Faculty of Law

LAW 394 | Course Introduction and Application Information

Course Name
International Monetary and Financial Law
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
LAW 394
Fall/Spring
3
0
3
6

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Discussion
Q&A
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The aim of this course is to explain the basic principles and rules of international and European Union monetary and financial law, and the structures, working methods of international financial institutions and their effects on national economies.
Learning Outcomes The students who succeeded in this course;
  • Analyze the basic principles of the international economic system.
  • Define basic international money and finance concepts.
  • Explain the sources and parties of international monetary and financial law.
  • Discuss the structure, functions of international financial institutions and their effects on countries.
  • Interpret the current problems related to the economic crises in the world and the Eurozone
  • Discuss the ideas about the transition process to the new international economic system after the economic crisis.
Course Description The definition, sources, parties of international monetary and financial law will be explained. The structure and functions of the International Monetary Fund (IMF) and the World Bank, which are the institutions of the Bretton Woods System, and their effects on national economies will be discussed. The legal structure, institutions and application of the European Monetary System will be explained. World and Euro Zone economic crises will be evaluated and developments in the international arena will be interpreted.

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Concepts and definitions Matthias Herdegen, Principles of International Economic Law, p.3-26.
2 Parties of international economic law Matthias Herdegen, Principles of International Economic Law, p.27-53
3 Sources of international economic law Matthias Herdegen, Principles of International Economic Law, p.54-64
4 Basic principles of international economic system Matthias Herdegen, Principles of International Economic Law, p.65-76
5 Money, monetary systems, exchange rates Christoph Herman / Corinna Dornacker, International and European Monetary Law, p.1-29
6 Bretton Woods system, IMF Matthias Herdegen, Principles of International Economic Law, p. 501-530
7 Bretton Woods system, World Bank Matthias Herdegen, Principles of International Economic Law, p. 531-563
8 Midterm exam
9 Legal structure of European monetary system Christoph Herman / Corinna Dornacker, International and European Monetary Law, p. 63-82
10 Institutions of European monetary system Christoph Herman / Corinna Dornacker, International and European Monetary Law, p. 83-110
11 Implementation of European monetary system Christoph Herman / Corinna Dornacker, International and European Monetary Law, p. 111-128
12 World economic crises Thomas Cottier / John H. Jackson / Rosa M. Lastra, International Law in Financial Regulation and Monetary Affairs, p.9-27
13 Crisis in the European monetary union Christoph Herman / Corinna Dornacker, International and European Monetary Law, p. 129-137
14 Transition process to the new international economic system after the financial crisis Thomas Cottier / John H. Jackson / Rosa M. Lastra, International Law in Financial Regulation and Monetary Affairs, p.357 - 426
15 Review of the Semester
16 Final Exam

 

Course Notes/Textbooks

Matthias Herdegen, Principles of International Economic Law, Second Edition, Oxford University Press, London, 2016, ISBN 978-0-19-966819-9;

Christoph Herman/Corinna Dornacker, International and European Monetary Law, SpringerBriefs in Law, 2017, ISBN 978-3-319-57641-1.

Suggested Readings/Materials

Thomas Cottier/John H. Jackson/Rosa M. Lastra (Eds.), International Law in Financial Regulation and Monetary Affairs, Oxford University Press, London, 2012, ISBN 978–0–19–966819–9.

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
15
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
35
Final Exam
1
50
Total

Weighting of Semester Activities on the Final Grade
2
50
Weighting of End-of-Semester Activities on the Final Grade
1
50
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
8
4
32
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
1
20
20
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
35
35
Final Exam
1
45
45
    Total
180

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to possess the knowledge in legal terminology, concepts and principles.

X
2

Solves the legal problems with an analytic and integral point of view.

X
3

Evaluates the legal knowledge and abilities obtained with a critical approach.

X
4

Evaluates the developments in legal theory and practice by monitoring local, international and interdisciplinary dimensions.

X
5

Is conscious of social, professional and scientific principles of ethic behaviour.

6

Takes responsibility in solving problems by creative and innovative thinking.

7

Interprets the sources of law by ways of legal methodology.

X
8

To be able to interpret the legal norms with a sense of justice respectful to human rights and in the light of principles of democratic, secular and social state of law.

X
9

To be able to use the daily scientific sources and court judgments in the framework of life time learning approach.

X
10

Informs the related persons and institutions about legal matters both verbally and in written.

11

Monitors the daily legal information/court decisions and interacts with the colleagues in a foreign language (“European Language Portfolio Global Scale” Level B1).

X
12

Uses the information and communication technology together with the computer programs in a level required by the area of law (“European Computer Driving Licence, Advanced Level”).

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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