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	Prof. BÜLENT EŞİYOK
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	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

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 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