INTERNATIONAL ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
BNS354	INTERNATIONAL ECONOMICS	6	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. HAKAN ÖZCAN
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The aim of the course is to teach international economic theory and provide students with the knowledge and skills to analyze international economic issues.
Contents of the Course Unit:	The course content covers international trade theories, supply and demand models, foreign trade theory and economic growth analyses, foreign trade policy tools, and the analysis of economic relations between countries.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Defines international economics terms
Explains neoclassical equilibrium using microeconomic tools
Distinguishes the conditions of free trade and the benefits it provides to the parties involved
Analyzes the socio-economic effects of developments in the world economy on countries
Follows the latest theoretical developments in international economics
Evaluates empirical studies related to international economics

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	-	International Trade Theories (Absolute Advantages vs. Comparative Advantages)	-
2	-	International Trade Theories (Opportunity Cost, Production-Cost Relationships)	-
3	-	Supply and Demand Models (Cross-Demand and Supply Curves)	-
4	-	Factor Endowment Theory (Heckscher-Ohlin Theorem)	-
5	-	Factor Endowment Theory (Leontief Paradox and Testing the Ricardo Model, New Theories)	-
6	-	Foreign Trade Theory and Economic Growth Analyses (Growth, Trade Terms, and Welfare Relationship)	-
7	-	Foreign Trade Theory and Economic Growth Analyses (Poverty-Inducing Growth)	-
8	-	Foreign Trade Theory and Economic Growth Analyses (Poverty-Inducing Growth)	-
9	-	Foreign Trade Theory and Economic Growth Analyses (Singer-Prebish Thesis)	-
10	-	MID-TERM EXAM	-
11	-	Objectives and Tools of Foreign Trade Policy	-
12	-	Customs Tariffs (Economic Effects and the Problem of Tariff Reflection)	-
13	-	Protectionism in Foreign Trade	-
14	-	Exchange Rate and Balance of Payments	-
15	-	FINAL EXAM	-
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Krugman, P., Obstfeld, M., (2010), International Economics. Theory and Policy, Boston: Pearson Addison-Wesley
Seyidoğlu, H. (2009), Uluslararası İktisat Teori Politika ve Uygulama, İstanbul: Güzem Can Yayınları

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50
Final Exam	1	50
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 basic concepts related with banking, insurance and finance.						5
2	Relates the theoretical and practical knowledge in the field to economics, business, law, statistics, accounting and marketing						5

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate banking and insurance applications to financial theories, mathematical and statistical methods.					4
2	Relate the information and facts in the field with other social sciences such as law, sociology, philosophy and history.		1

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the planning and implementation process in banking and insurance transactions.					4
2	Provide solutions for the problems encountered in banking and insurance transactions.						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use theoretical and practical knowledge in the field of banking and insurance transactions.						5
2	By analyzing economic data accurately, manage savings and portfolio investments to minimize financial risks.						5

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	He/She works as a leader or a team member in a teamwork from the planning of the banking transactions to the implementation and performs the task assigned to them within the team.						5

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Gain the basic knowledge necessary for the planning process of banking and insurance activities and human resources performance management.						5
2	Use the computer programs related with field in banking and insurance transactions.			2

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Cooperate to bring innovative ideas to the stakeholders in the sector using banking insurance-related databases, information and communication technologies.			2
2	Research on scientific, sectoral developments and innovations related to the field with lifelong learning as a principle.					4

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze financial data related to his / her field.				3
2	Apply knowledge and skills related to his / her field by taking into account his legal, social and ethical responsibilities.					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	14	3	42
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	14	5	70
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	5	5	25
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	5	5	25
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	54	0	206