Economy of the European Union (ECON455) | GSÜ

Content

Objective

This course provides a comprehensive examination of the process of the European economic integration and it focuses on the internal market and monetary union and its impacts on global economics. The main economic issues raised by the convergence of nations within the European Union are discussed and applied the relevant political concept and economic theories.

Course Content

Undergraduate

Course Learning Outcomes

By the end of this course, students will be able to :
be familiar with the European integration process,
understand the meaning of the monetary union for a succesful internal market,
identifiy and describe the reasons behind the current problems uncountered on the contexte of economic crises.

Teaching and Learning Methods

Theoretical
(Participation is mandatory, 70%).

References

Course document and selected articles

Weekly Contents

Theory Topics
Week	Weekly Contents
1	Origin of the European Urion
2	Power of the European Union in the World Economy
3	European Economic Integration as a regional integration, trade integration. Factor market integration and macroeconomic policy integration
4	Customs union theory: Static and dynamic analysis
5	European commercial policy
6	European Union Budget and challenge of the common agricultural policy
7	Mid-term exam
8	Macroeconomic weaknesses of the European economy
9	Growth and Stability Pact
10	European Economic and Monetary Integration
11	Enlargement perspective : cost of enlargement
12	Turkey and the EU relationships :Lisbon Stategy goals and Turkey
13	Students presentations
14	Students presentations

Assessment System

Contribution to Overall Grade
Activities	Number	Contribution
Contribution of in-term studies to overall grade	1	50
Contribution of final exam to overall grade	1	50
Total	2	100

In-Term Studies
Activities	Number	Contribution
Assignments	5	10
Presentation	5	10
Midterm Examinations (including preparation)	1	4
Project	0	0
Laboratory	0	0
Other Applications	5	10
Quiz	0	0
Term Paper/ Project	0	0
Portfolio Study	0	0
Reports	0	0
Learning Diary	0	0
Thesis/ Project	0	0
Seminar	1	3
Other	0	0
Make-up	0	0
Total	17	37

Relation of Proficiency

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	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.				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
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
13	Identify appropriate economic models to analyse problems
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

ECTS

Activities	Number	Period	Total Workload
Class Hours	14	3	42
Working Hours out of Class	14	3	42
Assignments	5	3	15
Presentation	7	3	21
Midterm Examinations (including preparation)	1	4	4
Project	0	0	0
Laboratory	0	0	0
Other Applications	5	2	10
Final Examinations (including preparation)	1	8	8
Quiz	1	2	2
Term Paper/ Project	1	4	4
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