CURRENT ISSUES IN THE WORLD ECONOMY PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
UIT405	CURRENT ISSUES IN THE WORLD ECONOMY	5	3	3	5

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	, TYY: + , EQF-LLL: , QF-EHEA:
Type of the Course :	Elective
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:	The aim of this course is to enable students to gain the ability to understand and interpret the developments in the world economy by using current international socio-economic indicators. At the end of the course, students will be able to analyze the causes and results of current economic developments.
Contents of the Course Unit:	Contents of this course include; global economic indicators, balance of payments and foreign trade deficit, financial crises, central banks, monetary policy and interest rates, globalization, unemployment and income distribution, inflation, international trade and emerging markets.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
List the macroeconomic indicators of the world economy in order of importance. (Bloom 1)
Summarize the role of central banks in money and interest policies by giving examples of countries. (Bloom 2)
Interpret the developments in the world economy by using current international socio-economic indicators (Bloom 2)
Compare the risks in developing countries by placing them in order of importance (Bloom 2). (Bloom 2)
Analyze the world economy by using the relations between globalization and income distribution. (Bloom 4)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Creating the first impression in the student, preparing the presentation about the course content and methods	Introduction to world economy	Lecture, Discussion, Assessment
2	Literature research and course preparation	Fundamentals of Economic Globalization	-
3	Literature research and course preparation	Global Economic Indicators and Analysis	LLecture, Discussion, Assessmentecture, Discussion, Assessment
4	Literature research Literature research and course preparationand course preparation	Globalization, Income Distribution and Employment Relationship	Lecture, Discussion, Assessment
5	Literature research and course preparation	Central Banks, Monetary and Interest Policies	Lecture, Discussion, Assessment
6	Literature research and course preparation	Central Banks, Monetary and Interest Policies	Lecture, Discussion, Assessmentecture, Discussion, Assessment
7	Literature researLiterature research and course preparationch and course preparation	International Capital Flows and Exchanges	Lecture, Discussion, Assessment
8	-	MID-TERM EXAM	-
9	Literature research and course preparation	International Trade and Exchange Rates	Lecture, Discussion, Assessment
10	Literature research and course preparation	Global Economic Crises	Lecture, Discussion, Assessment
11	Literature research and course preparation	Relationship between Growth and Welfare	Lecture, Discussion, Assessment
12	Literature research and course preparation	Current Developments in Developing Countries	Lecture, Discussion, Assessment
13	Literature research and course preparation	Current Developments in Asian, European and American Economies	Lecture, Discussion, Assessment
14	Literature research and course preparation	Student Presentations	Lecture, Discussion, Assessment
15	Literature research and course preparation	Student Presentations	Lecture, Discussion, Assessment
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Karagül, M. (2017), Dünya Ekonomisi, Ankara: Nobel Yayıncılık
Roubini, N. (2017), Kriz Ekonomisi: Dünya Ekonomisinin Çöküşü ve Geleceği, İstanbul: Pegasus Yayınları
Acar, M. (2018), Güncel İktisadi Tartışmalar, (1. Baskı), Literatürk Academia
Marrewijk, C.V. (2002), International Trade and The World Economy, Oxford University Press

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.
2	Recognize the entries in the book and financial balance sheet of the business organization.
3	Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.

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.
2	Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.
3	Solve financial and legal problems confronted in international trade practices.

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.
2	Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.

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.

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.

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.

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	Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.
3	Design a healthy communication network for themselves 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	Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.
2	Develop suggestions for international trade policies by determining economic problems in the macro level.
3	Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market
4	Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.

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	14	2	28
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	0	0	0
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	7	5	35
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	5	4	20
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	42	0	127