TÜRKÇE
ENGLISH
Information
| Code | İKT701 |
| Name | International Economics |
| Term | 2022-2023 Academic Year |
| Term | Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | |
| Course Instructor |
1 |
Course Goal / Objective
This course aims to enable the student to use foreign trade theory and policies effectively to understand new events and developments in the international economic and political field. In this context, the reasons for the purchase and sale of goods and services between countries will be examined in the context of different theories. First, it will be expressed how this happens in a free trade environment, and then it will be tried to explain how it affects an environment that includes intervention.
Course Content
This course is about examining all kinds of economic events, relations and developments between different countries. Although micro and macro economic analysis techniques are generally used as analysis techniques in the course; these techniques are applied to a different framework that includes at least two countries.
Course Precondition
Yok
Resources
Şiir Erkök Yılmaz, Dış Ticaret Kuramlarının Evrimi. J.R. Markusen, J.R. Melvin, W.H. Kaemfer, K.E. Markus, International Trade, Theory and Evidence.
Notes
Maurice Obstfeld & Kenneth Rogoff, The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Examine the political economy of international trade |
| LO02 | Be familiar with the nature of international economic events and to recognize the theoretical historical background from the economics literature |
| LO03 | Understand and explain how terms of trade lead to the transfer of income and resources; |
| LO04 | Understand the international economic system and to have knowledge about how we can use the system for the welfare of the country |
| LO05 | Be familiar with the relationship between international economics and the economic development of a country |
| LO06 | Examine macroeconomic policy analyzes in open economies |
| LO07 | Be familiar with balance of payments accounting |
| LO08 | Understand how the foreign exchange market works and how the foreign exchange rates are determined, |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Gains expertise in economics. | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains basic macroeconomic problems such as unemployment, inflation, current account deficit and policies to solve these problems based on scientific sources. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Builds, decodes and interprets models by using quantitative and qualitative techniques | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Learning the application of programme packages like SAS, RATS, SPSS, TSP, Win BUGS, EViews, etc to do analyses of empirical data. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Uses the theory of economics in analyzing the economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Takes responsibility individually and / or in a team,leads a team and works effectively | |
| PLO10 | Bilgi - Kuramsal, Olgusal | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Questions traditional approaches, implementations, and methods ;develops and practises alternative study programs when required | 4 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data to do her research. | |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Understands the necessity and importance of research in social sciences. | 4 |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Understands the relationship between economics and other branches of science. | 5 |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Reasons for foreign trade, basic guestions in international trade theories | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 2 | Classical International Trade Theories I | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 3 | Classical International Trade Theories II | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 4 | Supply and Demand Analysis: Offer Curve | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 5 | New International Trade Theories | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 6 | Imperfect Competition Markets, Product Differentiation and Returns to Scale | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 7 | Foreign Trade Policies | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Relevant Chapters | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Direct policy instruments:Tariffs, Protection policy:effective protection, optimum rate of protection and retaliation | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 10 | International Trade and Income Distribution | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 11 | International Trade and Growth | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 12 | Different Approaches to International Trade | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 13 | Exchange rate and exchange rate policy, Formation of exchange rate in spot and forward markets | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 14 | Exchange Rate Systems | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 15 | Theories and Analyzes of Balance of Payments | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 16 | Major Puzzles in International Economics | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 17 | Final Exam | Relevant Chapters | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||