Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTERNATIONAL ECONOMICS | - | Fall Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Osman Zeki GÖKÇE |
| Name of Lecturer(s) | Assoc.Prof. Halil Kürşad ASLAN |
| Assistant(s) | |
| Aim | Developing ability to use the tools of economic theory for the analysis of international economics phenomena, specifically trade, in aggregate terms. Particular use of basic knowledge in microeconomics for welfare analysis to discuss the effect of trade. The foundations and historical development of modern trade theory with special emphasis on comparative advantage theory lays down the initial fundamentals of the course. A brief discussion of the sources of trade and thus growth and development for nations is followed by policy issues and global effects. Regulations and barriers on trade are also outlined while industrialization and trade policy are dealt simultaneously for a broader understanding of how trade policies are in cyclical relation with those of industrial. Further discussions in the course are made on the role of international investments, issues of currency politics with specific reference to developing nations and international institutions’ role in policy coordination. Finally, a broader and more critical thinking of why nations fail and how they succeed will be at the heart of our discussion in the class. |
| Course Content | This course contains; The International Economy and World Trade: An Overview,Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage,Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy,Tariffs and A Comparative Welfare Effect Analysis / Non-Tariff Trade Barriers: Mechanisms and Regulations,Trade Wars, Macro Policies and International Economic Order,Trade Regulations, Policies and Industrial Development / Trade Policies for the Developing Nations ,Regional Trade Agreements / Cross-Country and Multinational Investments,A Brief Introduction to The Balance-Of-Payments,Exchange Rates: How Determined, How Markets Function,Current Account Adjustments: Automatic and Discretionary,Exchange Rate Systems, Currency Politics and Crises: A Crash Course,Open Macroeconomics and Policies,International Reserves, Policy Coordination and the Role of Institutions,“Why Nations Fail” and “How Nations Succeed”: A Discussion. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| Develop skills to analyze how international economics work. | 10, 13, 16, 9 | A, G |
| Know about the foundations and sources of trade theory. | 10, 13, 16, 9 | A, G |
| Discuss issues about trade policies, their effects on growth, barriers to trade and trade wars. | 10, 13, 16, 9 | A, G |
| Attain basic comprehension on international finance , its mechanisms and institutions. | 10, 13, 16, 9 | A, G |
| Acquire ability to comment on foreign exchange markets, exchange rate determination, currency politics and crises. | 10, 13, 16, 9 | A, G |
| Perceives the current international economic order, international institutions and policy coordination issues. | 10, 13, 16, 9 | A, G |
| Teaching Methods: | 10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | The International Economy and World Trade: An Overview | |
| 2 | Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage | |
| 3 | Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy | |
| 4 | Tariffs and A Comparative Welfare Effect Analysis / Non-Tariff Trade Barriers: Mechanisms and Regulations | |
| 5 | Trade Wars, Macro Policies and International Economic Order | |
| 6 | Trade Regulations, Policies and Industrial Development / Trade Policies for the Developing Nations | |
| 7 | Regional Trade Agreements / Cross-Country and Multinational Investments | |
| 8 | A Brief Introduction to The Balance-Of-Payments | |
| 9 | Exchange Rates: How Determined, How Markets Function | |
| 10 | Current Account Adjustments: Automatic and Discretionary | |
| 11 | Exchange Rate Systems, Currency Politics and Crises: A Crash Course | |
| 12 | Open Macroeconomics and Policies | |
| 13 | International Reserves, Policy Coordination and the Role of Institutions | |
| 14 | “Why Nations Fail” and “How Nations Succeed”: A Discussion |
| Resources |
| Krugman et al, International Economics, Pearson 10th Edition, 2015. |
| Robert Carbaugh, International Economics, 16th Edition, Cengage, 2018. Robert Gilpin, International Political Economy, Princeton University Press, 2001. Jeffry A. Frieden, Currency Politics, Princeton University Press, 2015. Daron Acemoglu, Why Nations Fail, Crown Publishing, 2013. Murat A. Yülek, How Nations Succeed, Springer, 2018. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | PC1. Students know the fundamental concepts, theories, research methods and analysis techniques used in the fields and sub-fields of Political Science and International relations. | X | |||||
| 2 | PC2. Students understand the political, economic, social, and cultural relations among political systems, international actors, states and non-state actors; analyzes the reasons for the issues and problems in these fields, develop skills for systematic and critical thinking for alternative solutions. | X | |||||
| 3 | PC3. Students of the program will be able to work at public and private institutions, international organizations, and non-governmental organizations. They will be able to involve in the foreign policy making, analysis, and implementation processes; manage project implementations, and shoulder responsibilities at different positions of decision-making processes. The multi-disciplinary perspective they have developed in the program facilitates following solution-oriented perspective at times of crisis, evaluating existing resolutions and developing new alternatives. | X | |||||
| 4 | PC4. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and report the findings to stakeholders. | X | |||||
| 5 | PC5. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and make scientific publications. | X | |||||
| 6 | PC6. Students will be able to work as group leader in public and private institutions, plan and administer events and activities. | X | |||||
| 7 | PC7. As a result of development of critical thinking, students stay open to change and development; adopt never-ending learning principle to their life. | X | |||||
| 8 | PC8. Students use the appropriate oral and written language skills and adopt professional ethics in their communication while sharing results, analyses, and solution suggestions with colleagues and stakeholders | X | |||||
| 9 | PC9. Students use English language skills in research and fields of expertise; easily follow international developments and communicates with international stakeholders. | X | |||||
| 10 | PC10. Students use fundamental computer skills in communication with colleagues and stakeholders. | X | |||||
| 11 | PC11. Students will be able to lead decision-making mechanisms, involve in policy making and analysis processes, and manage negotiation processes in public and private institutions. | X | |||||
| 12 | PC12. Students will be able to develop original and scientific solutions and knowledge in their fields of expertise, create projects and act as a consultant to decision-making mechanisms. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 0 | 0 | 0 | |||
| Resolution of Homework Problems and Submission as a Report | 0 | 0 | 0 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 1 | 30 | 30 | |||
| Quiz | 0 | 0 | 0 | |||
| Midterm Exam | 1 | 30 | 30 | |||
| General Exam | 1 | 45 | 45 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 147 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(147/30) | 5 | |||||
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. | ||||||
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTERNATIONAL ECONOMICS | - | Fall Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Osman Zeki GÖKÇE |
| Name of Lecturer(s) | Assoc.Prof. Halil Kürşad ASLAN |
| Assistant(s) | |
| Aim | Developing ability to use the tools of economic theory for the analysis of international economics phenomena, specifically trade, in aggregate terms. Particular use of basic knowledge in microeconomics for welfare analysis to discuss the effect of trade. The foundations and historical development of modern trade theory with special emphasis on comparative advantage theory lays down the initial fundamentals of the course. A brief discussion of the sources of trade and thus growth and development for nations is followed by policy issues and global effects. Regulations and barriers on trade are also outlined while industrialization and trade policy are dealt simultaneously for a broader understanding of how trade policies are in cyclical relation with those of industrial. Further discussions in the course are made on the role of international investments, issues of currency politics with specific reference to developing nations and international institutions’ role in policy coordination. Finally, a broader and more critical thinking of why nations fail and how they succeed will be at the heart of our discussion in the class. |
| Course Content | This course contains; The International Economy and World Trade: An Overview,Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage,Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy,Tariffs and A Comparative Welfare Effect Analysis / Non-Tariff Trade Barriers: Mechanisms and Regulations,Trade Wars, Macro Policies and International Economic Order,Trade Regulations, Policies and Industrial Development / Trade Policies for the Developing Nations ,Regional Trade Agreements / Cross-Country and Multinational Investments,A Brief Introduction to The Balance-Of-Payments,Exchange Rates: How Determined, How Markets Function,Current Account Adjustments: Automatic and Discretionary,Exchange Rate Systems, Currency Politics and Crises: A Crash Course,Open Macroeconomics and Policies,International Reserves, Policy Coordination and the Role of Institutions,“Why Nations Fail” and “How Nations Succeed”: A Discussion. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| Develop skills to analyze how international economics work. | 10, 13, 16, 9 | A, G |
| Know about the foundations and sources of trade theory. | 10, 13, 16, 9 | A, G |
| Discuss issues about trade policies, their effects on growth, barriers to trade and trade wars. | 10, 13, 16, 9 | A, G |
| Attain basic comprehension on international finance , its mechanisms and institutions. | 10, 13, 16, 9 | A, G |
| Acquire ability to comment on foreign exchange markets, exchange rate determination, currency politics and crises. | 10, 13, 16, 9 | A, G |
| Perceives the current international economic order, international institutions and policy coordination issues. | 10, 13, 16, 9 | A, G |
| Teaching Methods: | 10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | The International Economy and World Trade: An Overview | |
| 2 | Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage | |
| 3 | Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy | |
| 4 | Tariffs and A Comparative Welfare Effect Analysis / Non-Tariff Trade Barriers: Mechanisms and Regulations | |
| 5 | Trade Wars, Macro Policies and International Economic Order | |
| 6 | Trade Regulations, Policies and Industrial Development / Trade Policies for the Developing Nations | |
| 7 | Regional Trade Agreements / Cross-Country and Multinational Investments | |
| 8 | A Brief Introduction to The Balance-Of-Payments | |
| 9 | Exchange Rates: How Determined, How Markets Function | |
| 10 | Current Account Adjustments: Automatic and Discretionary | |
| 11 | Exchange Rate Systems, Currency Politics and Crises: A Crash Course | |
| 12 | Open Macroeconomics and Policies | |
| 13 | International Reserves, Policy Coordination and the Role of Institutions | |
| 14 | “Why Nations Fail” and “How Nations Succeed”: A Discussion |
| Resources |
| Krugman et al, International Economics, Pearson 10th Edition, 2015. |
| Robert Carbaugh, International Economics, 16th Edition, Cengage, 2018. Robert Gilpin, International Political Economy, Princeton University Press, 2001. Jeffry A. Frieden, Currency Politics, Princeton University Press, 2015. Daron Acemoglu, Why Nations Fail, Crown Publishing, 2013. Murat A. Yülek, How Nations Succeed, Springer, 2018. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | PC1. Students know the fundamental concepts, theories, research methods and analysis techniques used in the fields and sub-fields of Political Science and International relations. | X | |||||
| 2 | PC2. Students understand the political, economic, social, and cultural relations among political systems, international actors, states and non-state actors; analyzes the reasons for the issues and problems in these fields, develop skills for systematic and critical thinking for alternative solutions. | X | |||||
| 3 | PC3. Students of the program will be able to work at public and private institutions, international organizations, and non-governmental organizations. They will be able to involve in the foreign policy making, analysis, and implementation processes; manage project implementations, and shoulder responsibilities at different positions of decision-making processes. The multi-disciplinary perspective they have developed in the program facilitates following solution-oriented perspective at times of crisis, evaluating existing resolutions and developing new alternatives. | X | |||||
| 4 | PC4. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and report the findings to stakeholders. | X | |||||
| 5 | PC5. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and make scientific publications. | X | |||||
| 6 | PC6. Students will be able to work as group leader in public and private institutions, plan and administer events and activities. | X | |||||
| 7 | PC7. As a result of development of critical thinking, students stay open to change and development; adopt never-ending learning principle to their life. | X | |||||
| 8 | PC8. Students use the appropriate oral and written language skills and adopt professional ethics in their communication while sharing results, analyses, and solution suggestions with colleagues and stakeholders | X | |||||
| 9 | PC9. Students use English language skills in research and fields of expertise; easily follow international developments and communicates with international stakeholders. | X | |||||
| 10 | PC10. Students use fundamental computer skills in communication with colleagues and stakeholders. | X | |||||
| 11 | PC11. Students will be able to lead decision-making mechanisms, involve in policy making and analysis processes, and manage negotiation processes in public and private institutions. | X | |||||
| 12 | PC12. Students will be able to develop original and scientific solutions and knowledge in their fields of expertise, create projects and act as a consultant to decision-making mechanisms. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |