International Economics

Course Code:

ATD 243

Course Period:

Autumn

Course Type:

Core

P:

3

Application:

0

Credits:

3

ECTS:

6

Course Language:

İngilizce

Course Coordinator:

Natalya KETENCİ

Courses given by:

Natalya KETENCİ

Hatice Kerra GELDİ

Course Objectives:

This course aims to provide theoretical explanations for basis of and gains from international trade, the motives of trade policy and international finance. Specifically; the course introduces the main concepts and methods of international trade and illustrates them with applications drawn from the real world. In the second part of the course, international finance topics essential to the understanding of today’s global economy will be covered.

Course Content:

International trade and finance theories and policies, rules and institutions.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study

Course Evaluation Methods:

A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
Be familiar with the role of the WTO in world trade and understand the economic effects of free trade agreements and other types of preferential trade agreements,	5,6	1, 2, 3	A,B
Understand the relationship between factor endowments, the location of production, and international trade,	5	1, 2, 3	A,B
Develop an understanding of a variety of issues in international trade including the links between trade and wage inequality and the effects of trade policy,	5,6	1, 2, 3	A,B
be familiar with the major instruments of trade policy such as tariffs and subsidies and how their economic impacts can be analyzed,	5,6,8	1, 2, 3,4	A,B
be familiar with balance of payments accounting,	11	1, 2, 3,4	A,B
Understand how the foreign exchange market works and how the foreign exchange rates are determined,	11,16	1, 2, 3	A,B
Use and adapt economic models to address key issues in international finance.	11,16	1,2,3	A,B

Course Flow

Week	Topics	Study Materials
1	Introduction-The Main Themes in International Economics.	Gerber, Chp.1
2	World Trade and International Institutions.	Gerber, Chp.2
3	Ricardian Comparative Advantage Model and the Gains from Trade	Gerber, Chp 3
4	Comparative Advantage and Factor Endowments (Heckscher-Ohlin Model)	Gerber, Chp 4
5	Modern Trade Theories	Krugman, Chp 5
6	Tariffs and Quotas	Gerber, Chp. 6
7	Commercial Policies	Gerber, Chp. 7
8	Midterm Review and Midterm Exam
9	International Trade and Labour and Environmental Standarts	Gerber, Chp. 8
10	Trade and Balance of Payments	Gerber, Chp. 9
11	Trade and Balance of Payments	Gerber, Chp. 9
12	Exchange Rates and Exchange Rates Systems	Gerber, Chp. 10
13	Exchange Rates and Exchange Rates Systems	Gerber, Chp. 10
14	General Review
15	Final Exam

Recommended Sources

Textbook	Gerber J. (2018). International Economics, 7th edition, Pearson / Addison-Wesley.
Additional Resources	Course website, lecture notes, articles, online resources.

Material Sharing

Documents	Guidelines and additional examples for Lecture Topics and Homework Assignments.
Assignments	Homework Assignments
Exams	Midterm Exam and Final Exam

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Homework Assignments and their mini-presentations	8	50
Midterms	1	50
	Total	100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		60
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		40
	Total	100

Course’s Contribution to Program

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	1	2	3	4	5
1	Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.				X
2	Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems.					X
3	Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.			X
4	By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.				X
5	Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.
6	Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.			X
7	Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the social development and global competitiveness.					X

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the exam week: 15x Total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	4	60
Mid-terms	1	10	10
Homework	1	20	20
Final examination	1	15	15
Total Work Load			150
Total Work Load / 25 (h)			6.0
ECTS Credit of the Course			6

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