INTERNATIONAL ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ECF351	INTERNATIONAL ECONOMICS	5	3	3	7

GENERAL INFORMATION
Language of Instruction :	English
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. ONUR ÖZDEMİR
Instructor(s) of the Course Unit	Assist.Prof. ŞÜKRAN KAHVECİ
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 & Research & Problem Solving
2	Reading	The Law of Comparative Advantage	Lecture & Question Answer & Research & Problem Solving
3	Reading	The Standard Theory of International Trade	Lecture & Question Answer & Research & Problem Solving
4	Reading	Demand and Supply, Offer Curves and the Terms of Trade	Lecture & Question Answer & Research & Problem Solving
5	Reading	Demand and Supply, Offer Curves and the Terms of Trade	Lecture & Question Answer & Research & Problem Solving
6	Reading	Factor Endowments and Heckscher-Ohlin Theory	Lecture & Question Answer & Research & Problem Solving
7	Reading	Factor Endowments and Heckscher-Ohlin Theory	Lecture & Question Answer & Research & Problem Solving
8	-	MID-TERM EXAM	-
9	Reading	Economies of Scale, Imperfect Competition and International Trade	Lecture & Question Answer & Research & Problem Solving
10	Reading	Economic Growth and International Trade	Lecture & Question Answer & Research & Problem Solving
11	Reading	Trade Restrictions: Tariffs	Lecture & Question Answer & Research & Problem Solving
12	Reading	Nontariff Trade Barriers and the New Protectionism	Lecture & Question Answer & Research & Problem Solving
13	Reading	Economic Integration: Customs Unions and Free Trade Areas	Lecture & Question Answer & Research & Problem Solving
14	Reading	International Trade and Economic Development	Lecture & Question Answer & Research & Problem Solving
15	Reading	International Resource Movements and Multinational Corporations	Lecture & Question Answer & Research & Problem Solving
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
T. Pugel, International Economics (Mcgraw-hill Series in Economics), 2015
P. R. Krugman and M. Obstfeld, International Economics: Theory and Policy (10th Edition) (Pearson Series in Economics)Jan 20, 2014
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

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.						5
2	Recognize the entries in the book and financial balance sheet of the business organization.					4
3	Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.						5

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Summarize historical development of the international trade theories by adhering to the chronological order.						5
2	Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.						5
3	Solve financial and legal problems confronted in international trade practices.						5

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.				3
2	Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.					4

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.						5

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate knowledge about economic globalization and internationalization with current knowledge in the field.						5

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.						5

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain demands in written or verbally by using the foreign language skill in business and social life effectively.			2
2	Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.			2
3	Design a healthy communication network for themselves in the business world by using social life skills.				3

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.						5
2	Develop suggestions for international trade policies by determining economic problems in the macro level.						5
3	Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market						5
4	Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.						5

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	6	3	18
Assignment (Homework)	0	0	0
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