Economy of the European Union(ECON455)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
ECON455 Economy of the European Union 5 3 0 0 3 4
Admission Requirements
Language of Instruction
Course Type Elective
Course Level Bachelor Degree
Course Instructor(s) Sevgi GENCAY İNECİ (Email)
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.
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 method
References Course document and selected articles
Print the course 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 versus international trade rules
6 European Union Budget
7 Challenge of the Common Agricultural Policy
8 Growth and convergence of the member states : Regional diferences
9 Growth and Stability Pact
10 European Economic and Monetary Integration
11 Labor market and social policy
12 Enlargement perspective : cost of enlargement
13 Lisbon strategy revised
14 Turkey and the EU relationships :Lisbon Stategy goals and Turkey
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 1 50
Contribution of final exam to overall grade 1 50
Toplam 2 100
In-Term Studies
  Number Contribution
Assignments 1 2
Presentation 10 2
Midterm Examinations (including preparation) 1 4
Project 0 0
Laboratory 0 0
Other Applications 5 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 17 8
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. 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
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 2 28
Working Hours out of Class 14 2 28
Assignments 1 3 3
Presentation 10 2 20
Midterm Examinations (including preparation) 1 4 4
Project 0 0 0
Laboratory 0 0 0
Other Applications 2 2 4
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 0 0 0
Other 0 0 0
Total Workload 101
Total Workload / 25 4,04
Credits ECTS 4
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