: Fall
Credits: 3
Objective:
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.
Contents:
Students to acquire and develop skills in the following areas.
Writing
Reading
Communication
Study Skills
Recommended Reading:
A wide range of daily newspapers;
Periodicals, eg: The Economist;
Newsweek; Time.
Student’s own course book.
Weekly prepared materials on current issues.
A Thesaurus.
Teaching Methods:
Lecture, Workshops, Seminars, Interactive Student activities, Debates/Discussions on current issues
Presentation/Oral Practice Student projects and research.
Assessment tools: Two midterm examinations, one final examination end of term Oral Assessment Continuous Assessment for coursework and participation
Instruction Language: English
TD 101 TURKISH LANGUAGE I
Type of Course: Blackboard
Year: 1
Semester: Fall
Credits: 2
Objective:
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.
Content:
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.
Recommended Reading:
Necmiye Alpay, Türkçe Sorunları Kılavuzu, Metis Yayınları, 2000.
Necmiye Alpay, Dilimiz, Dillerimiz, Metis Yayınları, 2004
Ömer Asım Aksoy, Dil Yanlışları. İnkılap, 2008.
Andrew Goatly, Critical Reading and Writing, London and New York, Routledge, 2000.
Astrid Menz, ve Christoph Schroeder (Der.). Türkiye’de Dil Tartışmaları. İstanbul Bilgi Üniversitesi Yayınları, 2008.
Dorothy E. Zemach, College Writing From Paragraph to Essay, Macmillan, 2003.
Teaching Methods: Reading, writing and discussion.
Assessment tools: Participation to discussions, course work, writing a criticism, midterm exam, final exam.
Instruction Language: Turkish.
EC 224 INTERMEDIATE MACROECONOMICS
Type of Course: Theoretical
Year: 2
Term: Spring
Credit: 3
Objective:
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.
Content:
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.
Recommended Reading:
Mankiw, N. Gregory, Macroeconomics, 5th Edition, New York: Worth Publishers, 2003.
Dornbush, R., Fischer, S., and Startz, R., Macroeconomics, 10th Edition, McGraw-Hill, 2008.
Blanchard, Olivier, Macroeconomics, 4th Edition, Prentice Hall, 2006.
Teaching Methods: In class lectures
Assessment Tools: Midterm exam, homework, project and final exam
Instruction Language: English
BA 216 BUSINESS LAW
Type of Course: Lecture
Year: 2
Semester: Spring
Credits: 3
Objective:
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.
Prerequisite: None
Contents:
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.
Recommended Reading:
Demircioğlu-Centel (2003). İş Hukuku Beta Yayıncılık, İstanbul.
Ali Güzel, Ali Rıza Okur (1998). Güvenlik Hukuku, Beta, İstanbul.
Yusuf Alper (2000). Türkiyede Sosyal Güvenlik, Alfa, Bursa .
Teaching Methods: Classroom Discussion
Assessment tools: Two Midterms, Participation and Final exam.
Instruction Language: Turkish
IF 202 INTRODUCTION TO FINANCE
Type of Course: Theoretical
Year: 2
Term: Spring
Credit: 3
Objective:
To provide students with an introductory exposure to the basic principles of finance including time value of money, risk and return relationship, diversification and arbitrage,
To introduce students with an introduction to financial transactions, markets and institutions,
To achieve an understanding of central topics of finance that will allow them to undertake more specialized studies in finance,
To provide a working knowledge of quantitative techniques for solving financial problems.
Contents:
The course is intended to provide students with an introductory exposure to basic principles underpinning finance and financial transactions, markets and institutions. The foundation provided in this course supports students to undertake further specialized courses in finance such as IF 303, IF 314, IF 411, and IF 413.
Recommended Reading:
Brealey, Richard A., Stewart C. Myers, and Franklin Allen, Principles of Corporate Finance, Mcgraw-Hill, 2009.
Ross, Stephen A., Randolph W. Westerfield, Jeffrey F. Jaffe, and Bradford D. Jordan, Corporate Finance: Core Principles and Applications, Second Edition, Mcgraw-Hill, 2009.
Teaching Methods: In class lectures and computer applications
Assessment Tools: Midterm exam, quizzes, homework, presentations, and final exam
Instruction Language: English
EL 202 ENGLISH 4
Type of Course: Lecture and Workshop
Year: 2
Semester: Spring
Credits: 3
Objective:
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.
Contents:
Students to acquire and develop skills in the following areas.
Writing
Reading
Communication
Study Skills
Recommended Reading:
A wide range of daily newspapers;
Periodicals, eg: The Economist;
Newsweek; Time.
Student’s own course book.
Weekly prepared materials on current issues.
A Thesaurus.
Teaching Methods: Lecture, Workshops, Seminars, Interactive Student activities, Debates/Discussions on current issues. Presentation/Oral Practice Student projects and research.
Assessment tools: Two midterm examinations, one final examination end of term Oral Assessment Continuous Assessment for coursework and participation.
Instruction Language: English
TD 201 TURKISH LANGUAGE II
Type of Course: Blackboard
Year: 1
Semester: Spring
Credits: 2
Objective:
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.
Content:
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.
Recommended Reading
Berna Moran, Türk Romanına Eleştirel Yaklaşımlar I (1995), II (1994), III (1995), İletişim Yayınları.
Yıldız Ecevit, Türk Romanında Potmodernist Açılımlar, İletişim Yayınları, 2001.
Jahn Manfred, Narratology: A Guide to the Theory of Narrative, English Department, University of Cologne, 2005.
Teaching Methods: Reading, writing and discussion.
Assessment tools: Participation to discussions, course work, writing a criticism, midterm exam, final exam.
Instruction Language: Turkish.
IF 321 MONETARY AND FINANCIAL ECONOMICS
Type of Course: Theoretical
Year: 3
Term: Fall
Credit: 3
Objective:
The course analyzes theories and models to make both predictions and policy prescriptions,
To analze monetary and financial economics topics with practical everyday applications,
To give students a sufficient understanding of monetary policy, central banking and financial system.
Content:
The course focuses on the principles of monetary and financial economics. It is designed to give students a fuller understanding of the role of the financial services industry within the broader context of the monetary and financial system. In particular, it aims to provide a detailed understanding of the major risks that both financial institutions and their customers face, and critically analyses and evaluates ways in which these risks can be ameliorated or mitigated.
Precondition: No preconditions
Recommended Reading:
Copeland, L., Exchange Rates and International Finance, Prentice Hall.London., 2005.
Teaching Methods: In class and interactive lecture
Assessment Tools: Midterm exam, quizzes, and final exam
Instruction Language: English
IF 303 FINANCIAL ANALYSIS
Type of Course: Theoretical
Year: 3
Term: Fall
Credit: 3
Objective:
To provide an understanding of the objective and the role of the finance function in corporations and how financial managers can help maximize firm’s value,
To achieve an understanding of central topics of financial management that will allow them to undertake more specialized studies in finance,
To provide a working knowledge of quantitative techniques for solving financial problems.
Content:
The course is intended to allow students to understand the financial decision making process and its role in maximizing firm value. It discusses basic finance concepts and principles, financial statements and evaluation of firm financial performance, capital budgeting techniques, cost of capital, capital structure, short and long-term financing decisions.
Recommended Reading:
Keown, Martin, Petty, and Scott, Foundations of Finance, 6th Edition, Pearson Prentice Hall
Besley and Brigham, Essentials of Managerial Finance, 13th Edition South Western.
Teaching Methods: In class lecture and applications
AssessmentTools: Midterm exam, quizzes, homework, and final exam
Instruction Language: English
EC 327 INTERNATIONAL ECONOMICS
Type of Course: Theoretical
Year: 3
Term: Fall
Credit: 3
Objective:
Work individually to develop the ideas contained in the group work for further assessment;
Work individually and in groups in analysing a range of source material, both in printed form and using information technology resources, in self-directed study;
Sit an examination which tests knowledge of the range of material covered in the whole unit
Content:
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 political economy perspective is different from the mainstream approach to international economics in two respects: First, this approach does not presume that any particular type of social interaction or societal force – economic, political, cultural or social – has primacy over another in terms of its explanatory power. Instead, it is interested in the interplay between these different forces or types of social interaction. However, in order to gain a well founded understanding of the interplay between economic and societal forces in a global economy, it is, of course, essential for students to gain a sound knowledge of basic economic concepts and forms of reasoning, and this will involve some exposure to mainstream theory. Secondly, fundamental to a political economy perspective is the idea that what is more important – politics or economics – cannot be decided at an abstract level. Rather, the study of the political economy of any phenomenon, be this a concrete historical event, the workings of a particular nation or social community, or international economic relations and processes, is an awareness of the context in which this particular occurs.
Recommended Reading:
Dunn and Mutti, International Economics, 5th Edition, London: Routledge, 2000.
Paul Krugman and Obstfeld Maurice, International Economics, New York: HarperCollins Publishers, 1991.
Kenen P, The International Economy, 4th Edition, Cambridge: CUP, 2000.
Yarbrough, B and Yarbrough R, The World Economy, Trade and Finance, 5th Edition, London: Harcourt, 2000.
Halil Seyidoglu, Uluslararasi Ikitisat, Guzem Yay., Istanbul, 1993.
Teaching Methods: In class lectures
Assessment Tools: Class presentation, homework and final exam
Instruction Language: English
IF 301 INTERNATIONAL MONETARY SYSTEM
Type of Course: Theoretical
Year: 3
Term: Fall
Credit: 3
Objective:
To understand how monetary system have evolved,
To learn how international institutions such as IMF, European Central Bank function,
To learn about recent international financial crises and how international institutions respond to financial crises,
To learn the benefits and costs of different types of exchange rate regimes,
To understand theories underlying exchange rates: purchasing power parity, interest rate parity,
To learn how to forecast exchange rates,
To learn the concept of arbitrage and how to identify arbitrage opportunity,
To understand forward exchange rates,
To learn how to hedge exchange rates risks.
Content:
The course intends to introduce current foreign exchange rate regimes to students. It explains theories underlying foreign exchange rates and teaches students how to forecast foreign exchange rates and focuses how monetary system works.
Recommended Reading:
Eun Cheol, Bruce Resnick , International Financial Management ,Mc Graw Hill,2008.
Teaching Methods: In class lecture and to arrange individual projects.
Assessment Tools: Quizzes, homework, and final exam
Instruction Language: English
IF 308 TURKISH BANKING AND FINANCIAL SYSTEM
Type of Course: Theoretical
Year: 3
Term: Spring
Credit: 3
Objective:
The main objective of this course is to present the students the basic understanding of Turkish banking and financial system and their roles in the economy.
Content:
This course introduces historical formation of the Turkish banking system. It locates developments in the Turkish banking system within the dominant theoretical contexts and adopts a mixture of ‘political economy’ framework. It introduces students with the tools, institutions and regulatory entities.
Recommended Reading:
Bankacılık (Banking), Mehmet Takan;
Commercial Bank Financial Management, Joseph Sinkey
Türkiye’de Finansal Sektör ve Bankacılık, Türkiye Bankalar Birliği
Banking and Financial System Reports
Banking and Financial Reports
Teaching Methods: In class lecture and individual projects
AssessmentTools: Midterm exam, quizzes, homework, and final exam
Instruction Language: English
IF 314 MANAGERIAL FINANCE
Type of Course: Theoretical
Year: 3
Term: Spring
Credit: 3
Objective:
To provide an in-depth knowledge of the central topics in managerial 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 teach how to conduct research on a course related subject of interest, and prepare and present reports in groups, and in written and orally.
Content:
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 managerial 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.
Recommended Reading:
S. Besley and E. F. Brigham, Essentials of Managerial Finance, 13th Edition,South-Western
Ivo Welch, Corporate Finance: An introduction, 1st Edition, Pearson Education.
Teaching Methods: In class lecture and applications.
Assessment Tools: Midterm exam, homework, and final exam
Instruction Language: English
IF 312 INTERNATIONAL FINANCIAL MARKETS
Type of Course: Theoretical
Year: 3
Term: Spring
Credit: 3
Objective:
To provide an in-depth knowledge of international financial markets and treatments occurred in these markets,
To provide information about foreign exchange markets and financial derivatives used in this market,
To provide an in-depth knowledge of international portfolio investment in the light of modern portfolio theory,
To provide information about stock exchanges that are important for international financial markets.
Content:
The course intends to introduce, international financial markets and financial instruments that are traded in these markets and to provide adequate knowledge about international financial decision process.
Recommended Reading:
Cheol S. Eun, Bruce G. Resnick , International Financial Management, McGraw Hill,2004.
Alan C. Shapiro . Multinational Financial Management, John Wiley and Sons, 2006.
Maurice D. Levi, International Finance, Routledge, 2006.
Saunders and Cornett, Financial Markets and Institutions.
Teaching Methods: In class lecture and to arrange individual projects.
Assessment Tools: Midterm exam, homework, and final exam
Instruction Language: English
BA 302 BUSINESS COMMUNICATIONS AND ETHICS
Type of Course: Lecture
Year: 3
Semester: Spring
Credits: 3
Objective And Contents:
Effective communication is an essential skill in business. As you move up the ladder of success, communication skills become even more necessary and valuable. This course will give you the opportunity to develop skills that will be useful as you climb that ladder. Individuals must be able to communicate their ideas in both written and oral modes. We aim to introduce students the fundamentals of Business Communication by focusing on verbal and nonverbal business communication skills. Introduction to Business Communication; We will start with the eight parts of the speech. We will focus on business grammar, business vocabulary, business English speaking & listening skills, resume writing, business letter writing, business meeting and reading skills, managerial / business ethics and corporate social responsibility.
RecommendedReading:
Business Communication English: Facing Today’s Business Communication Challenges Lesson Notes by Vedat AKMAN, 2006 (102 pages) – Kadir Has University.
Teaching Methods: Students will follow instructor’s notes, handouts & notes plus visual + listening aids & slides will be used.
Assessment Tools: Midterm exam, Final exam
Instruction Language: English
IF 411 FINANCIAL DERIVATIVES
Type of Course: Theoretical
Year: 4
Term: Fall
Credit: 3
Objective:
To teach students 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/VBA software.
Content:
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, credit and equity markets. EXCEL and VBA software will be used extensively throughout the semester.
Recommended Reading:
John C. Hull ,Options, Futures and Other Derivatives , Prentice-Hall, 6th Ed., 2006.
B.Eales/M.Choudry, Derivative Instruments, , Butterworth-Heinemann, 2003.
Paul Wilmott, Introduces Quantitative Finance, John W,ley & Sons, reprint 2005, Chps 5-10, 14-17.
Gültekin Karaşin, Fixed Income Decision Analysis, ISE, 2007, Chps 3,5,6,10
Teaching Methods: In class lecture and applications in laboratory
Assessment Tools: Midterm exam, attendance and participation, and final exam
Instruction Language: English
IF 413 PORTFOLIO MANAGEMENT AND ANALYSIS
Type of Course: Theoretical
Year: 4
Term: Fall
Credit: 3
Objective:
To teach students how to identify the risk/return profile of the investors,
To teach students the 6-step wealth management process,
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/VBA software.
Content:
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. Recently popular behavioral finance concepts and applications in the global asset allocation and asset management industry will also be covered. Quantitative models will be taught by Excel and VBA software.
Recommended Reading:
Ronald Cordes, The Art of Investing and Portfolio Management, McGraw-Hill, 2004.
David M. Darst, The Art of Asset Allocation, McGraw-Hill,2003, chps. 1-5, 9.
Simon Benninga, Financial Modelling, MIT Press, 2nd.Ed. 2000, chps. 7-11.
G. Karasin, Fixed-Income Decision Analysis, ISE, 2007, Chps.9-11.
Teaching Methods: In class lecture and applications
Assessment Tools: Midterm exam, attendance and participation, and final exam
Instruction Language: English
IF 415 ACCOUNTING OF FINANCIAL INSTITUTIONS
Type of Course: Theoretical
Year: 4
Term: Fall
Credit: 3
Objective:
The main objective of this course is to present the students the basic applications of accounting used in Turkish banks and other financial institutions such as brokerage houses and insurance companies operating in Turkey.
Content:
The content of this lecture is based on the Uniform Account Plan for banks introduced by The Banking Regulatory and Supervisory Board. The topics treated in this course are the following: the bookkeeping of assets, liabilities, income, expenses and off-balance sheet items based on the Uniform Account Plan; Preparation of the balance sheet and profit and loss account.
Recommended Reading:
Mehmet Hasan Eken ve Hüseyin Selimler, Banka Muhasebesi (Accounting in Banks) ,Der Yayınevi
Teaching Methods: In class lecture and to arrange individual projects.
Assessment Tools: Midterm exam, homework, quizzes, and final exam
Instruction Language: Turkish
IF 418 MULTINATIONAL FINANCIAL MANAGEMENT
Type of Course: Theoretical
Year: 4
Term: Spring
Credit: 3
Objective:
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.
Content:
The course is intended to inform students about management policies, international financial relations of multinational firms and international risk types.
Recommended Reading:
Cheol S. Eun, Bruce G. Resnick, International Financial Management, McGraw Hill,2004.
David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett, Multinational Business Finance, 2007.
Alan C. Shapiro, Multinational Financial Management, John Wiley and Sons, 2007.
Teaching Methods: In class lecture and applications.
Assessment Tools: Midterm exam, homework, and final exam
Instruction Language: English
IF 432 INVESTMENT APPRAISAL
Type of Course: Theoretical
Year: 4
Term: Spring
Credit: 3
Objective:
Modeling the financial statements, common stock and company (enterprise) valuation, bond markets and the valuation of fixed-income instruments, valuation of commodity derivatives, and the property valuation concepts will be dealed with. Advances in theory and practice of company valuation, mergers and acquisitions and due diligence process will also be covered.
Content:
The main objective of this course is to present undergraduate business and finance students the principles of investment valuation and ensure that students have skills in valuing enterprises, financial instruments, as well as real estate, commodities and collectibles. Quantitative strategic planning and valuation models will be taught by Excel and VBA software.
Recommended Reading:
P.Casabona & R.M.Traficanti, Investment Pricing Methods, John Wiley & Sons, Inc., 2002. Enrique R. Arzac, Valuation for Mergers, Buyouts and Restructuring, John Wiley & Sons, Inc., 2005.
Gültekin Karaşin, Para Piyasaları: Araçlar, Ürünler, İşlemler ve EXCEL/VBA Modelleri, Beta Basım Dağıtım. 2009.
Irwin, The Financial Analyst’s Handbook, Sumner N.Levine (Ed.), 2001, Chp.11
David Isaac, Terry Steley, Property Valuation Techniques, Palgrave, 2nd Ed., 2000.
Teaching Methods: In class lecture and applications in laboratory
Assessment Tools: Midterm exam, attendance and participation, and final exam
Instruction Language: English
