Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTERNATIONAL ECONOMICS | INT2115018 | Fall Semester | 3+0 | 3 | 6 |
| Course Program | Perşembe 10:00-10:45 Perşembe 11:00-11:45 Perşembe 12:00-12:45 |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Elective |
| Course Coordinator | Assist.Prof. Osman Zeki GÖKÇE |
| Name of Lecturer(s) | Assist.Prof. Osman Zeki GÖKÇE |
| Assistant(s) | |
| Aim | With states concomitantly considering political and economic consequences of their actions at international arena, students as prospective IR experts should have sound understanding of international economic dynamics. Designed primarily for undergraduate students, this course aims to give an extensive overview of the international economy by consolidating basic economic knowledge gained during the first year. In doing so, this course gives more emphasis on the real world and encourages students to explain current international economic developments using the principles of international economics. Besides reviewing the history of modern economic system, the course will prepare students for discussion of the following questions : Why and how do economic institutions matter in the international economy? Why do states trade with each other? What are the costs and benefits of international economic integration for states? What are the fundamentals of international finance? How do exchange rate systems work? Which factors may trigger economic crises? By the end of this course, students will have been expected to understand (i) the rationale behind the actions of economic agents in the global economy, (ii) the reasons why emerging economies, like Turkey, are more susceptible to shocks erupting in global economy, and (iii) the bottlenecks of the current international economic system. |
| Course Content | This course contains; Introduction & Overview of the Course,Windows on the World Economy,Absolute Advantage,Comparative Advantage,The Political Economy of Trade & Trade Policy Analyses,The WTO and Preferential Trade Agreements,Multinational Enterprises, Foreign Direct Investment, and Migration,Accounting Frameworks,Exchange Rates and Purchasing Power Parity,Flexible & Fixed Exchange Rates,The IMF,Crises and Responses,Monetary Unions,Development Concepts & Growth and Development. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| Discuss and explain specific policy issues such as international trade; the choice of exchange rate regime; the pros and cons of free capital flows | 12, 13, 9 | A, G |
| Apply a specific framework to illustrate the connection between a variety of models and approaches. Explain the connections between Ricardian, Heckscher-Ohlin and the specific factors models in trade theory, or between the ‘monetary approach’ and the ‘asset approach’ in exchange rate theory. | 12, 13, 9 | A, G |
| Explain how international economic theory has been shaped by real world events | 12, 13, 9 | A, G |
| Teaching Methods: | 12: Problem Solving Method, 13: Case Study Method, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introduction & Overview of the Course | Reinert, Chapter 1 |
| 2 | Windows on the World Economy | Reinert, Chapter 1 |
| 3 | Absolute Advantage | Reinert, Chapter 2 |
| 4 | Comparative Advantage | Reinert, Chapter 3 |
| 5 | The Political Economy of Trade & Trade Policy Analyses | Reinert, Chapters 5, 6 |
| 6 | The WTO and Preferential Trade Agreements | Reinert, Chapters 7, 8 |
| 7 | Multinational Enterprises, Foreign Direct Investment, and Migration | Reinert, Chapters 9, 10, 12 |
| 8 | Accounting Frameworks | Reinert, Chapter 13 |
| 9 | Exchange Rates and Purchasing Power Parity | Reinert, Chapter 14 |
| 10 | Flexible & Fixed Exchange Rates | Reinert, Chapters 15, 16 |
| 11 | The IMF | Reinert, Chapter 17 |
| 12 | Crises and Responses | Reinert, Chapter 18 |
| 13 | Monetary Unions | Reinert, Chapter 19 |
| 14 | Development Concepts & Growth and Development | Reinert, Chapters 20, 21 |
| Resources |
| Reinert, Kenneth A. 2012. An Introduction to International Economics: New Perspectives on the World Economy, 1st Edition. New York: Cambridge University Press. |
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. | ||||||
| 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 | 5 | 3 | 15 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 5 | 3 | 15 | |||
| Midterm Exam | 1 | 45 | 45 | |||
| General Exam | 1 | 60 | 60 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 177 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(177/30) | 6 | |||||
| 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 | INT2115018 | Fall Semester | 3+0 | 3 | 6 |
| Course Program | Perşembe 10:00-10:45 Perşembe 11:00-11:45 Perşembe 12:00-12:45 |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Elective |
| Course Coordinator | Assist.Prof. Osman Zeki GÖKÇE |
| Name of Lecturer(s) | Assist.Prof. Osman Zeki GÖKÇE |
| Assistant(s) | |
| Aim | With states concomitantly considering political and economic consequences of their actions at international arena, students as prospective IR experts should have sound understanding of international economic dynamics. Designed primarily for undergraduate students, this course aims to give an extensive overview of the international economy by consolidating basic economic knowledge gained during the first year. In doing so, this course gives more emphasis on the real world and encourages students to explain current international economic developments using the principles of international economics. Besides reviewing the history of modern economic system, the course will prepare students for discussion of the following questions : Why and how do economic institutions matter in the international economy? Why do states trade with each other? What are the costs and benefits of international economic integration for states? What are the fundamentals of international finance? How do exchange rate systems work? Which factors may trigger economic crises? By the end of this course, students will have been expected to understand (i) the rationale behind the actions of economic agents in the global economy, (ii) the reasons why emerging economies, like Turkey, are more susceptible to shocks erupting in global economy, and (iii) the bottlenecks of the current international economic system. |
| Course Content | This course contains; Introduction & Overview of the Course,Windows on the World Economy,Absolute Advantage,Comparative Advantage,The Political Economy of Trade & Trade Policy Analyses,The WTO and Preferential Trade Agreements,Multinational Enterprises, Foreign Direct Investment, and Migration,Accounting Frameworks,Exchange Rates and Purchasing Power Parity,Flexible & Fixed Exchange Rates,The IMF,Crises and Responses,Monetary Unions,Development Concepts & Growth and Development. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| Discuss and explain specific policy issues such as international trade; the choice of exchange rate regime; the pros and cons of free capital flows | 12, 13, 9 | A, G |
| Apply a specific framework to illustrate the connection between a variety of models and approaches. Explain the connections between Ricardian, Heckscher-Ohlin and the specific factors models in trade theory, or between the ‘monetary approach’ and the ‘asset approach’ in exchange rate theory. | 12, 13, 9 | A, G |
| Explain how international economic theory has been shaped by real world events | 12, 13, 9 | A, G |
| Teaching Methods: | 12: Problem Solving Method, 13: Case Study Method, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introduction & Overview of the Course | Reinert, Chapter 1 |
| 2 | Windows on the World Economy | Reinert, Chapter 1 |
| 3 | Absolute Advantage | Reinert, Chapter 2 |
| 4 | Comparative Advantage | Reinert, Chapter 3 |
| 5 | The Political Economy of Trade & Trade Policy Analyses | Reinert, Chapters 5, 6 |
| 6 | The WTO and Preferential Trade Agreements | Reinert, Chapters 7, 8 |
| 7 | Multinational Enterprises, Foreign Direct Investment, and Migration | Reinert, Chapters 9, 10, 12 |
| 8 | Accounting Frameworks | Reinert, Chapter 13 |
| 9 | Exchange Rates and Purchasing Power Parity | Reinert, Chapter 14 |
| 10 | Flexible & Fixed Exchange Rates | Reinert, Chapters 15, 16 |
| 11 | The IMF | Reinert, Chapter 17 |
| 12 | Crises and Responses | Reinert, Chapter 18 |
| 13 | Monetary Unions | Reinert, Chapter 19 |
| 14 | Development Concepts & Growth and Development | Reinert, Chapters 20, 21 |
| Resources |
| Reinert, Kenneth A. 2012. An Introduction to International Economics: New Perspectives on the World Economy, 1st Edition. New York: Cambridge University Press. |
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. | ||||||
| 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 | |