International Economics(ECON317)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
ECON317 International Economics 5 3 0 0 3 5
Admission Requirements
Language of Instruction
Course Type Compulsory
Course Level Bachelor Degree
Course Instructor(s) Sevgi GENCAY İNECİ (Email)
Objective This course aims to cover the theoretical basis of international trade and monetary relations and the coverage of the course goes beyond international trade theory to open-economy macroeconomics.
Content Undergraduate
Course Learning Outcomes By the end of this course, students will be eable,

to understand the basic principles guiding international trade and financial flows, upon the rules of relevant international institutions,
to explain the critical assess policies implemented to improve international economic developpement,
to explain and discuss the main problems on international monetary policy.
Teaching and Learning Methods Theoretical
References Krugman, Paul & Obstfeld Maurice, Economie internationale, Pearson, Paris,
(Krugman & Obstfeld International Economics: Theory and Policy)
• Burda, M & Wyplosz, C. (2009) Macroéconomie, Une perspective européenne, de Boeck.
• Mucchielli, J-L & Mayer T (2006), Economie Internationale, Hyper Cours, Dalloz.
Print the course contents
Theory Topics
Week Weekly Contents
1 Introduction: Situation and Perspective of the World Economy
2 Why Nations Trade :Comparative Advantage - The Simple Ricardian Model
3 Scale Economies As a Basis for Trade
4 Imperfect economies As a Basis for Trade
5 How Nations Trade: International Equilibrium on trade
6 Factor Endowments: The Hecksher-Ohlin-Samuelson Model
7 Political Economy of Trade: Tariffs and Trade Theory, Restrictions on trade
8 New geographical Economy and The role of The Multinational
9 The Balance of Payments
10 Open Economy, National Budget Identity and Balance of Payments Accounts
11 The Exchange Rate and International Monetary Equilibrium
12 International Capital Movements
13 International Factor Movements
14 International Labor Migration
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 1 60
Contribution of final exam to overall grade 1 40
Toplam 2 100
In-Term Studies
  Number Contribution
Assignments 1 0
Presentation 10 5
Midterm Examinations (including preparation) 1 6
Project 0 0
Laboratory 0 0
Other Applications 10 5
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 22 16
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
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
Activities Number Period Total Workload
Class Hours 14 3 42
Working Hours out of Class 14 3 42
Assignments 5 2 10
Presentation 10 2 20
Midterm Examinations (including preparation) 1 6 6
Project 0 0 0
Laboratory 0 0 0
Other Applications 0 0 0
Final Examinations (including preparation) 1 8 8
Quiz 2 1 2
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 0 0
Other 0 0 0
Total Workload 130
Total Workload / 25 5,20
Credits ECTS 5
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