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Information
| Code | EKO720 |
| Name | Fundamentals of International Economics |
| Term | 2024-2025 Academic Year |
| Semester | . Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. FİKRET DÜLGER |
Course Goal / Objective
This course aims to analyze the international dimension of the economy in real terms, to examine the reasons that lead countries to mutual trade, and to explain economic integrations.
Course Content
Classical, Neo Classical and Modern International Trade Theories- Analysis of International Trade Theory- Analysis of International Trade Theory and Economic Growth- Instruments of International Trade Policy-Exchange Rate Systems- Analyzes of Balance of Payments
Course Precondition
Yok
Resources
Halil Seyidoğlu, Uluslararası İktisat, Teori Politika ve Uygulama Erdal Ünsal, Uluslararası İktisat, Teori Politika ve Açık Ekonomi Makro İktisadı
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 nature and theoretical historical background of international economic events |
| LO02 | Learn to evaluate the policy in terms of its causes and consequences while applying international economic policy. |
| LO03 | Understand the international economic system and have information about how we can use the system for the welfare of the country. |
| LO04 | Evaluate international economic problems and issues |
| LO05 | Follows and interprets international economic indicators |
| LO06 | Understand the relationship between factor endowments, the location of production, and international trade, |
| 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 | Explains the importance of demand and supply and the conditions of the market economy to work better | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Specifies the role of the price advantage in market economy | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | 5 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Applies the methods of economic analysis. | 4 |
| PLO06 | 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. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Uses the theory of economics in analyzing the economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Explains economic issues such as determinants of economic growth, causes and costs of unemployment, globalization and economic interdependence of nations. | 5 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Evaluates academic writings related to the field of economics. | |
| PLO10 | Bilgi - Kuramsal, Olgusal | Takes responsibility individually and / or in a team,leads a team and works effectively | |
| PLO11 | Bilgi - Kuramsal, Olgusal | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | 4 |
| PLO12 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. | |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction of International Economics | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 2 | Classical Trade Theories: Absolute Advantages, Comparative Advantages | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 3 | Analysis of International Trade Theories: Supply and Demand Models | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 4 | New Models in International Trade I | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 5 | New Models in International Trade II | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 6 | Analysis of International Trade Theory and Economic Growth | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 7 | International Trade Policy | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Liberalization of World Trade | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 10 | Balance of Payments Stabilization Policies: National Income and Other Mechanisms | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 11 | Balance of Payments:Exchange Rate and Price Mechanism | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 12 | Relations Between Foreign Trade Policies and Economic Development | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 13 | International Monetary Systems | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 14 | Open-Economy Macroeconomic Policy I | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 15 | Open-Economy Macroeconomic Policy II | Relevant Chapter | Öğretim Yöntemleri: Anlatım |
| 16 | Term evaluation | Relevant Chapter | Öğretim Yöntemleri: Soru-Cevap |
| 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 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 9 | 126 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 2 | 2 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 9 | 9 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 197 | ||
| Total Workload / 25 (h) | 7,88 | ||
| ECTS | 8 ECTS | ||