International Economics is a branch of science that investigates all developments in economic relations between countries. The scope of the international economic event includes; foreign trade transactions, production policies, foreign economic developments, effects on development, international economic unions and the world monetary system.
Course Content
This course contains; What is International Economy?,The Theory of Absolute Advantages (Adam Smith) The Theory of Comparative Advantages (David Ricardo),Factor Endowment Theory (Heckscher - Ohlin theory) Leontief Paradox,International Trade Policy - Foreign Trade Policy,International Trade Policy - Customs Tariffs - Economic Effects of Customs Tax - Optimum Customs Tariff,Protectionism and its Effects in Foreign Trade,Customs Unions and Free Trade Zones,Liberalization of World Trade: Global Trade and World Trade Organization,Balance of Payments Equilization,Balance of Payments Equilization,Macroeconomic Policies in Open Economies: Internal and External Economic Balance,Balance of Payments,Balance of Payments,Overview.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1.1. Explain the concept of absolute and comparative advantage in international trade
1.2. Illustrate the benefits of specialization and trade based on comparative advantage.
2.1. Evaluate the impact of trade on the distribution of income and welfare of participating countries.
2.2. Examine the effects of trade on production, consumption, and prices of goods and services.
3.1. Describe the Heckscher-Ohlin theorem and its relevance in explaining international trade patterns.
3.2. Analyze how factor abundance and factor intensity influence trade patterns.
4.1. Assess the role of economies of scale and imperfect competition in explaining trade patterns.
4.2. Analyze the implications of product differentiation and technological advancements on international trade.
5.1. Examine the impact of tariffs, quotas, and subsidies on international trade.
5.2. Evaluate the role of trade agreements and their effects on global trade patterns.
1. Will be able to explain the theory of comparative advantage.
16, 9
A, E
2. Will be able to analyze trade patterns and welfare effects.
16, 9
A, E
3. Will be able to explain the Heckscher-Ohlin Model and its applications.
16, 9
A, E
4. Will be able to evaluate New Trade Theories.
16, 9
A, E
5. Will be able to evaluate the effects of trade policy.
The Theory of Absolute Advantages (Adam Smith) The Theory of Comparative Advantages (David Ricardo)
3
Factor Endowment Theory (Heckscher - Ohlin theory) Leontief Paradox
4
International Trade Policy - Foreign Trade Policy
5
International Trade Policy - Customs Tariffs - Economic Effects of Customs Tax - Optimum Customs Tariff
6
Protectionism and its Effects in Foreign Trade
7
Customs Unions and Free Trade Zones
8
Liberalization of World Trade: Global Trade and World Trade Organization
9
Balance of Payments Equilization
10
Balance of Payments Equilization
11
Macroeconomic Policies in Open Economies: Internal and External Economic Balance
12
Balance of Payments
13
Balance of Payments
14
Overview
Resources
Prof. Dr. Halil Seyidoğlu, Uluslararası İktisat – Teori Politika ve Uygulama, Güzem Yayınları, İstanbul, 2020
Paul Krugman, Maurice Obstfeld ve Marc J. Melitz, Uluslararası İktisat: Teori ve Politika, onuncu baskıdan tercüme eden: Onur Özsoy vd., Palme Yayıncılık, 2017.
ADDITIONAL RESOURCES
David N. Balaam ve Bradford Dillman, Uluslararası Ekonomi Politiğe Giriş, beşinci baskıdan tercüme eden: Nasuh Uslu, Liberte, 2015.
Ha Joon Chang, Sanayileşmenin Gizli Tarihi, çev: Emin Akçaoğlu, Efil Yayınevi, Ankara, 2015.
Daily news will be followed and used for preparation and lectures.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the theoretical issues in the field of international lojistic management.
X
2
Describes the necessary mathematical and statistical methods in the field of international lojistic management.
3
Uses at least one computer program in the field of international lojistic management.
4
Sustains proficiency in a foreign language required or international lojistic management studies.
5
Prepares projects for the field of international lojistic management and works in a team.
X
6
Constantly updates himself / herself by following developments in international logistics and supply chain management with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that she/he has got.
X
7
Uses theoretical and practical expertise in the field of international lojistic management.
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills.
9
Adopts organizational / institutional and social ethical values.
10
Within the framework of community involvement adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in various disciplines in order to conduct interdisciplinary studies.
X
12
International logistics and supply chain management offer appropriate proposals in both micro and macro frameworks in response to the challenges of the sector.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
20
Rate of Final Exam to Success
80
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
7
2
14
Resolution of Homework Problems and Submission as a Report
1
15
15
Term Project
1
10
10
Presentation of Project / Seminar
0
0
0
Quiz
0
0
0
Midterm Exam
1
25
25
General Exam
1
35
35
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
141
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(141/30)
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
-
Spring Semester
3+0
3
5
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
First Cycle (Bachelor's Degree)
Course Type
Required
Course Coordinator
Prof.Dr. Rana ATABAY KUŞÇU
Name of Lecturer(s)
Prof.Dr. Rana ATABAY KUŞÇU
Assistant(s)
Aim
International Economics is a branch of science that investigates all developments in economic relations between countries. The scope of the international economic event includes; foreign trade transactions, production policies, foreign economic developments, effects on development, international economic unions and the world monetary system.
Course Content
This course contains; What is International Economy?,The Theory of Absolute Advantages (Adam Smith) The Theory of Comparative Advantages (David Ricardo),Factor Endowment Theory (Heckscher - Ohlin theory) Leontief Paradox,International Trade Policy - Foreign Trade Policy,International Trade Policy - Customs Tariffs - Economic Effects of Customs Tax - Optimum Customs Tariff,Protectionism and its Effects in Foreign Trade,Customs Unions and Free Trade Zones,Liberalization of World Trade: Global Trade and World Trade Organization,Balance of Payments Equilization,Balance of Payments Equilization,Macroeconomic Policies in Open Economies: Internal and External Economic Balance,Balance of Payments,Balance of Payments,Overview.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1.1. Explain the concept of absolute and comparative advantage in international trade
1.2. Illustrate the benefits of specialization and trade based on comparative advantage.
2.1. Evaluate the impact of trade on the distribution of income and welfare of participating countries.
2.2. Examine the effects of trade on production, consumption, and prices of goods and services.
3.1. Describe the Heckscher-Ohlin theorem and its relevance in explaining international trade patterns.
3.2. Analyze how factor abundance and factor intensity influence trade patterns.
4.1. Assess the role of economies of scale and imperfect competition in explaining trade patterns.
4.2. Analyze the implications of product differentiation and technological advancements on international trade.
5.1. Examine the impact of tariffs, quotas, and subsidies on international trade.
5.2. Evaluate the role of trade agreements and their effects on global trade patterns.
1. Will be able to explain the theory of comparative advantage.
16, 9
A, E
2. Will be able to analyze trade patterns and welfare effects.
16, 9
A, E
3. Will be able to explain the Heckscher-Ohlin Model and its applications.
16, 9
A, E
4. Will be able to evaluate New Trade Theories.
16, 9
A, E
5. Will be able to evaluate the effects of trade policy.
The Theory of Absolute Advantages (Adam Smith) The Theory of Comparative Advantages (David Ricardo)
3
Factor Endowment Theory (Heckscher - Ohlin theory) Leontief Paradox
4
International Trade Policy - Foreign Trade Policy
5
International Trade Policy - Customs Tariffs - Economic Effects of Customs Tax - Optimum Customs Tariff
6
Protectionism and its Effects in Foreign Trade
7
Customs Unions and Free Trade Zones
8
Liberalization of World Trade: Global Trade and World Trade Organization
9
Balance of Payments Equilization
10
Balance of Payments Equilization
11
Macroeconomic Policies in Open Economies: Internal and External Economic Balance
12
Balance of Payments
13
Balance of Payments
14
Overview
Resources
Prof. Dr. Halil Seyidoğlu, Uluslararası İktisat – Teori Politika ve Uygulama, Güzem Yayınları, İstanbul, 2020
Paul Krugman, Maurice Obstfeld ve Marc J. Melitz, Uluslararası İktisat: Teori ve Politika, onuncu baskıdan tercüme eden: Onur Özsoy vd., Palme Yayıncılık, 2017.
ADDITIONAL RESOURCES
David N. Balaam ve Bradford Dillman, Uluslararası Ekonomi Politiğe Giriş, beşinci baskıdan tercüme eden: Nasuh Uslu, Liberte, 2015.
Ha Joon Chang, Sanayileşmenin Gizli Tarihi, çev: Emin Akçaoğlu, Efil Yayınevi, Ankara, 2015.
Daily news will be followed and used for preparation and lectures.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the theoretical issues in the field of international lojistic management.
X
2
Describes the necessary mathematical and statistical methods in the field of international lojistic management.
3
Uses at least one computer program in the field of international lojistic management.
4
Sustains proficiency in a foreign language required or international lojistic management studies.
5
Prepares projects for the field of international lojistic management and works in a team.
X
6
Constantly updates himself / herself by following developments in international logistics and supply chain management with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that she/he has got.
X
7
Uses theoretical and practical expertise in the field of international lojistic management.
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills.
9
Adopts organizational / institutional and social ethical values.
10
Within the framework of community involvement adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in various disciplines in order to conduct interdisciplinary studies.
X
12
International logistics and supply chain management offer appropriate proposals in both micro and macro frameworks in response to the challenges of the sector.
