Introduction to International Economics(ECON217)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON217 | Introduction to International Economics | 3 | 2 | 0 | 0 | 2 | 2 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | French |
| Course Type | Compulsory |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Sevgi GENCAY İNECİ sineci@gsu.edu.tr (Email) |
| Assistant | |
| Objective | This course aims to informe students about the preliminary theories of international economy. |
| Content | International economy |
| Course Learning Outcomes |
Understanding the causes of current account deficits Understanding the link between savings-investment-consumption and international trade Understanding economic openness and its consequences Understanding the internationalization of production Understanding the measure of competitiveness and specialization Understanding economic and financial globalization Understanding the effects of protectionism and its instruments |
| Teaching and Learning Methods |
Theoretical. (Participation in the course is mandatory: 70%) |
| References | Pierre Berthaud, Introduction à l'économie internationale: le commerce et l'investissement,2ed.Ouvertures économiques, De Boeck Supérieur, 2017. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Trade openess and internationalization of production |
| 2 | Financial globalization |
| 3 | International investment and intensive accumulation |
| 4 | Intensive accumulation and firm strategy |
| 5 | Globalization and competitiveness of nations |
| 6 | Definition of competitiveness |
| 7 | Measuring the competitiveness of nations |
| 8 | Introduction to international trade theory |
| 9 | Liberalisation of trade |
| 10 | Free trade as a collective optimum |
| 11 | Adam Smith and the absolute advantages of nations |
| 12 | David Ricardo and the comparative advantages of nations |
| 13 | Stuart Mill and The Terms of Trade |
| 14 | The Optimal Pricing Argument: Johnson's Contribution |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 2 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Toplam | 3 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 10 |
| Presentation | 1 | 10 |
| Midterm Examinations (including preparation) | 1 | 30 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 3 | 50 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches | X | ||||
| 2 | Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields | X | ||||
| 3 | Show a sound understanding of current economic discussions and problems | X | ||||
| 4 | Have an effective and clear communication in written and oral formats in different public and professional contexts. | X | ||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | X | ||||
| 7 | Demonstrate knowledge of standard quantitative techniques and empirical models used in economics | |||||
| 8 | Show ability to apply basic economic theory to an applied topic | X | ||||
| 9 | Show a basic understanding of analytical methods, both theory- and model-based | |||||
| 10 | Show ability to use economic concepts to discuss current economic issues | X | ||||
| 11 | Reason logically and work analytically | X | ||||
| 12 | Show awareness on social aspects of the economics in different applied and theoretical fields | X | ||||
| 13 | Identify appropriate economic models to analyse problems | X | ||||
| 16 | Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work | |||||
| 17 | Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy | |||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 2 | 28 |
| Working Hours out of Class | 14 | 1 | 14 |
| Assignments | 1 | 1 | 1 |
| Presentation | 1 | 1 | 1 |
| Midterm Examinations (including preparation) | 1 | 2 | 2 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 5 | 2 | 10 |
| Final Examinations (including preparation) | 1 | 4 | 4 |
| Quiz | 0 | 0 | 0 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 0 | 0 | 0 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| Total Workload | 60 | ||
| Total Workload / 25 | 2.40 | ||
| Credits ECTS | 2 | ||