The international economy(ECON320)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON320 | The international economy | 6 | 3 | 0 | 0 | 3 | 6 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | |
| Course Type | Compulsory |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Sevgi GENCAY İNECİ sineci@gsu.edu.tr (Email) |
| Assistant | |
| Objective | -This course aims to teach essential theories of international trade, trade policy and instruments. |
| Content | International trade teories and policies. |
| Course Learning Outcomes |
1.The reasons for international trade. 2. The situation and outlook for world trade. 3.The reasons for trade restriction and problems posed by protectionist policies. 4.Trade policy instruments 5.Pricing policies 6.Non-tariff barriers 7. Trade creations and diversions in trade agreements |
| Teaching and Learning Methods | Theoretical |
| References |
Krugman, P., Obstfeld M. (2016) Economie internationale, Pearson, Paris. - Guillochon, B., Kawecki, A., Peltrault, F., Venet, B.(2020) Economie internationale, Dunod, Paris. Ouvrages –revues divers sur les questions actuelles: - Commodity Trade and Statistics, UN. - Directory of International Statistics, UN. - The Economist. - Federal Reserve Bulletin. - Revue Economie Internationale. - World Economic Survey. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | International trade and comparative advantages |
| 2 | Structures of specializations and comparative advantages |
| 3 | Why Countries trade : Economies of scale |
| 4 | Why Countries trade: Imperfect competition |
| 5 | Trade balance: Gains and losses from trade; the terms of exchange |
| 6 | Factor endowments: The Hecksher-Ohlin-Samuelson model. |
| 7 | New theories of international exchange |
| 8 | Differentiation exchanges: Intra-industry trade |
| 9 | The new geographic economy and the role of multinationals: Trade and location, heterogeneity of firms and theories of international exchange. |
| 10 | Trade policies: Gains and losses from trade. Tariffs, trade restrictions and instruments. |
| 11 | The effects of protectionism and trade wars |
| 12 | The organization of world trade |
| 13 | International factors movements |
| 14 | Current problems in international trade |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 11 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Toplam | 12 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 0 |
| Presentation | 5 | 10 |
| Midterm Examinations (including preparation) | 1 | 30 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 5 | 10 |
| 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 |
| Make-up | 0 | 0 |
| Toplam | 12 | 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 | |||||
| 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. | |||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | |||||
| 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 | X | ||||
| 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 | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 3 | 42 |
| Assignments | 5 | 2 | 10 |
| Presentation | 5 | 3 | 15 |
| Midterm Examinations (including preparation) | 1 | 6 | 6 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 5 | 3 | 15 |
| Final Examinations (including preparation) | 1 | 8 | 8 |
| Quiz | 5 | 2 | 10 |
| 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 | 1 | 2 | 2 |
| Other | 0 | 0 | 0 |
| Make-up | 0 | 0 | 0 |
| Total Workload | 150 | ||
| Total Workload / 25 | 6.00 | ||
| Credits ECTS | 6 | ||