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 :	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. GÜLGÜN ÇİĞDEM
Instructor(s) of the Course Unit	Assoc.Prof. GÜLGÜN ÇİĞDEM
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	-	MID-TERM EXAM	-
9	Reading	Economies of Scale, Imperfect Competition and International Trade	Lecture & Question Answer & Analysis
10	Reading	Economic Growth and International Trade	Lecture & Question Answer & Analysis
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	Summarizing basic and advanced topics in International Trade and Business.
2	To define the theories, concepts and principles of International Trade and Business and its sub-fields.
3	Interpreting the relationship of International Trade and Business with other disciplines.
4	Using the theoretical knowledge gained in the field of International Trade and Business in professional practices and daily life.

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explaining current events and phenomena in the field with a holistic perspective analytically and systematically based on advanced knowledge and skills.
2	Solving problems encountered in business life, at individual and organizational level.
3	Effective use of computer programs (such as SPSS, R, Excel, Stata) in the face of complex business problems.
4	Evaluating the developments in the world from an intellectual perspective in the light of the joint faculty courses taken.

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Recognizing new theoretical and practical approaches in the field of International Trade and Business.
2	Recognize the relevant literature effectively.
3	Independently organize activities towards organizational goals and objectives.

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	To conduct qualitative and quantitative research on the subjects related to the field.

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	To be able to work independently in the light of the knowledge gained in the field of International Trade and Business and to take responsibility for the work done.

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Adopting the philosophy of lifelong learning.

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	To use Turkish in written and oral communication in accordance with the rules and effectively.
2	Using foreign language skills effectively in business and social life, explaining their demands in writing or verbally.
3	To design a healthy communication network in the business world by using social life skills.

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Benefiting from the theoretical and historical knowledge of international trade and business; analyzes current issues, events and problems.
2	Continually improving their knowledge of the structure and characteristics of the variables of international trade and business.

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