The specialization in International Finance emerged in the 19th and 20th centuries amid increasing global financial crises and economic problems. Politicians and rulers began to seek a specialized department to manage all financial matters, including currency depreciation, currency conversion, and the economic outcomes and international financial cooperation.
It is one of the most important branches of economics, serving as a complement to both microeconomics and macroeconomics because it focuses on the financial agreements between countries. Therefore, this field concentrates on planning the financing of international projects that are part of the sustainable development process. Entrepreneurs also need to explore financing options for their projects and implement ideas that require support from governments and major institutions.
Importance of Studying International Finance
Public policy and the banking sector require financial systems that assist countries in implementing their projects. International Finance is a fundamental branch of financial economics, linked to the activities of governments, businesspeople, managers, and heads of state. Consequently, students of International Finance must thoroughly understand the implications of international trade movements, buying and selling operations, and goods shipment, and be able to relate these outcomes to currency levels.
Curriculum of International Finance Program
The duration of International Finance studies at Turkish universities is four years for a bachelor’s degree. The academic content in most Turkish universities includes a variety of study programs, though the content may vary from one university to another. Students should verify the academic content or Course Description on the university’s website where they wish to enroll before registering.
First Academic Year
- Introduction to Business
- Introduction to Economics (two parts)
- Mathematics
- Introduction to Finance
- Academic Report Writing (two parts)
Second Academic Year
- Principles and Fundamentals of Accounting (two parts)
- Statistics
- Microeconomics
- Corporate Finance (two parts)
- Applied Statistics
- Mathematics for Economics
- Macroeconomics
Third Academic Year
- Financial Econometrics and Quantitative Analysis
- Investment Strategies and Fundamentals of Analysis
- Financial Institutions and Markets
- International Finance
Fourth Academic Year
- Cases in Financial Market Integration
- Derivative Markets
- Regulations of Capital Markets in Turkey and Worldwide
- Mergers and Acquisitions
- Timing and Forecasting Financial Markets
Example: Click here to view the courses offered for the International Finance major at Bahcesehir University.
Job Opportunities for Graduates
- Various companies and projects
- Government bodies and ministries
- Banking sector
- Diverse institutions and international organizations
- Charitable associations and non-profit organizations
- Embassies
