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	8

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	, TYY: + , EQF-LLL: , QF-EHEA:
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit
Instructor(s) of the Course Unit
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	Globalization- Introduction	Lecture & Question Answer & Analysis
2	Reading	The Law of Comparative Advantage	Lecture & Question Answer & Analysis
3	Reading	The Standard Theory of International Trade	Lecture & Question Answer & Analysis
4	Reading	Demand and Supply, Offer Curves and the Terms of Trade	Lecture & Question Answer & Analysis
5	Reading	Demand and Supply, Offer Curves and the Terms of Trade	Lecture & Question Answer & Analysis
6	Reading	Factor Endowments and Heckscher-Ohlin Theory	Lecture & Question Answer & Analysis
7	Reading	Factor Endowments and Heckscher-Ohlin Theory	Lecture & Question Answer & Analysis
8	Reading	Economies of Scale, Imperfect Competition and International Trade	Lecture & Question Answer & Analysis
9	Reading	Economic Growth and International Trade	Lecture & Question Answer & Analysis
10	-	MID-TERM EXAM	-
11	Reading	Trade Restrictions: Tariffs	Lecture & Question Answer & Analysis
12	Reading	Nontariff Trade Barriers and the New Protectionism	Lecture & Question Answer & Analysis
13	Reading	Economic Integration: Customs Unions and Free Trade Areas	Lecture & Question Answer & Analysis
14	Reading	International Trade and Economic Development	Lecture & Question Answer & Analysis
15	Reading	International Resource Movements and Multinational Corporations	Lecture & Question Answer & Analysis
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
T. Pugel, International Economics (Mcgraw-hill Series in Economics), 2015
Krugman, P. Maurice Obstfeld and Marc Melitz (1996). International Economics: Theory and Policy
S. Husted and M. Melvin, International Economics (9th Edition) (Pearson Series in Economics, 2012
Dominick, Salvatore: International Economics, 2019

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the theories, concepts and principles of the basic and sub-fields of international business and trade. (Bloom 1)
2	Explain business and trade functions and processes based on current scientific sources (Bloom 2).

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate internationally valid business and trade cases with the theories and concepts of other social sciences. (Bloom 2)

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has. (Bloom 2)

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use the theoretical and factual knowledge in business and trade for occupational practices. (Bloom 3)
2	Solve individual and organizational problems in business life. (Bloom 3)
3	Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems. (Bloom 3)

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize the activities for organizational goals and purposes independently. (Bloom 3)

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Criticize advanced knowledge and skills in the field with a critical approach. (Bloom 4)
2	Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments. (Bloom 3)

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Express his/her knowledge, thoughts and solutions on international business and trade to related stakeholders in written and verbal ways. (Bloom 1)

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Designs the research process in the field of business. (design) (Bloom 6)
2	Conducts operations by considering the ethical values in business activities. (apply) (Bloom’s 3)
3	Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life. (Bloom 2)

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