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Information
| Code | ECOZ302 |
| Name | International Economics II |
| Term | 2024-2025 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. FİKRET DÜLGER |
| Course Instructor |
1 2 |
Course Goal / Objective
This course aims to analyze the monetary aspect of international trade with theories, to explain the balance of payments account, exchange rate and international monetary systems.
Course Content
Balance of Payments-Analysis of Exchange Rate Markets and Approaches to Explain The Exchange Rate- External Balance- National Income Changes and Other Mechanisms-International Monetary System-Money, Finance and Exchange Rate Policy Analyzes in Open Economies-Internal and External Economic Balance-Macroeconomic Equilibrium with Total Demand and Total Supply Model in Open Economies
Course Precondition
Yok
Resources
Halil Seyidoğlu, Uluslararası İktisat, Teori Politika ve Uygulama Paul Krugman, Maurice Obstfeld and Marc Melitz; International Economics: Theory and Policy, Pearson Education, London, 2018. R.J. Carbaugh; International Economics, Cengage Learning, Boston, 2015.
Notes
Maurice Obstfeld & Kenneth Rogoff, Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understand the issues of liberalization of world trade and economic integration |
| LO02 | Demonstrate the aims of the European Union. |
| LO03 | Understand and analyze the Turkey's foreign trade structure. |
| LO04 | Be familiar with the internal and external equalization. |
| LO05 | Understand the exchange rate market and systems. |
| LO06 | Discuss the effects of different exchange rate policies. |
| LO07 | Analyze Turkey's current deficit problem with its reasons. |
| LO08 | Understand the macro-economic equilibrium in open economies. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | 5 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 4 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | 4 |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | 5 |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The Balance of Payments | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 2 | Analysis of Foreign Exchange Market | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 3 | Exchange Rates, Interest Rates, and Interest Rate Parity | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 4 | Exchange Rate Theories | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 5 | Balance of Payments: Exchange Rate and Price Mechanism | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 6 | Balance of Payments Stabilization Policies: National Income and Other Mechanisms | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 7 | Relations Between Foreign Trade Policies and Economic Development | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | International Monetary Systems | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 10 | International Banking , Debt and Risk | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 11 | International institutions: IMF, World Bank etc. | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 12 | International trade and development | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 13 | Open-Economy Macroeconomic Policy I | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 14 | Open-Economy Macroeconomic Policy II | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 15 | Repetition and Evaluation I | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 16 | Repetition and Evaluation II | Relevant chapter | Öğretim Yöntemleri: Anlatım |
| 17 | Term Exams | Relevant chapter | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||