| Weeks | Topics |
| 1 |
The development of international trade and the effect of the history of economic thought
|
| 2 |
The historical development of international economic relations in Turkey
|
| 3 |
Balance of Payments items, imbalances, different concepts of open and Balance of Payments Financing
|
| 4 |
Exchange rate systems and the relationship between international reserves
|
| 5 |
Causes of payments imbalances, the relationship between the economic structure and imbalances
|
| 6 |
The provision of external balance in the exchange rate variable. Marshall Lerner condition, elasticities approach.
|
| 7 |
Midterm Exam Week
|
| 8 |
Floating Exchange Rate System indirect intervention
|
| 9 |
Excessive or lacking evaluation of the national currency in fixed exchange rate system. Purchasing power parity.
|
| 10 |
Nominal and real exchange rates, effective buying and selling of exchange rates. The role of banks in the foreign exchange market.
|
| 11 |
The foreign exchange market operations. And types of arbitrage. Forward and spot exchange rates.
|
| 12 |
Foreign currency exchange operations. (Swap operations). Currency future (futures) and foreign exchange option contracts.
|
| 13 |
Foreign exchange hedging (hedging). Interest rate differentials and exchange rate expectations. Interest rate parity and purchasing power parity.
|
| 14 |
Final Exam Week
|