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INTERNATIONAL ECONOMICS PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
EKF351 INTERNATIONAL ECONOMICS 5 3 3 7

GENERAL INFORMATION

Language of Instruction : Turkish
Level of the Course Unit : BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course : Compulsory
Mode of Delivery of the Course Unit -
Coordinator of the Course Unit Assoc.Prof. BÜLENT İLHAN
Instructor(s) of the Course Unit Assoc.Prof. DENİZ ŞİŞMAN
Course Prerequisite No

OBJECTIVES AND CONTENTS

Objectives of the Course Unit: This course aims to provide the student with the ability to analyze the foreign trade performance of a country and the effects of international economic policies.
Contents of the Course Unit: Contents of the course include the subjects such as Development of International Economics, Theory of Advantages, Heckscher-Ohlin Model Factor Endowment Theory, New Theories in Foreign Trade Model, Tariffs and Balance of Payments.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Compare the foreign trade strategies of countries.(4)
Explain the theoretical infrastructure of foreign trade models.(2)
Analyze the impact of foreign trade policy on many economic factors such as income distribution, growth and development.(4)
Explain the primary accounts of balance of international payments.(2)
Describe the instruments to be used in the elimination of foreign trade disequilibrium.(2)
Analyze the international financial institutions, how they operate and how they influence foreign trade.(4)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Reading Development of International Economy Lecture & Question Answer & Analysis
2 Reading Theory of comparative advantages and Foreign Trade Lecture & Question Answer & Analysis
3 Reading Reciprocal law of demand, offer curve, foreign trade over opportunity cost Lecture & Question Answer & Analysis
4 Reading Analysis of international trade theory: Demand and supply models Lecture & Question Answer & Analysis
5 Reading Heckscher- Ohlin Model Factor Equipment Theory Lecture & Question Answer & Analysis
6 Reading New Theories in Foreign Trade Model Lecture & Question Answer & Analysis
7 Reading Foreign Trade, Development and Wealth Relations Lecture & Question Answer & Analysis
8 - MID-TERM EXAM -
9 Reading Foreign Trade Policy and Protectionism Lecture & Question Answer & Analysis
10 Reading Tariffs Lecture & Question Answer & Analysis
11 Reading Private foreign trade regime Lecture & Question Answer & Analysis
12 Reading Non-tariff tools Lecture & Question Answer & Analysis
13 Reading Globalization and Exchange Rate Systems Lecture & Question Answer & Analysis
14 Reading Balance of payment Lecture & Question Answer & Analysis
15 Reading Balance of payment Lecture & Question Answer & Analysis
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Seyidoglu,H. (2017). Uluslararasi Iktisat. Istanbul. 18th Edition
Krugman, P. Maurice Obstfeld and Marc Melitz (1996). International Economics: Theory and Policy
Unsal E. (2014) Uluslararasi Iktisat, Imaj Publications. Ankara.
Ridvan Karluk, R. (2013). Uluslararasi ekonomi Teori Politika. 9th Edition Beta Publications

ASSESSMENT

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

KNOWLEDGE

Theoretical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Define the basic concepts of economics, administrative and human sciences. (Bloom 1)
4
2
Evaluate the economic environment and overall sustainability of firms. (Bloom 4)
4

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)
4
2
Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)
3

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Interpret the charts and tables related to the field. (Bloom 2)
4

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)
4
2
Analyze economic and financial reports. ((bloom 4)
4
3
Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)
1
4
Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)
4

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).
2

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)
2

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)
2

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)
4
2
Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)
3
3
Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)
4
4
Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)
4

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT

Workload for Learning & Teaching Activities

Type of the Learning Activites Learning Activities (# of week) Duration (hours, h) Workload (h)
Lecture & In-Class Activities 14 3 42
Preliminary & Further Study 13 2 26
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 0 0 0
Assignment (Homework) 6 3 18
Project Work 0 0 0
Seminar 0 0 0
Internship 0 0 0
Technical Visit 0 0 0
Web Based Learning 0 0 0
Implementation/Application/Practice 0 0 0
Practice at a workplace 0 0 0
Occupational Activity 0 0 0
Social Activity 0 0 0
Thesis Work 0 0 0
Field Study 0 0 0
Report Writing 0 0 0
Final Exam 1 1 1
Preparation for the Final Exam 6 10 60
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 3 10 30
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 44 0 178
Total Workload of the Course Unit 178
Workload (h) / 25.5 7
ECTS Credits allocated for the Course Unit 7,0