| Economics (English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code: | ECO036 | ||||
| Course Name: | Financial Technology and Innovation | ||||
| Semester: | Fall | ||||
| Course Credits: |
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| Language of instruction: | English | ||||
| Course Condition: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Departmental Elective | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator: | Doç. Dr. AYFER USTABAŞ | ||||
| Course Lecturer(s): | Prof. Dr. Çiğdem Börke Tunalı | ||||
| Course Assistants: |
| Course Objectives: | Financial technologies have become one of hotly debated issues in economics and finance recently. Many firms both in finance and real sectors have started to apply new digital technologies in their businesses. The aim of this course is to teach the basics of fintech, main digital technologies used in financial markets and the future trends in digital technologies. |
| Course Content: | Financial technologies are the new digital technologies that aim to improve and automate the delivery and use of financial services. This course covers the main topics that are related to financial technologies. During the course, various technologies such as artificial intelligence, machine learning, cloud computing, blockchain technology and their applications in financial markets are investigated. Moreover, new payments architecture, crowdfunding, insurtech, regtech and the future trends in digital finance are discussed in this course. |
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The students who have succeeded in this course;
1) Students who succeed this course will be able to explain the main concepts of financial technologies, digital technologies used in financial markets and the future trends in digital finance. 2) After finishing this course, students can analyse the trends in financial technologies and they will be able to forecast possible future changes in the digital finance. |
| Week | Subject | Related Preparation |
| 1) | Introduction to FinTech | |
| 2) | Financial Innovation: Theory, History and Current Trends | |
| 3) | Artificial Intelligence, Machine Learning and Deep Learning | |
| 4) | Artificial Intelligence in Finance | |
| 5) | Cloud Computing, API Economy and Open APIs | |
| 6) | Blockchain Technology and Infrastructure | |
| 7) | Mid-Term Exam | |
| 8) | Blockchain, Cryptography and Crypto-Currencies | |
| 9) | Smart Contracts and Hyperledgers | |
| 10) | Payments Architecture and Technologies | |
| 11) | Lending, Crowdfunding and Infrastructure | |
| 12) | InsurTech | |
| 13) | RegTech | |
| 14) | The future of Digital Finance | |
| 15) | Final Exam |
| Course Notes / Textbooks: | Fintech: The New DNA of Financial Services by Pranay Gupta, T. Mandy Tham-E-book. Fintech in a Flash: Financial Technology Made Easy by Augustin Rubini. FinTech Future: The Digital DNA of Finance by Sanjay Phadke. |
| References: | Fintech: The New DNA of Financial Services by Pranay Gupta, T. Mandy Tham-E-book. Fintech in a Flash: Financial Technology Made Easy by Augustin Rubini. FinTech Future: The Digital DNA of Finance by Sanjay Phadke. |
| Course Learning Outcomes | 1 |
2 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Program Outcomes | |||||||||||||
| 1) They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics. | 2 | 2 | |||||||||||
| 2) They have knowledge and skill about different functions and interactions of economy. | 3 | 3 | |||||||||||
| 3) They use different theoretical approaches to comprehend and solve various economic problems. | 3 | 3 | |||||||||||
| 4) They are aware of the needs of society and use their knowledge of economics to meet these needs. | 2 | 2 | |||||||||||
| 5) They have in-depth knowledge on the current issues of the Turkish economy and the global economy. | 2 | 2 | |||||||||||
| 6) They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy. | 2 | 2 | |||||||||||
| 7) Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively. | 2 | 2 | |||||||||||
| 8) They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | 3 | 3 | |||||||||||
| 9) They improve their skills of teamwork, negotiation, leadership and entrepreneurship. | 3 | 3 | |||||||||||
| 10) They have universal ethical values, social responsibility awareness and adequate knowledge of business law. | 2 | 2 | |||||||||||
| 11) Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them. | 2 | 2 | |||||||||||
| 12) They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms. | 3 | 3 | |||||||||||
| 13) They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License . | 3 | 3 | |||||||||||
| No Effect | 1 Lowest | 2 Average | 3 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics. | 1 |
| 2) | They have knowledge and skill about different functions and interactions of economy. | 1 |
| 3) | They use different theoretical approaches to comprehend and solve various economic problems. | 2 |
| 4) | They are aware of the needs of society and use their knowledge of economics to meet these needs. | 1 |
| 5) | They have in-depth knowledge on the current issues of the Turkish economy and the global economy. | 1 |
| 6) | They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy. | 1 |
| 7) | Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively. | 2 |
| 8) | They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | 2 |
| 9) | They improve their skills of teamwork, negotiation, leadership and entrepreneurship. | 2 |
| 10) | They have universal ethical values, social responsibility awareness and adequate knowledge of business law. | 2 |
| 11) | Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them. | 2 |
| 12) | They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms. | 3 |
| 13) | They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License . | 3 |
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Final | 1 | % 60 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| total | % 100 | |
| Activities | Number of Activities | Workload |
| Course Hours | 15 | 45 |
| Study Hours Out of Class | 15 | 30 |
| Midterms | 6 | 12 |
| Final | 15 | 30 |
| Total Workload | 117 | |