International Economics(ECON317)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON317 | International Economics | 5 | 3 | 0 | 0 | 3 | 5 |
| 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 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. |
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 |
| Final Examinations (including preparation) | 1 | 8 | 8 |
| Quiz | 2 | 1 | 2 |
| Seminar | 1 | 0 | 0 |
| Total Workload | 130 | ||
| Total Workload / 25 | 5,20 | ||
| Credits ECTS | 5 | ||