The Final International University, Department of International Finance was founded in 2017. Its undergraduate program leading to a Bachelor of Science honors degree is taught in English.
The program has been carefully designed to enable our students to acquire both theoretical and applied finance knowledge, to organize, implement and monitor the financial activities of international organizations and above all to think analytically.
The department offers an interdisciplinary approach consisting of both theoretical and applied courses covering money and banking, financial economics, macroeconomic interrelations, and international business. The program is design to equip students with global understanding of financial practices in the key areas of banking and international finance and applying the various concepts of the broad field.
CURRICULUM
ABBREVIATIONS
UC: University Core FC: Faculty Core AC: Area Core UE: University Elective AE: Area Elective |
||||||||
YEAR 1 | ||||||||
FALL | ||||||||
Semester | Course code | Course name | Course category | Credit | Pre- requisite | ECTS
Credits |
||
Lec. | Pract. | Tot. | ||||||
1 | MGMT101 | Introduction to Business I | FC | 3 | 0 | 3 | 7 | |
1 | ECON101 | Introduction to Economics I | FC | 3 | 0 | 3 | 7 | |
1 | MATH111 | Mathematics for Business I | FC | 3 | 0 | 3 | 7 | |
1 | COMP111 | Computer I | UC | 2 | 2 | 3 | 3 | |
1 | ENGL101 | English I | UC | 3 | 0 | 3 | 6 | |
Total Credit | 15 | 30 | ||||||
SPRING | ||||||||
2 | ECON102 | Introduction to Economics II | FC | 3 | 0 | 3 | ECON101 | 7 |
2 | MGMT102 | Introduction to Business II | FC | 3 | 0 | 3 | MGMT101 | 6 |
2 | COMP112 | Computer II | UC | 2 | 2 | 3 | COMP111 | 3 |
2 | MATH112 | Mathematics for Business II | FC | 3 | 0 | 3 | MATH111 | 6 |
2 | ENGL102 | English II | UC | 3 | 0 | 3 | ENGL101 | 6 |
2 | HIST100/ TURK100 | History of Turkish Republic/ Turkish as a Second Language | UC | 2 | 0 | 2 | 2 | |
Total Credit | 17 | 30 | ||||||
YEAR 2 | ||||||||
FALL | ||||||||
3 | FINA201 | International Banking & Finance | AC | 3 | 0 | 3 | 6 | |
3 | ECON201 | Intermediate Microeconomics | AC | 3 | 0 | 3 | 6 | |
3 | MGMT205 | Business Law | AC | 3 | 0 | 3 | 6 | |
3 | ACCT201 | Principles of Accounting I | FC | 3 | 0 | 3 | 6 | |
3 | STAT211 | Business Statistics I | FC | 3 | 1 | 3 | MATH111 | 6 |
Total Credit | 15 | 30 |
SPRING | ||||||||
4 | FINA202 | Financial Marketing | AC | 3 | 0 | 3 | 6 | |
4 | ECON202 | Intermediate Macroeconomics | AC | 3 | 0 | 3 | ECON102 | 6 |
4 | MGMT204 | Business Communication | AC | 3 | 0 | 3 | 6 | |
4 | ACCT202 | Principles of Accounting II | AC | 3 | 0 | 3 | ACCT201 | 6 |
4 | STAT212 | Business Statistics II | FC | 3 | 1 | 3 | STAT211 | 6 |
Total Credit | 15 | 30 | ||||||
YEAR 3 | ||||||||
FALL | ||||||||
5 | FINA301 | Financial Risk Management | AC | 3 | 0 | 3 | 5 | |
5 | FINA303 | Business Finance I | AC | 3 | 0 | 3 | 5 | |
5 | FINA305 | Project Evaluation and
Investment Management |
AC | 3 | 0 | 3 | 5 | |
5 | ECON301 | International Economics I | AC | 3 | 0 | 3 | 5 | |
5 | UE-XXX | University Elective I | UE | 3 | 0 | 3 | 6 | |
Total Credit | 15 | 26 | ||||||
SPRING | ||||||||
6 | FINA302 | Money and Banking | AC | 3 | 0 | 3 | 5 | |
6 | FINA304 | Business Finance II | AC | 3 | 0 | 3 | FINA303 | 5 |
6 | ECON302 | International Economics II | AC | 3 | 0 | 3 | ECON301 | 4 |
6 | MGMT306 | Human Resources Management | AC | 3 | 0 | 3 | 4 | |
6 | AE-XXX | Area Elective I | AE | 3 | 0 | 3 | 6 | |
6 | FINA300 | Summer Internship - 30 calendar days | AC | 0 | 0 | 0 | 10 | |
Total Credit | 15 | 34 | ||||||
YEAR 4 | ||||||||
FALL | ||||||||
7 | FINA401 | Financial Statement Analysis | AC | 3 | 0 | 3 | 6 | |
7 | FINA403 | Financial Derivatives | AC | 3 | 0 | 3 | 6 | |
7 | MGMT401 | Research Methods | FC | 3 | 0 | 3 | 6 | |
7 | AE-XXX | Area Elective II | AE | 3 | 0 | 3 | 6 | |
7 | UE-XXX | University Elective II | UE | 3 | 0 | 3 | 6 | |
Total Credit | 15 | 30 | ||||||
SPRING | ||||||||
8 | FINA402 | Auditing | AC | 3 | 0 | 3 | 6 | |
8 | FINA404 | Financial Economics | AC | 3 | 0 | 3 | 6 | |
8 | FINA406 | Commercial Bank Management | AC | 3 | 0 | 3 | 6 | |
8 | AE-XXX | Area Elective III | AE | 3 | 0 | 3 | 6 | |
8 | UE-XXX | University Elective III | UE | 3 | 0 | 3 | 6 | |
Total Credit | 15 | 30 |
AREA ELECTIVE COURSES
Course Code | Course Name | Credit | ECTS
Credits |
|||
Lec. | Pract. | Tot. | ||||
1. | MGMT410 | Insurance & Risk Management | 3 | 0 | 3 | 6 |
2. | MGMT411 | Non-Governmental Organizations | 3 | 0 | 3 | 6 |
3. | MGMT412 | Corporate Governance & Family Business | 3 | 0 | 3 | 6 |
4. | MGMT413 | Small Business Seminar | 3 | 0 | 3 | 6 |
5. | MGMT414 | Contemporary Issues in Business | 3 | 0 | 3 | 6 |
6. | ECON410 | Industrial Organization | 3 | 0 | 3 | 6 |
7. | ECON412 | Monetary Theory and Policy | 3 | 0 | 3 | 6 |
8. | ECON414 | Environmental Economics | 3 | 0 | 3 | 6 |
9. | ECON416 | Empirical Economic Analysis | 3 | 0 | 3 | 6 |
10. | ECON418 | Contemporary Issues in Economics | 3 | 0 | 3 | 6 |
11. | MGMT421 | Leadership and Organizational Culture | 3 | 0 | 3 | 6 |
12. | MGMT422 | Service Quality Management | 3 | 0 | 3 | 6 |
13. | MGMT423 | Investment Management | 3 | 0 | 3 | 6 |
14. | MGMT424 | Business Ethics | 3 | 0 | 3 | 6 |
COURSE BREAKDOWN
Total | ||||||||||||
Number | Credit | ECTS
Credits |
||||||||||
All Courses | 41 | 122 | 230 | |||||||||
University Core Courses | 5 | 14 | 20 | |||||||||
Faculty Core Courses | 10 | 30 | 64 | |||||||||
Area Core Courses | 20 | 60 | 110 | |||||||||
Area Elective Courses | 3 | 9 | 18 | |||||||||
University Elective Courses | 3 | 9 | 18 | |||||||||
Summer Internship | 1 | 0 | 10 | |||||||||
Total | 240 | |||||||||||
Semester | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | Average | |||
Number of courses | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5.125 | |||
Total credits | 15 | 17 | 15 | 15 | 15 | 15 | 15 | 15 | 15.25 | |||
Total ECTS Credits | 30 | 30 | 30 | 30 | 26 | 34 | 30 | 30 | 30 |
COURSE DESCRIPTIONS / SYNOPSES
1. | Course code: MGMT101 | Course title: Introduction to Business I |
In this course, students will explore all of the primary disciplines in business on an introductory level: economics, human resource management, finance options, managerial accounting principles and marketing strategies. At the end of this course, a student will be able to understand the business system, global context of business and conduct business ethically and responsibly. |
2. | Course code: ECON101 | Course title: Introduction to Economics I |
This course introduces students to the key concepts and topics of microeconomics such as demand
and supply, elasticity, utility, preferences, production, costs, perfect competition, monopoly, monopolistic competition, oligopoly and factor markets. |
3. | Course code: MATH111 | Course title: Mathematics for Business I |
This course is designed for Business and Economic students. Topics include the review of linear and non-linear functions and models (including cost, revenue, profit, demand and supply), solving linear and
non-linear systems of equations, matrices, linear programming, difference equations and mathematics of finance. |
4. | Course code: COMP111 | Course title: Computer I |
This course introduces students to the key concepts and topics of information technology and their significance for business, economics, and society. Topics include understanding how computers work, fundamental concepts relating to hardware, software, central processing unit, input and output, storage,
networks and internet. The course also improves basic PC, Windows, and MS Office skills, and intermediate-level Word and PowerPoint skills. |
5. | Course code: ENGL101 | Course title: English I |
This is a first-semester EAP course for freshman students, and it focuses on developing both receptive and productive skills as well as the study skills required for university-level coursework. |
6. | Course code: ECON102 | Course title: Introduction to Economics II |
This course examines the differences between the economy in the short run and in the long run. A number of macroeconomic models, determination of national income, problems of inflation, unemployment and growth are considered, and the results are used to conduct macroeconomic policy discussion on stabilization policies and government debt. By the end of this module, the students will be able to understand the relationships between different economic variables, presentation of economic
issues with graphs, tables and essays and identify economic issues both in theory and practice. |
7. | Course code: MGMT102 | Course title: Introduction to Business II |
This course will enable the student to learn about the stock market, personnel management, leadership and motivational techniques. This course is a survey of the functions of business, the role of motivation and leadership, a comparison of the forms or organizations and methods of administration and the interdependence of production, distribution and finance in modern business. |
8. | Course code: COMP112 | Course title: Computer II |
This course introduces business applications of information technology and related issues, including electronic commerce, computer security and privacy, database management systems, programming languages, systems analysis and design, and expert systems. Intermediate-level Windows and MS Office skills, and advanced-level Excel skills will also be improved. |
9. | Course code: MATH112 | Course title: Mathematics for Business II |
The main objective of the course is to provide the mathematical background needed for the solution of business and economics problems. Subjects are supported by some selected real life application problems. |
10. | Course code: ENGL102 | Course title: English II |
This course is continuation of ENGL 101- English I. It involves further development of students’ EAP oral and written communication skills as well as further development of the study skills essential to success at this level. |
11. | Course code: TURK100 | Course title: Turkish as a Second Language |
This course is designed to provide international students with the basic lexis and grammar of the Turkish language and to develop basic receptive and productive skills in Turkish. |
12. | Course code: HIST100 | Course title: History of Turkish Republic |
This course is designed to provide Turkish-speaking students enrolled in English-medium programs with a brief historical account of the Republic of Turkey. |
13. | Course code: FINA201 | Course title: Introduction to Banking and Finance |
This course combines the study of modern economics with banking and finance. The students will be introduced to a broad range of economic subjects including banking, financial intermediation, asset and liability management, financial decision making, financial markets and institutions, and accounting. |
14. | Course code: ECON201 | Course title: Intermediate Microeconomics |
This course covers the subjects of theories of consumer behavior, theory of costs, output determination in competitive and non-competitive markets, general equilibrium analysis and welfare economics. |
15. | Course code: MGMT205 | Course title: Business Law |
This course introduces the sources and basic principles of the law as related to business, the Constitution, sources of the law, business ethics; and examines a variety of applications of the law in contracts, torts, agency, and government regulation of business. |
16. | Course code: ACCT201 | Course title: Principles of Accounting I |
This course focuses on the asset side of the balance sheet: Cash, accounts and notes receivable, inventory, marketable securities, equity investments, and intangibles. The course also covers revenue and expense recognition issues, and generally accepted accounting principles that affect the format and presentation of financial statements. |
17. | Course code: STAT211 | Course title: Business Statistics I |
Business Statistics is the science of collecting, organizing, and summarizing data to provide Information, stated in numerical form, for the purpose of making objective business decisions. Descriptive statistics, sampling, sampling size estimation and hypothesis testing will be the focuses of the course. |
18. | Course code: FINA202 | Course title: Financial Marketing |
This course operationalizes several marketing concepts such as segmentation, targeting, and positioning for financial markets. |
19. | Course code: ECON202 | Course title: Intermediate Macroeconomics |
Course outline: This course focuses on determinants of the level of aggregate demand, general equilibrium of product, money, and labor markets, international macroeconomic relationships,
fundamentals of the economic growth process and income distribution |
20. | Course code: MGMT204 | Course title: Business Communication |
The main aim of this course is to develop students’ effective written and oral communication skills in business English. Students will be involved in business-related writing, presentations, discussions and resume writing. The course also intends to develop students’ research skills and familiarize them with
ethical concerns in business communication. |
21. | Course code: ACCT202 | Course title: Principles of Accounting II |
This course examines the principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective. Identified are the budgetary process and related performance evaluation techiques, cost-volume-profit relationship, product costing methods, Just-In-Time (JIT) manufacturing, and Activity Based Costing (ABC). Related theory and application will
also be reviewed. |
22. | Course code: STAT212 | Course title: Business Statistics II |
The aim of this course is to familiarize students with the basic concepts and techniques in statistics, to enhance the analytical skills of students to interpret data and to produce information for decision making in functional areas of business and economics, to help students think statistically and to motivate students to study further in areas of challenge offered by statistics. |
23. | Course code: FINA301 | Course title: Financial Risk Management |
The aim of this course is to present the basic notions on derivative markets, asset pricing and risk management. Topics covered in the lectures include futures/forwards, options, swaps, credit risk models and some exotic derivative products. The use of Value-at-Risk model in risk management will also be covered. |
24. | Course code: FINA303 | Course title: Business Finance I |
Introduction to financial management; financial institutions & money markets; analysis of financial statements; discounted cash flow analysis; project cash flow analysis; analysis of flow of funds; risks and returns. |
25. | Course code: FINA305 | Course title: Project Evaluation and Investment Management |
The aim of this course is to develop an ability to make portfolio selection decisions based on an analysis of security characteristics and develop an understanding of the decision making process
governing the selection of risky assets by investors. |
26. | Course code: ECON301 | Course title: International Economics I |
This course focuses on theories of comparative advantage; classical theory, Heckscher-Ohlin theory. Gains from trade. Factor price equalization theorem, Stolper-Samuelson theorem. Contemporary theories of trade. Instruments of protection, tariffs and subsidies. Economics of integration. |
27. | Course code: UE-XXX | Course title: University Elective I |
Course outline: |
28. | Course code: FINA302 | Course title: Money and Banking |
This course offers analysis of monetary theories, importance and structure of the financial system, functions of money, money supply and money demand, determination of interest rate, monetary and
fiscal policies and their effects, money and inflation and applications. |
29. | Course code: FINA304 | Course title: Business Finance II |
This course examines firm’s investment decisions, estimation of risk and return, valuation methods and portfolio theory, determining the cost of capital and alternative financing options. |
30. | Course code: ECON302 | Course title: International Economics II |
This course focuses on Balance of payments; concepts and accounting. Income determination in an open economy. Foreign exchange markets and systems. Analyses of devaluation under fixed exchange rate regime. The gold standard and the IMF system. Fixed versus flexible exchange rates. |
31. | Course code: MGMT306 | Course title: Human Resources Management |
The course outlines the roles and functions of members of the human resources department, as well as |
32. | Course code: AE-XXX | Course title: Area Elective I |
Course outline: |
33. | Course code: FINA401 | Course title: Financial Statement Analyses |
This course provides the tools and information needed to interpret and analyze financial statements. It
will also enable students to make informed financial decisions based on the information contained in the financial statements. |
34. | Course code: FINA403 | Course title: Financial Derivatives |
The course introduces students to the pricing and hedging of derivative securities. Topics covered include: Derivative basics, strategies and payoffs; the valuation techniques (Valuation of forward and forward-based derivatives; Valuation of option and option-based derivatives); applications of the valuation techniques for various types of securities, and the use of these securities for trading purposes,
financial engineering, and investment applications. |
35. | Course code: MGMT401 | Course title: Research Methods |
Research Methods introduces students to foundational issues of social scientific research, research ethics and academic integrity. Students will examine the strengths and weaknesses of major quantitative and qualitative data collection techniques as well as the processes involved in planning and
executing such projects. |
36. | Course code: AE-XXX | Course title: Area Elective II |
Course outline: |
37. | Course code: UE-XXX | Course title: University Elective II |
Course outline: |
38. | Course code: FINA402 | Course title: Auditing |
Auditing theory and practices applicable to both manufacturing and business organizations in general, including: auditing concepts, standards, rules of procedures, professional conduct, post-audit considerations and preparation of auditor’s reports. |
39. | Course code: FINA404 | Course title: Financial Economics |
The course will cover the central themes of modern finance including individual investment decisions under uncertainty, stochastic dominance, mean variance theory, capital market equilibrium and asset valuation, arbitrage pricing theory, option pricing, and incomplete markets, and the potential application of these themes. |
40. | Course code: FINA406 | Course title: Commercial Bank Management |
Overview of the US commercial banking industry and financial institutions; role of Federal Reserve; monetary policies and their effect on money supply and interest rates; policies pertaining to capital resources, profitability of functions and relations to other banks; effect of government regulations and economic conditions. |
41. | Course code: AE-XXX | Course title: Area Elective III |
Course outline: |
42. | Course code: UE-XXX | Course title: University Elective III |
Course outline: |