Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
5ECON 305International Economics3+0+03506.11.2023

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program BA Program in Economics
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course The module aims to:
? Knowledgeable about the theory and practice of international economics and trade
? Foster an awareness, appreciation and understanding of relevance of theory to international economics.
? Evaluate the empirical findings in support of international trade and the role of international bodies.
? Employable as graduates
Course Content The module aims to introduce students to mainstream theories and a series of relevant issues in international economics. The students will be given an opportunity to relate the theory to real world evidence on international economics at national, international and supranational level.

At the end of the semester, the student will be able to understand the core theory and practices relating to international economics, and to appreciate different methods and analytical models.

A standard model of teaching/seminar applies here.

The module will be assessed by means of a mid-term exam and an examination at the end of the semester.
Course Methods and Techniques The module will involve both directed and independent learning.
? Directed learning may include a range of activities including pre-reading, preparation for seminar activity, preparing for presentations etc. Guidance will be given on the nature of work to be undertaken either through the Teaching and Learning plan or through specific instruction related to a particular task.
? Independent learning is learning which the student identifies by pursuing areas of interest or by providing deeper or broader knowledge of the subject, through a range of learning activities that might include reading, reflection, research etc.

Formative assessment will take place through discussions, case study activity and theory/practice related discussions in the context of a teaching and learning plan.

Summative assessment will be through a final exam (60%), and a midterm exam (30%), and regular attendance 10%
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Prof.Dr. DİLEK DEMİRBAŞ dilek.demirbas@ihu.edu.tr
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources International Economics: Theory and Policy by Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz (Pearson, 2018).
Course Notes Module Text Book
Paul R. Krugman, Maurice Obstfeld and Marc Melitz, International Economics, Theory and Practice, Pearson, 2022

Other Books
Halil Seyidoğlu, Uluslararası İktisat; Teori, Politika ve Uygulama, Güzem Can Yayınları, İstanbul, 2020
Yakup Kepenek, Türkiye Ekonomisi, Remzi Kitapevi, 28. Baskı, 2012
Lawler, K. and H, Seddıghı, International Economics, Prentice Hall, 2001

Sources
Financial Times, Dünya, The Economist, Oksijen, Business Week, OECD, İMF, WB
https://www.numerade.com/books/international-economics-theory-and-policy-2/?utm_campaign=dynamic_books_international&utm_term=dynamic_books_international&utm_content=dynamic_books_international_&utm_source=google&utm_medium=paidsearch&gclid=CjwKCAjwjaWoBhAmEiwAXz8DBc7GBfXoGjgdjTOQrqeFYGY8NtGlndb5FCxBLJtZdevodqKF3ksD-BoCAFsQAvD_BwE
Documents Module Text Book Paul R. Krugman, Maurice Obstfeld and Marc Melitz, International Economics, Theory and Practice, Pearson, 2022 Other Books Halil Seyidoğlu, Uluslararası İktisat; Teori, Politika ve Uygulama, Güzem Can Yayınları, İstanbul, 2020 Yakup Kepenek, Türkiye Ekonomisi, Remzi Kitapevi, 28. Baskı, 2012 Lawler, K. and H, Seddıghı, International Economics, Prentice Hall, 2001 Sources Financial Times, Dünya, The Economist, Oksijen, Business Week, OECD, İMF, WB https://www.numerade.com/books
Assignments At the end of the module the student will be able: ? To understand the core theory relating to international economics ? Appreciate different methods and analytical models. ? To apply and interpret such models. ? To enhance their transferable/key skills
Exams Summative assessment will be through I) a midterm exam (30%), II) III) a final examination (60%) and regular attendance (10%)

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Attendance 10 % 10
Final examination 1 % 60
Total
12
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 6 84
Mid-terms 1 10 10
Final examination 1 14 14
Total Work Load   Number of ECTS Credits 5 150

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 To understand the core theory relating to international economics
2 To appreciate different methods and analytical models.
3 To apply and interpret such models.
4 To enhance their transferable/key skills
5 To analyze the effects of changes in exchange rate, interest rate on money and trade flows

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to International Economics and Its Basic Concepts An Overview of Classical Trade Theories Paul R. Krugman, Maurice Obstfeld and Marc Melitz, International Economics, Theory and Practice, Pearson, 2022
2 International Trade Theory – ? Mercantilizm, ? Mutlak Üstünlük Teorisi; Adam Smirh ? Labor productivity and Comparative Advantage; The Ricardian Model International Trade Theory – ? Mercantilizm, ? Mutlak Üstünlük Teorisi; Adam Smirh ? Labor productivity and Comparative Advantage; The Ricardian Model
3 International Trade Theory – • Specific Factors and Income Distribution • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 4
4 International Trade Theory – • Resources and Trade, The Heckscher-Ohlin Model • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 5
5 International Trade Theory – • The Standard Trade Model • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 6
6 International Trade Theory – • Economies of Scale, Imperfect Competition and International Trade • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 7
7 International Trade Policy - • The Instruments of Trade Policy • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 9
8 Midterm Chapter 1,2,3,4,5,6,7,9,10
9 The Political Economy of Trade Policy • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 10
10 International Economics Trade and the Balance of Payments • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson,
11 International Economics Developing Countries: Growth, Crisis, and Reform, • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 11
12 International Econom Exchange Rates and the Foreign Exchange Market • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 14
13 International Economics National Income Accounting and the Balance of Payments • Krugman, P. R.,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 13
14 İnternational Economics Controversies in Trade Policy • Krugman, P., R,Obstfeld, M. and Melitz, M. 2022 International Economics: Theory and Policy Pearson, Ch 12

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 3
C1 3
C2 3
C3 2
C4 4 3
C5 3 3 4 2

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
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