Global Economy

Course Code:

ECON 342

Course Type:

Elective

P:

3

Application:

0

Credits:

3

ECTS:

6

Course Language:

İngilizce

Course Objectives:

The purpose is to provide explanations on international economic developments and related internatiponal problems. Beside presenting the theory, actual workings of the balance of payments accounts and of foreign exchange markets will be examined to show the practical relevance to students of international economics. This course intends to inform the students about the international trade and development policies around the world and some related problems.

Course Content:

The impact of globalization on national and regional economies, a critique of the present world trading system, macroeconomic policy problems in open economies, international financial crises, the economic integration of North America and Europe, trade and development policies in Latin America, export oriented growth policies in East Asia, and the impact of BRIC countries to the world economy are some important issues to be discussed.

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
A through examination of balance of payments	1, 2, 4, 6	1, 2, 3	A, Q
Studying foreign currency markets, exchange rates and their determination	1, 2, 4, 6	1, 2, 3	A, Q
Discussing exchange rate systems	1, 2, 4, 6	1, 2, 3	A, Q
Learning the price and income adjustment mechanism with flexible and fixed exchange rates	1, 2, 4, 6	1, 2, 3	A, Q
Investigating optimum currency ares in theory and practice	1, 2, 4, 6	1, 2, 3	A, Q
Discussing the international monetary system	1, 2, 4, 6	1, 2, 3	A, Q

Course Flow

COURSE CONTENT
Week	Topics	Study Materials
1	Open Economy Macroeconomics	Chapter 11
2	Open Economy Macroeconomics	Chapter 11
3	International Financial Crises	Chapter 12
4	International Financial Crises	Chapter 12
5	The United States in the World Economy	Chapter 13
6	The United States in the World Economy	Chapter 13
7	The European Union	Chapter 14
8	The European Union	Chapter 14
9	Mid-term Exam
10	Trade and Policy Reforms in Latin America	Chapter 15
11	Trade and Policy Reforms in Latin America	Chapter 15
12	China and India in the World Economy	Chapter 17
13	China and India in the World Economy	Chapter 17
14	Final Review

Recommended Sources

Textbook		James Gerber, International Economics, Pearson, 2018 (7th edition)
Additional Resources		P.R. Krugman, M. Obstfeld and M. Melitz, International Trade Theory & Policy, 2019, Pearson, 11th edition.

Material Sharing

Documents		Lecture notes
Assignments		End of Chapter problems and Homework Assignments
Exams		Exam questions

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	1	90
Quizzes (attendance, presentation, etc.)	2	10
Assignments	0	0
	Total	100
Contribution of Final Examination to Overall Grade		45
Contribution of In-Term Studies to Overall Grade		55
	Total	100
Course Category

Course’s Contribution to Program

ECTS

None

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