Course Introduction and Application Information

Course Code: ECO403
Course Name: International Economics
Semester: Fall
Course Credits:
ECTS
5
Language of instruction: English
Course Condition:
Does the Course Require Work Experience?: No
Type of course: Departmental Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator: Doç. Dr. AYFER USTABAŞ
Course Lecturer(s): Doç. Dr. AYFER USTABAŞ
Course Assistants:

Course Objective and Content

Course Objectives: This course provides the ability to analyze the effects of international trade theories and policies on the world economy. It also focuses on differences and similarities among countries and regions by examining international financial movements and the consequences of globalization. In short, the course explains how international trade changes depending on time, geography, socio-economic events and domestic and foreign policies of countries.
Course Content: Introduction to International Economy, Classical Foreign Trade Theories, Supply and Demand Models in International Trade Theory, New Models for Explaining International Trade, International Trade Policies, International Trade Intervention Non-Tariff Vehicles, Customs Tariffs, International Trade Policies and Economic Development, Liberalization of World Trade and International Factor Mobility, Financial Crises, International Monetary Systems, European Union Latin America, BRIC and East Asian Countries.

Learning Outcomes

The students who have succeeded in this course;
1) Comprehend the theories of international economy basically.
2) Have information about international economic policies.
3) Understand the role of international trade in economic development.
4) Have knowledge about international factor mobility.
5) Analyze the economic situation of different country groups.

Course Flow Plan

Week Subject Related Preparation
1) Introduction to International Economy
2) Classical Foreign Trade Theories
3) Supply and Demand Models in International Trade Theory
4) New Models for Explaining International Trade
5) International Trade Policies
6) Tariffs
7) Intervention to International Trade - Non-Tariff Tools
8) MIDTERM
9) International Trade Policies and Economic Development
10) Liberalization of World Trade and International Factor Mobility
11) International Monetary Systems
12) Financial Crises
13) European Union Latin America, BRIC and East Asian Countries
14) Homework Presentation and Submission

Sources

Course Notes / Textbooks: International Economics: Theory & Policy; Krugman, Obstfeld and Melitz; 9th Edition
References: Lecture Notes

Course - Program Learning Outcome Relationship

Course Learning Outcomes

1

2

3

4

5

Program Outcomes

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Average 3 Highest
       
Program Outcomes Level of Contribution

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Quizzes 2 % 20
Homework Assignments 1 % 15
Midterms 1 % 30
Final 1 % 35
total % 100
PERCENTAGE OF SEMESTER WORK % 65
PERCENTAGE OF FINAL WORK % 35
total % 100

Workload and ECTS Credit Calculation

Activities Number of Activities Preparation for the Activity Spent for the Activity Itself Completing the Activity Requirements Workload
Course Hours 14 1 3 56
Homework Assignments 1 10 1 11
Quizzes 2 5 1 12
Midterms 1 20 1 21
Final 1 25 1 26
Total Workload 126